When it comes to homeownership, nothing beats the experience of building your home from the ground up as it gives you room to come up with a home design that fits your budget and specifications. There’s also sweat equity involved in the process.
You can decide to hire a contractor to build your dream house for you or you can choose to do it yourself. NSW Fair Trading defines an owner builder as someone who can do owner-builder work under a permit issued by them.
Where do I Start if I Want to Build a House?
First, you need a place to build your home, so do a local search of lots that are available in the area you’re interested in. In urban areas like Sydney, lots are hard to find and you might have to buy an old home and demolish it. In this case, you’ll have to factor in demolition cost to construction costs but it is better than having your home in a place that isn’t convenient for you.