If you want a challenge and you want to really live the American Dream, it might be time to take on building your own home. It will be a lot of hard work, and it will take time, but that’s what the American Dream is all about – building something for future generations that you can create with your own hands thanks to the freedoms and choices you are able to have and make. It’s exciting, and it means you are completely in control. Here are some of the reasons it could be exactly what you need to do right now.

Better Value
Buying a house is an expensive process, and there is no getting away from that. However, there is a big difference in cost between buying a house and building one. Remember, when you buy a property you aren’t just paying for the walls and roof and everything within it – you are also paying arrangement fees, realtor fees, broker fees, taxes, and plenty more. Everything might be rolled into once price, but in the end, you are paying for a lot more than ‘just’ a home.

When you build a home, you can keep better control of what you are spending, and get far better value for money. There will be fewer fees to pay if any, and if might even be that you can build something bigger than you would ever be able to buy. It is certainly worth checking out the calculations to determine what can be done.

No Mortgage
Not everyone is able to get a mortgage. This might be due to past credit problems, for example, which happens to a far great proportion of the population than you might think; you can learn more here about those figures. Whatever the reason, or perhaps you simply don’t like the idea of having to borrow a vast sum of money and pay it back over decades, if you build your own home the need for a mortgage is reduced, or even negated altogether.

That doesn’t mean that building a home is going to be cheap, and you will probably still have to borrow in order to fund your American dream, but the cost won’t be as high as it would if you borrowed money for a mortgage, and that means it will be paid off a lot sooner. This is ideal if you want to retire early, for example, or if you want to travel or put your children through college, or do anything else with the money you will be saving in this way.

It’s Good For You
Building something from nothing and creating an entirely new home is good for you. It will give you a great sense of achievement and will show you that you can do anything if you put your mind to it. No matter whether you are doing the work yourself or you are engaging another building firm to do it for you, the idea was yours from the start, and that is exciting and fulfilling.

You are providing somewhere beautiful and unique for you and your family to live, and you are the architect of it all. That is something very special indeed, and you should be proud of yourself; no wonder a self-build is known to be good for the soul.

You Will Learn A Lot
It’s always good to keep learning throughout life; it keeps the brain active and keeps you feeling healthier and younger. It’s also fun to learn, and since no one knows everything, there are always new things that you can discover. If an opportunity to learn presents itself, you should take it whenever possible.

When it comes to the building of your new home, you will learn a huge amount. You will learn about:

• Logistics
• Building works
• Materials
• Time management
• Budgeting
• Planning
• Project management

You will also learn more about yourself and your family as individuals. By discussing what you want your home to look like, you will be able to find out more about what you all like and dislike, and what that means regarding your personalities and relationships.

You’re Adding To Your Local Area
When you build a new home somewhere, it is going to have an impact on that area and the local community. Try to make it a positive experience and ensure that your new building blends in as well as possible with the surroundings. You can then help to build that community and become a part of it.

You might even be able to employ local tradespeople to work on the building project and inject some funds into the area too. This can really make a positive contribution to the area you have chosen to call your home, and will help to boost the economy.