I think most people mean financial sense. Lets put it another way: is it cheaper building a house yourself versus buying a house from a builder?
This is a known fact that a house material to labour ratio is appoximately 40 to 60, that is 40% – material cost and 60% – other costs such as labour and builder marging. Builders of course, have wholesale advantage to an individual. They can buy materials cheaper, say 5 to 10 percent. Not a big deal. As I showed in Financing, I spent 50% on materials instead of 40% but I still saved 50% on a house by building it myself. I hope the reader understands that we are talking about cash here. If one takes borrowing of substantial amount of money into account, then savings are much bigger.
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- I think most people mean financial sense. Lets put it another way: is it cheaper building a house yourself versus buying a house from a builder?
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