With suitable building land a premium and a lack of available property in many UK regions some homeowners are looking to their own houses and plots as development opportunities. Properties that possess large gardens or adjacent land with road accessibility and/or expansive driveways can provide the opportunity to build a house on your land.
When looking to build within your current plot there are several options:
Before embarking on your build journey there are some elements that are worth looking into:
When it comes to financing, personal circumstances will determine which route you go down; however, one possible route which may not be so obvious would be to undertake a joint venture with an interested party. Entertaining a joint venture with an experienced developer or builder could be the perfect match. In some instances, the builder will provide the funds for the build and then a proportion of the sale will be retained. As with all joint ventures, careful consideration would need to be given when choosing the right partner.
Upright Construction has worked with a number of homeowners to develop their land and successfully sell the new properties. If you’re looking to build a house within your garden click here to contact us and take your development opportunity further.
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