General Chat, Products & Comps <
22/01/2013 at 19:38
Has anyone done this or know anyone who has??
It's very early stages but we are thinking of buying some land from H's parents and building our our house. Basically they would finance the build up front and then we would buy the house from them at somewhere between build cost and market value. Meaning both us and the inlaws would make money. H and i would do all the organising/planning/designing.
The most difficult bit could be getting planning because of where their house/land is but last year a house was built on a plot next door to their land, literally the other side of the boundary fence to where we would build so that's hopefully a good thing. A good friend who is a planning officer is coming for coffee tomorrow so i'm going to ask her about it to begin with.
If anyone has any tips/ideas/experience i'd love to hear about it. Part of me wants to run screaming from getting involved in such a project with the inlaws but in the long run it could be brilliant for us. Both financially and having a house we'd designed.
22/01/2013 at 19:45
I haven't done it but know those that have. My cousin and her OH have done this and have built a massive house for themselves with a separate house for granny at the other end of the field! It took a long time to get planning permission for it, countless arguments with neighbours, about three times as long as they thought it was going to take and still lots of it isn't finished. But, for the size of house and money they paid for it you couldn't buy comparable. I guess the big things are financing, somewhere to live whilst it is being done so you aren't living on a building site and, as family and money is involved, some very clear paperwork behind you just in case. Round here I would say it is a great opportunity. Land is so expensive, houses astronomically so and you have said before how happy you are with your location etc for P. sounds really exciting! I have contact details for local architects/ builders if any of these are of interest.
22/01/2013 at 19:51
PIL built their house and we have some land that we're planning to build on (planning permitting!) in the next 5years or so, so I'll be watching this thread. I think its very exciting!
22/01/2013 at 19:53
Actually RS that would be of massive help!! We have A LOT of research, planning etc to do but inital plans/drawings etc would be something fairly early on. I think those sorts of people are often best found through word of mouth. Perhaps we can meet up for coffee with the babies one day??
The inlaws can easily finance the build upfront. What this means is that H and i could continue in our lovely rented cottage until the house was livable, ie only cosmetic work to be done inside. We wouldn't apply for a mortgage to buy them out until this stage so we wouldn't have to pay rent and the mortgage.
We'd definitely need to sit down and get a lot of things in writing with the inlaws, particularly finances. House prices around here are ridiculous, unless you look in the areas where we would not want her going to school. This option would put us in a house we design, in a location that sets P and future siblings up for schools and would also give us the option of buying further land from inlaws in a few years (the have 15 acres in total). It'd be a long road i'm sure but hopefully worth it long term.
22/01/2013 at 20:07
That sounds good AR. Drop me an email at robinsparklesmumdrum @ gmail .com (obv without the spaces!). Am afraid I am busy for the next couple of weeks but can do Thursday mornings from Feb (or weekends). Very embarrassing admission is that I don't drive so am afraid we'd need to meet centrally or at mine! The build sounds like a perfect solution - you lucky things!!
22/01/2013 at 20:49
Fab i'll do that. We have swimming at St Johns on Thursday mornings so can easily pop up to you after that, or into town :-)
Possibly lucky things - long old way to go!!
23/01/2013 at 12:11
Bumping incase any daytime hitchers have any experience
23/01/2013 at 12:48
As a building surveyor by profession I would say the following:
1) Make a pre-application with the council, costs about £30 and will save you wasting £100's of its a total no-go from the beginning.
2) Employ an approved inspector for building control approval rather than the local authority - they are generally cheaper, more lenient/reasonable, and dont have long protracted time frames.
3) I dont know what your H does for a living, but I would very carefully consider him project managing as well as being employed elsewhere. He would also need to have a good knowledge of what trades are needed when, to avoid you getting hit for delay and extra costs by a contractor if he prevents smooth buidling by not programming things properly. I would employ a project manager.
4) Make sure you get at least 3 quotes from reputable companies (recommendations) and dont necessarily take the lowest. Look for best value, quality, previous projects completed on time, materials they propose to use etc.
5) Employ a main contractor that will arrange sub-contractors himself, rather than employing all trades separately (as point 3 above) as then the buck stops with him, if his sub contractors fail to deliver.
6) Make sure you get a written contract in place e.g. JCT Minor works or intermediate (depending on complexity/value), a project manager will advise of this. Dont pay anything up front, a good contractor will have the cash flow to manage until he gets his first contractual payment after 4 weeks.
If you have any other questions then give me a shout. x
23/01/2013 at 13:17
Wow thanks porkchop that is very helpful!!!
My H is an accountant so whilst he'll be good with the finance side, he doesn't know much about the building trade! I've done a bit of research and it seems you can go from the extreme of having someone organise it for you from start to finish, to doing every single thing yourself. I imagine that money-wise somewhere in the middle is probably your best bet!
Is there any kind of timeframe for these things? I realise it depends on a million things, such as how long planning takes etc but some inlaws seem to think the whole thing might take years and years and other think you can do it all much faster. Is there an average time from planning to being livable?!
23/01/2013 at 13:29
How long is a piece of string?! Seriously though, definately not years!
I cant imagine buying the land off parents will be problamatic?!
If I was doing this for a client I would give the following programme:
Draw up plans and submit to planning - 4 weeks
Pre-Planning application - 6 weeks
Prepare detailed design (types of materials etc) - 2 weeks ( you dont need to do this, you can just get a contractor on a contractors design basis where he just has the drawings and fills in the blanks on detail himself)
Planning application - 8 weeks (during this time appoint approved inspector and get him to look at plans, also get quotes from contractors during this time).
Construction - 3-9 months depending on size, type of construction etc. Timber frame for example would be much quicker than traditional brick and block, the frame would literally go up in a day or two!
All in all a year or so should do it!
23/01/2013 at 13:32
Haha you clearly haven't met my inlaws
Seriously though that is really very helpful, thanks so much. My planning officer friend is coming for coffee later and has been doing some research for me on planning policy etc for our possible plot so it'll be interesting to see what she thinks/has found out.
Must. not. get .too .excited!!!
23/01/2013 at 13:42
A reason for it to take years would be if you didnt get planning permission and were stubborn about it and kept appealing!
But with advice from your friend, and if you go through the pre-application then you should get a pretty good idea of what the likely outcome is before you start.
Just give me a shout if you need anything.
Continues below ad
with our partner Childcare.co.uk
Nice to see you! Please do nose around, sign up and join in.