Hi there,
I'm new to these forums so if there's more info somewhere about what I'm about to ask please direct me that way!
My husband and I are looking into building a house, we are totally clueless! We've had a chat to a few people about the costs that come up ect.
Where exactly do we start? We are thinking about seeing our broker that we brought this house through.
What happens with borrowing money? Will the bank just lend you X amount of money and as your property gets built they just pay the builders ect and your repayments increase?
How much money (roughly) is it best to have behind you? We aren't to sure whether we want to build soon or save for another year.
Land we are looking at is 150,000 house is 144,000. How much more money do you need (roughly) for things like extras, site costs, solicitors ect....
Obviously you can't give me an exact amount but just looking for a rough figure. Besides house and land how much more money there is involved.
Thank you