The Minister said that going down the self-build route was an affordable option for aspiring homeowners and shouldn’t be seen as the preserve of those with deep pockets and grand designs.
A budget of £150,000 is adequate, in most instances, to get a three to four bedroom home built. The average cost of a ready-made home is now over £232,000.
Shapps pledged to double the size of the self-build sector and said that for the first time, anyone wanting to don a hard hat and build their own home from scratch – whatever their budget – would have the help, advice and support they needed to get started.
He said: "Last year, self-builders accounted for about 14,000 new homes in this country, more than many large commercial builders. Yet our self-build industry still lags behind much of the rest of the world, with the opportunity to build your own home seen as something only for a select few.
"That’s why today, I’m pledging to back the self-build boom and support the industry to double in size over the next few years. As well as a new website giving help and advice, we’re working hard to identify more land for development and have reformed the planning rules to stop people’s aspirations getting tangled in red tape.
"This package of measures is designed to ensure anyone looking to build their own home gets the support they need and with the numbers of mortgages available set to rise by a massive 141%, there’s never been a better time for people to lay their own foundations."
Ted Stevens, the Chairman of the National Self Build Association, said: "More than half the UK population would like to one day build their own homes, and around two million families are keen to get their projects off the ground in the very near future.
"The new self-build portal will help them figure out what, realistically, they can afford to build; it will explain how their budgets can go further if they team up with other would-be self builders or do a portion of the work themselves, and it highlights the parts of the UK where it can be cheaper to find a site and construct a home."
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