Build It readers Simon and Mitra were able to create a lovely chalet bungalow on a plot that already had a run-down building on it. They weighed up the costs and value of the finished abode and decided the land had the right potential for their dream home
MATTHEW SMITH ARCHITECTURAL PHOTOGRAPHY
MIKE DADE
Mike Dade is a planning specialist and Build It’s land expert. He’s one half of Speer Dade Planning Consultants and has written several must-read books on plots and planning.
When you find a plot to buy, you need to know whether the asking price is reasonable and at what level you should pitch your offer. In short, you need to value it. This process is more of an art than a science, so we’ll look not only at how to crunch the numbers, but also at ways to evaluate them to arrive at the realistic figures you need.