3 Tips for Finding a Plot on a Budget

While the cost of building your new home can be closely managed, plot prices vary wildly and become an expenditure that is out of your hands. It is this that makes the idea of building a home out of reach for so many. However, there are ways to find a plot on a budget.

Cedar clad self build on an urban corner plot
This cedar clad home has been built to make the most of an awkard corner plot in London

Consider a Replacement Plot 

Buying an existing home with the view to knock it down and rebuild has several advantages. The plot will already have planning permission of sorts, as you will generally be able to build a replacement dwelling to the same footprint, and often up to 30 per cent larger.

A dilapidated home will cost less, but if you purchase something you can live in for a couple of years, it gives you the benefit of getting to know your site. Seeing where the sun hits the house at various times of day, locating the best views, and experiencing the change of the seasons will give you incredible insight when you come to design your home.

Find an Infill Plot

Our towns and cities are surprisingly full of leftover parcels of land — often wedges of grass between two developments, or land owned by statutory authorities. These are great for building on, although their unusual shapes may mean your design requires extra imagination.

Look out for these infill plots on land being developed by volume housebuilders. They often have corners and triangles of land that can’t fit their standard home, and may be willing to sell them off for a bargain price

Convert an Industrial Building 

Under Permitted Development buildings such as offices, barns, schools and warehouses can be converted into homes. Permitted Development Rights mean that you can carry out certain changes to a building without the need for planning permission, and change of use to residential is one of these.

If you do not want to convert the existing building, gaining consent for change of use establishes the possibility of being able to gain planning approval to build a new replacement dwelling on that land. Once change of use is approved, you can reapply for full planning permission for a new build.

Read more about finding a plot on a budget.