What I Personal: Property developer Richard, who constructed his personal home

We’re chatting to Richard this week (Image: richardblack.co.uk)

Ever questioned what it’s like to purchase land and construct your property from scratch?

For this week’s What I Personal, we’re chatting to property developer Richard who did precisely that.

He purchased land for £236,000 in 2017 and spent £500,000 constructing his dream house.

Richard needed to get a self-build mortgage to construct the home – that is what he has to say about his property journey…

Inform us about your self Richard.

I’m 46 years outdated and stay on the Suffolk/Norfolk border. I’m a property developer and podcaster who talks about property shopping for, proudly owning and growing.

The place is your property? 

South Norfolk – I adore it right here, quarter-hour from Norwich and 90 minutes from London (by prepare). The encompassing countryside is beautiful, we now have the Norfolk Broads on our doorstep and the native village and villagers are good.

Richard on his landing

Richard is a property developer (Image: richardblack.co.uk)

When did you progress in? 

I moved to the positioning in August 2017, then constructed the home as it’s now and moved in June 2020.

How a lot does your property value? 

The location value £236,000 – nevertheless it had a derelict outdated bungalow on it, which we lived in whereas our house was being constructed.

The home I’ve constructed value round £500,000 to create.

How a lot was your deposit? 

Once I moved right here I hadn’t offered our earlier house so I bridged – it was costly. I had a ten% deposit again then.

Richard reading a magazine

He’s basically constructed and designed his own residence (Image: richardblack.co.uk)

What’s the month-to-month value of residing right here now; each mortgage and payments? 

All in, it prices about £2,500 a month. The mortgage is small and the rate of interest is low – so we’re making overpayments which will increase our month-to-month bills, however does considerably erode the scale of the mortgage.

How did you save up in your deposit? 

Exhausting work. Taking over extra ‘freelance’ work along with our jobs and chopping again on ‘luxuries’ we might do with out to make sure we had the cash to purchase.

What was the method of getting a mortgage like for you? Did you discover any elements difficult? 

The self-build mortgage to construct the home was very difficult.

The lenders don’t need to be left with a half-built home, which they will’t promote on if you happen to fail or abandon the mission. Since completion, the home has been remortgaged on a standard home product with a identified lender and that was very simple – I used a dealer to supply the very best deal for my circumstances.

Richard in his kitchen

The location value £236,000 and he constructed the house for £500,000 (Image: richardblack.co.uk)

The place did you reside earlier than this – have been you renting or residing with household? 

I lived in North Suffolk and had simply completed renovating a 500-year-old listed cottage.

What made you need to purchase reasonably than renting? 

I’ve solely ever rented once I first left house aged 21 and was searching for my ‘first time purchase.’ I’ve all the time been a house lover and know that renting wouldn’t enable me to enhance a home in a manner that I’d need to.

How did you discover this property? What made you select it? 

Pure luck and a random web search. I knew I wished to maneuver, but in addition knew I didn’t suppose I might as a result of my current house hadn’t offered.

I selected the land due to the situation on the sting of a village, by a river, with a flat plot to construct my eternally house.

Richard in his kitchen

He used a dealer to get the very best mortgage (Image: richardblack.co.uk)

How have you ever made the property really feel like house? 

A number of the rooms have been designed to take the furnishings I like. I like a lot of pure mild, so the home is designed to make full use of the dawn, daylight and sundown.

I’ve learnt that bedrooms ought to all the time have materials that really feel good on the aspect of your face (like while you’re sleeping) so the bedrooms particularly are furnished with suedes, chenille and pretend furs.

What’s the inspiration in your inside decor fashion? 

Basic and informal. Smooth and welcoming. I’m not a fan of overly scientific appears, I like a settee to be one you may soak into reasonably than perch upon.

What’s your favorite room and why? 

I’m delighted with how the master suite and en-suite rest room have advanced. They have been the final rooms of the construct and I wished to spend an enormous period of time making them good. Comfy not cavernous and an area to noticeably calm down.

the wine fridge

Properly stocked (Image: richardblack.co.uk)

Do you’re feeling like you could have sufficient area? 

Completely. The home has three bedrooms – it doesn’t want any extra space.

Do you could have plans to vary the property? 

Not the home, consideration is now turning to the backyard and terrace areas. The home-front has open countryside, a wooden and a river. The wildlife is wonderful so it’s an actual problem getting any design to be sympathetic.

a lampshade

Bed room particulars (Image: richardblack.co.uk)

Are there any issues with the property that you must cope with?

All the pieces is model new and beneath guarantee so, in a phrase, no.

What would you like folks to learn about shopping for a house? 

It’s not simple and it’s not meant to be simple. If it was simple, and folks handled shopping for a home like shopping for a brand new coat, the trade and market can be in chaos. Be affected person and if it’s meant to be, it’s meant to be.

Richard black's land on day 1

The land on day one of many construct (Image: richardblack.co.uk)

What are your plans for the longer term, when it comes to housing? Do you propose to remain right here long run? 

I’ve had folks flip up on the gate and ask to purchase the home. It’s not on the market. Constructing your individual house is such an enormous journey I don’t suppose I might do it once more. I like this home, the situation and our native village.

As a developer I’m all the time searching for run-down homes to show into one thing particular, that’s my enterprise and expertise which is showcased on my web site.

We could have a look round?

the kitchen

The open plan kitchen-living area (Image: richardblack.co.uk)

the kitchen

Numerous room (Image: richardblack.co.uk)

the kitchen

He likes a traditional and modern fashion (Image: richardblack.co.uk)

the kitchen

Nice for entertaining (Image: richardblack.co.uk)

the living room

The residing area (Image: richardblack.co.uk)

the living room

With a beautiful view (Image: richardblack.co.uk)

the living room

It makes it appear even larger (Image: richardblack.co.uk)

the bedroom

The primary bed room (Image: richardblack.co.uk)

the bedroom

He pays £2,500 a month for his mortgage and payments (Image: richardblack.co.uk)

the bedroom

Richard says he has loads of area (Image: richardblack.co.uk)

another bedroom

One other bed room (Image: richardblack.co.uk)

another bedroom

And the third bed room (Image: richardblack.co.uk)

the landing

The touchdown (Image: richardblack.co.uk)

bathroom

An inviting tub (Image: richardblack.co.uk)

the bathroom

Folks have requested Richard if they will purchase his home (Image: richardblack.co.uk)

bathroom

The en-suite (Image: richardblack.co.uk)

bathroom

A double sink set-up (Image: richardblack.co.uk)

the garden

The backyard (Image: richardblack.co.uk)



Do you need to function in What I Personal?

What I Personal is a Metro.co.uk sequence that takes you inside folks’s properties, to take an trustworthy have a look at what it’s like to purchase a house within the UK. If you happen to personal your property and can be up for sharing your story, please e-mail [email protected] 

You’ll additionally have to be okay with sharing how a lot you’ve paid to stay there and the way you afforded the deposit, as that’s fairly necessary. 

If you happen to’re renting, you may participate too! What I Personal runs alongside What I Lease, which is similar sequence however all about renting. Once more, if you happen to’d wish to become involved simply e-mail [email protected]


MORE : What I Personal: Playwright Laura, who purchased a two-bed listed flat in Plymouth for £198,000


MORE : What I Personal: Enterprise proprietor and author Kaye, who purchased a two-bed flat in Brixton


MORE : What I Personal: Enterprise proprietor Rachel, who purchased her £1million Crowborough home in lockdown