However, those who decide self-build is for them, have a unique opportunity to create a dream property from the foundations up, so it's not surprising that self-build is growing in popularity.
London, UK (PRWEB) September 7, 2009
70 per cent of individuals currently on the property ladder would consider designing and building a self-build property for their next move, according to Ratedpeople.com, the UK's largest match making service for home improvers and recommended tradesmen.
Despite slowing down since the mid 1990s, the self-build property market is still growing and is presently worth over £2 billion every year as well as being accountable for 13 per cent of all new houses constructed in the UK. Currently, 20,000 self-build properties are constructed each year - a 100 per cent increase since 1978 when the self-build phenomenon really started to take off.
Indeed, self-build properties offer many advantages. Undoubtedly, the freedom to design and create a home to suit specific needs and tastes in a location of choice is highly desirable. Furthermore, the potential financial gains can be significant, especially if a 'flat-pack' home is chosen which reduces build time and therefore cost.
Ottokar Rosenberger, Sales and Marketing Director of Ratedpeople.com, said: "Self-builds offer a host of advantages, including certain tax breaks, as they are zero-rated for VAT and exempt from capital gains tax when the self-build is sold. However, self-builds aren't for everyone and there are certain disadvantages that should be considered before the process commences."
"Self-build projects can be particularly stressful, time consuming and, if not managed correctly, finances can easily spiral out of control. Additionally, as well as higher a than normal initial deposit, finances tend to be released by the lender in stages as the build progresses, so organisation and keeping to a pre-arranged plan is of particular importance."
"However, those who decide self-build is for them, have a unique opportunity to create a dream property from the foundations up, so it's not surprising that self-build is growing in popularity."
Whether seeking anything from local electricians though to recommended builders and landscape gardeners, Ratedpeople.com can find interested tradesmen from 25 different trades for home owners who are looking to improve their properties.
Every month, Ratedpeople.com manages over £30m in home improvement projects with more than 1,000 tradesmen signing up, making it the UK's largest match making service for home improvers and recommended tradesmen. The site has more than 55,000 ratings to date and its system ensures that tradesmen are only rated by the customers who find them through the site. The result is one of the fairest and most robust rating systems on the net.
For further information on how to source a recommended tradesman in your area, visit Ratedpeople.com
Ben Leuty, Philip Keightley,
Tel: +44 (0) 1858 411600
Mob: +44 (0) 7974 141266