Have you ever wanted to build your own home?

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 10 May 2019

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Many people say they would like to have a crack at a Grand Design of their own – or even a more modest one – but finding somewhere to build it is a problem.

That’s why despite self-builders typically turning an immediate paper profit of 15 to 30%, according to specialist BuildStore, not many of us take the plunge.

Things could be about to change for the better, however, as keen to encourage more people to self-build the Government has told councils to launch Right to

Build registers and make land available.

On this week’s podcast, Simon Lambert and Georgie Frost dive into the world of building your own home and look at whether the plan to raise self-build’s profile will work or fizzle out.

From finding a plot, to using an architect, and getting involved yourself or employing someone to build it for you, they discuss how to do – and the barriers that may stand in your way.

Plus Simon reveals how both his parents and his uncle - on separate occasions - went down the self-build route.

Also on this week’s podcast, the team look at whether pensioners should get a stamp duty break and if you can sell your home for less than it’s worth to avoid equity release and care costs.

Neil Woodford’s claim that his strategy will come good is in the spotlight and Simon reflects on whether sticking with his Woodford investments was a wise move.

And finally, Britain’s car buyers may love an SUV but we reveal why choosing one will hit your pocket harder than a good old fashioned estate car.

Transcript

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0:00.0	Welcome to This Is Money in partnership with NS&I. I'm Georgie Frost and with me in the studio today is editor Simon Lambert.
0:08.8	And this week we talk property. Why now might be a good time to think about building your own home.
0:15.3	Should pensioners get a stamped duty break for downsizing? And can you sell your house for a knock down price to avoid care costs?
0:23.7	Also today, time will prove me right, says Neil Woodford. Simon explains why he's not deserted
0:29.9	the Bleegood Fund Manager and the SUV penalty. How much picking a four by four will really
0:35.2	cost you at the pumps? Clue, it's a lot.
0:38.3	Don't forget, you can start up to date with all the latest breaking money news.
0:41.3	Just go to this ismoney.co.uk or download the app.
0:45.3	This is Money, brought to you in partnership with NS and I,
0:49.3	giving your little ones a head start with our junior ISA.
0:53.3	The first have you ever dreamed of designing and building your own home.
0:58.0	Perhaps you've been inspired by TV shows such as Kevin McLeod's grand designs.
1:04.0	Well, you wouldn't be alone, but more and more people are turning that dream into a reality.
1:09.0	The self-build business is booming, particularly among those near retirement, last year making
1:15.1	around 15,000 homes.
1:17.4	Now, that figure is expected to saw following measures to cut red tape.
1:20.8	So what are the pros and cons?
1:22.5	And how hard is it to do?
1:25.0	Simon, firstly, have you ever dreamed of designing and building your own home?
1:29.7	I'd love to build my own home.
1:31.7	What would it look like? Where would it be?
1:34.7	Well, I live in London at the moment.
	...

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