This website use cookies and similar technologies to improve the site and to provide customised content and advertising. By using this site, you agree to this use. To learn more, including how to change your cookie settings, please view our Cookie Policy
Pocketmags Digital Magazines
CA
Pocketmags Digital Magazines
   You are currently viewing the Canada version of the site.
Would you like to switch to your local site?
Digital Subscriptions > Argyllshire Advertiser > 27th January 2017 > Raising finance

Raising finance

What will it cost?

Everyone knows that when you buy a traditi onal home, you get a mortgage. But how do you go about financing a self-build, and how much will it cost when you factor in the land and the build?

This will be based on available savings, the likely profit from the sale of your existi ng home and what you can expect to raise on a mortgage. Traditi onally, around a third of the total has been devoted to purchasing a plot, with the remainder covering construction. At today’s land prices, 40-60 per cent is more likely to account for the plot, and in popular areas the percentage can rise even higher. Estimating the build cost will depend on the house size, the form of construction, the complexity of the design, the materials selected, local labour rates and the specific conditions of the site such as poor ground conditions that demand specialist foundations.

READ MORE
Purchase options below
Find the complete article and many more in this issue of Argyllshire Advertiser - 27th January 2017
If you own the issue, Login to read the full article now.
Single Issue - 27th January 2017
$1.39
Or 139 points
Annual Digital Subscription
Only $ 0.90 per issue
SAVE
35%
$46.99
Or 4699 points
6 Month Digital Subscription
Only $ 0.96 per issue
SAVE
31%
$24.99
Or 2499 points

View Issues

About Argyllshire Advertiser

Local news, sport and leisure INCLUDES FREE 24 page supplement - Self Build and Renovation

Other Articles in this Issue