Finding that perfect property which ticks all the boxes can be hard. Self-builds are now a popular option within the property market, giving you full control to build your dream home from scratch.

The costs of self-build properties can quickly add up though, so thorough research and careful planning are essential.

There are various finance options you could take. Combining your own personal finances with a self-build mortgage or short-term loan can make the project more manageable and financially structured. Bridging finance is one example of a good method of accessing large lump sums of money within a flexible time-frame.

It is important not to forget about all of the costs that can arise outside of the build itself. You will need to set aside money to purchase the land and pay for professional services, as well as take into account any interest and fees on loans and the interior costs to decorate and furnish your home after the build is complete.

Before you sign that all-important contract, agree on terms and prices to ensure that unforeseen costs do not arise unexpectedly.

The following guide evaluates the cost of a self-build property in more detail, outlining all the things you need to keep in mind and the different financial options available to you.

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Attributed to Gary Lederberg, Director at Affirmative Finance