BUILDING one’s own home (aka self-building) is most popular among people aged in their 50s and 60s – according to research published by a leading provider of market research and consultancy services within the construction and home improvement markets.
Says AMA Research, here, in a media release: “The main age group of self-builders is people in their 50s and 60s. They are of an age group where they are more likely to self-fund their projects by using either saving, equity release from an already owned property, revenue from the sale of a property or using properties as collateral against a remortgage.”
The release adds: “In around 50 per cent of projects, the clients are the ones who will take on the role of project manager.
“This will usually put them in control of such activities as sub-contracting tradesmen. Other approaches for self-build will be a contractor-led project, developer-led, turnkey package providers and also client DIY.”
The release also notes: “Self-build is one of the few areas in construction that didn’t have a dramatic fall off [because of the coronavirus pandemic]. The self-build sector only fell by eight per cent in 2020, which equated to 13,900 completions, with a market value of around £4.3bn.”
The release was issued to coincide with the publication of a ‘self-build housing market report, UK, 2021-15’, here.
Picture credit: Place Design Scotland