When building your own home, there is considerable potential for savings by doing the work yourself. Builders can save around 15 to 20 percent of the total costs if they are heavily involved in the construction of the house. These savings relate to labor costs, which usually account for 60 percent of the total costs. Material costs account for around 40 percent.
However, caution should be exercised when self-building, as not all construction work should be carried out by yourself. It is important to realistically assess your own manual skills and only take on tasks that can be carried out safely and successfully yourself. Experienced DIY enthusiasts can also buy and extend an existing house and - depending on the degree of self-build - save up to 50,000 euros.
Taking on construction work also requires additional insurance cover. It is advisable to insure family members and friends as well. Registering helpers with the construction employers' liability insurance association can protect against unexpected accident costs and help to minimize financial risks during construction. All in all, the following applies: doing it yourself can result in considerable savings, but builders should not underestimate the physical and mental stress associated with self-build.
© immonewsfeed
