Have you ever dreamed of living in house made exclusively around your needs and up to your standards but feeling it would be impossibly complicated and expensive?
Building a house in England is a cherished dream for many, a vision of crafting something uniquely yours amidst the rolling hills or charming villages.
Yet, as any seasoned homebuilder will tell you, the journey from dream to reality is fraught with challenges. However, armed with some lesser-known insights and the latest government updates, you could be closer to realizing that dream than you think.
Here are five critical facts that could make all the difference and a little final bonus.
1. Community Infrastructure Levy (CIL) Exemptions: Play Your Cards Right
Did you know that self-builders can be exempt from the Community Infrastructure Levy?
This levy, which can significantly add to the cost of a new build, is often overlooked until it’s too late.
To benefit, you must claim your exemption before work begins and occupy the property as your main residence for at least three years after completion.
Failure to adhere to these rules could see you paying back the levy, with interest, so it’s crucial to plan accordingly.
2. The VAT Back Door: Claiming Back on Building Materials
While most homeowners are familiar with VAT, many aren’t aware that they can claim it back on certain building materials when constructing a new home.
This can result in significant savings, particularly for larger builds. The key is ensuring you keep meticulous records and receipts, and that your contractor isn’t charging you VAT where it’s not due.
Timing and accurate paperwork are crucial – any mistakes can lead to lost savings.
3. Energy Efficiency Grants: Turning Green into Gold
In an era where sustainability is increasingly prioritized, the UK government has several schemes in place to encourage energy efficiency.
While these grants are well-known in the context of renovations, new builds can also benefit, particularly if you’re integrating cutting-edge energy-saving technology.
From solar panels to heat pumps, getting familiar with these grants could drastically cut your initial outlay, reduce long-term energy costs and give your indoor living a better quality.
4. Section 106 Agreements: Negotiating Like a Pro
Section 106 agreements, often associated with larger developments, can also impact self-builds, especially if you’re building in an area with tight planning controls.
These agreements are legal obligations between you and the local planning authority, and they can involve contributions to affordable housing, infrastructure, or other community benefits.
However, savvy negotiators know that these terms are not set in stone. With the right approach, you can potentially reduce your obligations or offer alternative contributions that are less financially burdensome.
5. Policy Changes on the Horizon: The Winds of Regulatory Reform
Recently, the UK government has been debating changes to planning laws, including proposals to simplify the process for self-builders and what could happen in the new “grey belt”. If implemented, these reforms could reduce the red tape and associated costs that often delay projects.
Here at Tholos Architects we are monitoring closely the latest governmental discussions that could affect your build.
Engaging with your local planning authority and staying abreast of these developments could allow you to capitalize on any new opportunities, making your build smoother and more affordable.
Who can help us make it come true?
Building your dream home in England is entirely possible, and with the right knowledge, you can navigate the complexities that often deter aspiring self-builders.
Every succesful project is backed by a great project team that you should put together.
These five lesser-known facts are an example of how a range of different experts can help you to actually save money, avoid common pitfalls and ensure that your vision becomes a reality.
After all, the home of your dreams shouldn’t remain just a dream.
We are specialised in architecture, planning and construction, with many expert consultants regularily working with us making our firm a one-stop-shop that can make your journey much smoother.
You can book a free consultation today to share your dream with us and talk about your most pressing questions.
Bonus: The "Help to Build" Scheme – A Financial Boost for Self-Builders
There is so much more to the world of self build!
One of the most exciting option for aspiring homeowners in England is the “Help to Build” scheme.
This government-backed initiative is designed to make self-building more accessible by offering lower-deposit mortgages and equity loans similar to the popular “Help to Buy” program.
With “Help to Build,” you can secure up to 20% (or 40% in London) of the build cost as an equity loan, making it easier to fund your project with a smaller upfront deposit.
This scheme not only lowers financial barriers but also gives you the flexibility to create a bespoke home tailored to your needs. If you’re serious about building your dream home, “Help to Build” could be the game-changer that turns that dream into a reality.
Are you inspired?
If you have a dream don’t let it slip away.
You can book your free consultation with an expert today, drop us an email or write a message in the contact box.
We will help you navigate the world of self build and make your dream come true.
“Buy land, they are not making it anymore.” – M. Twain