Hi all.
There is a block of land I am looking at buying in hope to build a house on it and possibly rent or onsell.
Could anyone elaborate on any possible strategy and the process, maybe things to watch out for as this will be my first time?
I am thinking, Buy the land and build the house. Sounds simple.
I have funding for around 300K and if I got the land for say 150K and then the house cost 150K to build then I could either rent it or live in it.
Can anyone recommend a house building company? What are some of the possible problems that may occur when employing these guys to build a house IE JG Gardener or someone like that?
Is there a finance structure to have in place EG: paying loan once works are complete? Will I have 2 separate loans? For house and land? Will this require two separate deposits?
Insurances? Anything to worry the council about?
Any help will be greatly appreciated by someone who has done this before.
Thanks in advance
There is a block of land I am looking at buying in hope to build a house on it and possibly rent or onsell.
Could anyone elaborate on any possible strategy and the process, maybe things to watch out for as this will be my first time?
I am thinking, Buy the land and build the house. Sounds simple.
I have funding for around 300K and if I got the land for say 150K and then the house cost 150K to build then I could either rent it or live in it.
Can anyone recommend a house building company? What are some of the possible problems that may occur when employing these guys to build a house IE JG Gardener or someone like that?
Is there a finance structure to have in place EG: paying loan once works are complete? Will I have 2 separate loans? For house and land? Will this require two separate deposits?
Insurances? Anything to worry the council about?
Any help will be greatly appreciated by someone who has done this before.
Thanks in advance