Chris C
Hi All, I’ve mentioned (can I say predicted?) this before, quite a few months ago, but a recent article in the NZ Herald seems to confirm, that we’ve finally reached the point where it does not pay to build your own house. Better value to buy one already built.
Sure, there will be circumstances where you just have to live on a particular section, with a special location or view. Or you have lots of money, and can’t bear the thought of living in a place you did not design yourself.
But for people on a tight budget, who just want a decent place to live, in a normal housing area, I suggest they should think very carefully about the risks of getting involved in the potential hassle, delay and cost overruns that a bespoke build often has.
And as the building industry declines, and builders need to cut prices on stuff they’ve already built to get cash flow, it just increases the risk that they will fold in the middle of your build.
Sorry to sound pessimistic, but this is the cyclical nature of the industry.