0:00 hey everyone and welcome to the first
0:01 module this is the 16 steps to building
0:04 your project in budget and avoid wasting
0:06 tens of thousands of pounds and we're
0:08 going to show you in this free training
0:10 so we're going to run through these fre
0:12 modules as I've talked about previously
0:14 and the first module is dream it Planet
0:16 the ultimate foundation for your project
0:18 so we're going to put in the foundations
0:20 to make sure that you build your project
0:22 in budget without was take tens of
0:24 thousands of pounds like most people do
0:27 so by going through these steps we're
0:30 going to show you today we've helped sha
0:31 and Kent save 20,000 at the planning
0:33 stage just by getting the right people
0:35 involved not wasting money not wasting
0:37 time and he's carrying out a project
0:38 which was an extension on an existing
0:40 property that it inherited a b
0:42 conversion and then putting in a new
0:44 road and three new self bu properties
0:46 which are going to be sold off
0:47 separately and we're currently going
0:48 through the planning stage with' Sean
0:49 now we've also helped Steven CF save
0:52 £35,000 when negotiating to buy their
0:54 plot of land we did this by arming them
0:56 with the knowledge of how much it was
0:58 going to cost them to build that
1:00 property and then the resale value of
1:02 that property that then gave them the
1:04 information to go back to the vendor and
1:05 explain that the property or the land
1:08 cost was too high and negotiate down
1:10 saving them £35,000
1:11 just at the buying the plot stage so
1:15 they built a four-bedroom house it was
1:16 in Selby had an integral garage it's got
1:19 solar panels it's got airs Source heat
1:21 pump so that's just another give you
1:24 another uh flavor for a project we've
1:26 helped deliver and by completing this
1:28 course within 5 days we're actually
1:29 giving you access to our pricing
1:31 schedule and we use this to save tens of
1:33 thousands of pounds with all our clients
1:35 how do we do this as you can see all the
1:37 items are here to price we send it out
1:39 to the contractors and this is obviously
1:41 specific to each project but you can
1:42 update it to be more specific for your
1:45 project and we can help you do that if
1:47 if you'd like to work with us and then
1:49 what we do is we send it out and we get
1:51 the prices to come back in once we get
1:52 the prices back in as you can see here
1:54 we put the prices next to each other and
1:56 we can see who's the most competitive
1:58 overall and then we can see who's priced
2:01 what item at what cost and what this is
2:03 highlights anomalies so as you can see
2:05 here this guy is ,000 pound more
2:07 contractor five then contractor one
2:10 although contractor one's most
2:12 competitive overall on the site
2:13 excavation is ,000 pound more than
2:15 contractor five so if we like contractor
2:18 one we can then go back to contractor
2:19 one and say oh you're in the running U
2:23 but you are a little bit heavy on site
2:25 excavation can you have a look at that
2:26 you're ,000 pound more than everybody
2:27 else you could do this on three or items
2:30 and some of them items may be 10 grand
2:32 difference you know what what we do is
2:34 we go back to them they negotiate them
2:36 down give them the opportunity to update
2:38 their price make sure they haven't made
2:40 an error and then they may revise their
2:43 price and we save tens of thousands of
2:45 pounds with our clients anywhere across
2:47 the country and throughout my career as
2:48 a Qs working for some of the largest
2:50 companies I've saved millions of pounds
2:51 using this technique so you get access
2:54 to this just by completing within 5 days
2:56 and unfortunately if you don't complete
2:57 within 5 days you do get removed because
2:58 this is for the action te takers we want
3:00 to work with action takers if you're
3:02 carrying out a pro project in
3:03 construction you're going to have to
3:04 take action to get it complete so just
3:06 by giving you that little bit of a steer
3:09 to get it complete we hope that you get
3:10 through the within five days you consume
3:12 the information which is going to be
3:14 massively valuable to you and save you
3:16 tens of thousands of pounds and some of
3:18 you hopefully will become our clients so
3:20 if you are interested it's about 12,000
3:22 to work with us depending on the size of
3:24 your project and that's mentorship and
3:27 support a lot of commercial support to
3:29 help make sure that you do things
3:30 correctly and you don't end up in
3:32 disputes or getting taken down the
3:35 Garden Path and paying too much for
3:36 anything to put it to put it bluntly and
3:39 we've found the clients that we're
3:40 working with we save easily
3:43 101,000 very very quickly but most
3:45 clients were saving 50 to £100,000 and
3:48 that's based on a £400,000
3:50 project so we're going to run through
3:52 these five steps today so setting out
3:55 your budget is step one so we're going
3:56 to talk about why it's important to set
3:57 out your budget and why you need to
3:59 think about your financial position and
4:01 potentially your credit score depending
4:03 if you're taking a lot of loans or
4:05 mortgages Etc and then we're going to go
4:07 to step two which is finding and
4:09 securing the perfect plot so we're going
4:10 to talk about how to find plots and
4:13 properties in your area that fit your
4:15 criteria and how to negotiate the best
4:18 deals on them because I know a lot of
4:20 people struggle with this step so that's
4:22 going to be great for you and then step
4:24 three is defining your vision and
4:25 estimating your final cost we're going
4:27 to talk about why it's important to
4:28 think about getting the designs car out
4:30 properly so you understand how much it's
4:31 going to cost you and and you understand
4:34 what you're headed into so that's going
4:35 to be covered in step three and then
4:37 step four is achieving planning
4:38 permission now this is a bit of a gray
4:39 area because planning permission across
4:41 the country they've all got different
4:43 stipulations in different buroughs but
4:45 we're going to give you a good overview
4:46 and give you a better understanding of
4:47 the planning process in step four and
4:50 then step five we're going to talk about
4:51 raising funds so if you're a self
4:53 Builder or developer we're going to talk
4:54 about the options that are available to
4:56 you and how to go about that okay let's
4:59 get into the the first step then so
5:00 establishing your budget so this is a
5:03 quick stat we're going to just flag up
5:04 to make you aware of how important this
5:06 stage is so 50% roughly of self-builders
5:11 over on budget by 20 to 30% so I'm
5:13 400,000 25% of that is £100,000 so you
5:18 can see how cost can get out of control
5:20 if you don't have a good standing an
5:23 understanding of where you budget needs
5:24 to be on the outset this is why we've
5:25 got this as the first step 14 to 20% of
5:28 people also abandon or significantly
5:30 delay their projects due to financial
5:33 planning or logistic issues so we don't
5:36 want you to become one of these stats
5:37 this is why we're doing the free
5:39 training and 90% of people who complete
5:41 say it's one of the best things they've
5:42 ever done and they enjoy living in a
5:44 home that they created so that's finish
5:46 on a good point so now we're going to
5:48 talk about getting a tool such as this
5:50 to lay out your financial position so
5:52 many of you have got savings some of you
5:53 have got assets so we need to understand
5:56 your fin you need to understand your
5:58 financial position when you go into this
6:00 understand what you've got available so
6:01 it's good to spend some time just laying
6:03 it out into a spreadsheet on paper so
6:05 you can understand where you are so the
6:07 first tab is talking about initial
6:09 savings so how much you've got in your
6:11 Banks so if there's two of you doing the
6:12 projects you've got two or three bank
6:14 accounts and how much you've got
6:15 available in them bank accounts you can
6:16 list out here this will total up at the
6:18 bottom and bring it to the front sheet
6:20 then if you got any stocks such as Tesla
6:23 uh any other stocks that Google anything
6:26 available off the stock market that you
6:27 can sell for this project you can put
6:29 these figures into here and then any
6:32 other liquid assets such as Bitcoin
6:34 cryptocurrencies a lot of people are
6:36 buying or investing in cryptocurrencies
6:37 these days so there's a tab available to
6:39 put it in there and just so you know
6:41 this is just an example this is
6:42 anybody's finances not my finances or
6:44 anybody else's and this is not Financial
6:46 advice but it's for educational purposes
6:49 only and some of you are property
6:51 developers so you've got hmos you've got
6:53 houses you've done flips before and you
6:54 may have Equity locked up into them or
6:57 available in them that you can release
6:59 for this project so you can list them
7:01 out in there and then now we're talking
7:03 about mortgages so you can go online and
7:05 use calculators and put in your Current
7:07 financial position how much you're
7:09 earning it'll calculate how much you can
7:11 loan for uh a potential build or a
7:14 mortgage against the house so that's
7:17 going to that figure is going to go
7:18 there I'll come through to the front and
7:20 then any other income sources that I've
7:21 not touched on you can put into this
7:23 element here and then the final tab
7:25 we've got like a forecast for the next
7:27 24 months so whatever date you open this
7:30 tab it'll come up here so this is saying
7:33 January um 2025 and it's forecasting for
7:36 24 months forward and then what you do
7:38 is in these in these uh boxes here you
7:42 put in your employment salary that's
7:44 available after you've paid all your
7:46 bills you've got £1,200 available to put
7:48 towards a project every month and so on
7:51 any rental incomes that are coming in
7:53 from your properties can go into there
7:54 that's available to put forward to the
7:56 project and what that does is totals up
7:58 over here and totals at the bottom and
8:00 that also brings to the front sheet then
8:02 what you've got is a complete sheet what
8:04 runs through your financial position and
8:06 this fires out a total that you've got
8:08 available so it gives you a good quick
8:11 insight to what you've got available to
8:12 carry out your project and your finan
8:14 current financial position so you've got
8:17 522,000 so you can carry out a self
8:20 build or even a bigger build and you
8:23 maybe get some construction Finance
8:24 depending on what you're looking to do
8:25 if you're a self Builder or property
8:27 developer but this is telling you what
8:29 you've got roughly available and it's
8:30 stting to set your sights on on on
8:33 what's feasible for you in your current
8:35 position also for some of you building
8:38 up your credit is a thing so like I said
8:40 this isn't financial advice but if you
8:42 haven't got any credit cards you might
8:43 want to think about getting a credit
8:44 card and using it and paying it off
8:46 immediately so you're not paying any of
8:47 the interest but what you're doing is
8:49 getting a credit score or credit history
8:51 which is building up your score so when
8:53 you come to loan money you're going to
8:54 be able to get larger loans and better
8:57 rates that higher your scor is and if
8:59 you do miss payments you need to try and
9:01 avoid getting it put onto your credit
9:02 score by sending them emails or sending
9:04 them letters asking them if they can
9:06 remove it coming up with genuine reasons
9:09 why for my reason once it was I missed
9:12 the payment on my water bill I was in
9:13 another country the reminder had come
9:16 through i' missed it I obviously got
9:19 back from uh the other country I brought
9:21 the account back up to speed immediately
9:22 and I sent them a letter and I said look
9:24 this is having an adverse effect on my
9:26 score please could you remove it this is
9:28 the first payment I'd ever missed and
9:29 thankfully y auction water did that so
9:31 there is ways to protect it the best you
9:34 can if you do get hit by a a detrimental
9:38 um issue I want to a better phrase so
9:41 think about building up your credit
9:42 score because it's going to help you get
9:45 the best rates at a late stage if you
9:46 need them for those of you who've got
9:47 cash available and you don't need this
9:49 this isn't really for you but just
9:50 making people aware who do need it so
9:53 tip one organize your findings into an
9:55 Excel spreadsheet template similar to
9:57 this tool or and create a clear
9:59 comprehensive budget plan you can do
10:00 this in the spreadsheet some of you
10:02 might not want to use an Excel
10:03 spreadsheet do it on paper but write it
10:05 down and understand your position tip
10:08 two check if there are any local grants
10:10 available or national grants available
10:12 such as the help to build equity loan
10:14 for self Builders there's the help to
10:15 build equity loan now it all depends on
10:18 the criteria if you fit the bill and if
10:20 it suits your sort financial position if
10:23 you want to go on our website which is
10:24 369 c.com and go to the resource section
10:28 look at the self build resource section
10:30 it's in there there's a link to the
10:31 government website where you can go
10:33 check your eligibility and see if it
10:35 fits the bill for your for your s Bill
10:37 project and then tip three ensure to
10:40 keep your uh payments up to date at all
10:42 times and if you are late on payments
10:44 please be in di dialogue with people to
10:46 make sure you protect your credit score
10:48 the best that you can so that's step one
10:50 now step two is finding and securing the
10:53 perfect plot this is where a lot of
10:54 people struggle so we're going to give
10:56 you some really good tips on how to do
10:58 it a real quick overview you so anybody
11:02 is looking to carry out self build or
11:04 development there's plots available
11:06 across the country now obviously
11:09 depending on where you're carrying out
11:10 the project is the availability of them
11:12 projects or the availability of them
11:14 plots and properties and the price so if
11:16 you're in London you're obviously going
11:17 to be paying a little bit more and if
11:19 you're up north Northeast you're
11:20 probably paying a lot less than what
11:21 you're paying in London you don't always
11:24 if you are a proper developer you don't
11:25 have to be building exactly where you
11:26 are you might be able to find somewhere
11:28 an hour an hour and halfway where you
11:30 can get better value for your money so
11:33 look at all options available to you
11:35 don't think you've got to build in your
11:37 area I would suggest if you can build
11:39 within an hour or an hour and a half
11:40 that's good because then you can get
11:42 them back and forth to the property but
11:44 they've also got factoring the costs of
11:46 travel when you're carrying out the
11:48 construction phase so one of the things
11:51 you need to be doing is using plot
11:52 finding tools and many people use these
11:55 tools so there's search land which is
11:57 meant to be really really good ltech
11:59 adland which I've used quite a bit I
12:01 think I think it's decent plot finder
12:03 zuper and right move now these tools are
12:05 available they've all got different
12:07 prices so you can go have a look at them
12:09 see which one suits you but what you can
12:11 do is use these tools to find plots of
12:13 land that above on the market and off
12:15 the market so when you're using them
12:17 it's like a Google map search you can
12:19 look at different properties and you can
12:20 see uh the red line boundaries of each
12:22 one and you can click on it and you can
12:24 get reports carried out and find out who
12:26 owns that property and then go to land
12:28 registry find where they live send them
12:30 a message so that's a really great way
12:33 to find off the market deals you'll see
12:35 people talking about this in different
12:37 um different adverts Etc that's
12:39 basically what they're doing they're
12:40 driving around the local area they'll
12:42 finding plots that look derelict or or
12:46 info plots they got they're not for sale
12:48 currently they're going on potentially
12:50 land search or they're going on land
12:51 registry finding out who owns that and
12:53 sending them a letter seeing if they're
12:54 up for selling it or if they're up for
12:56 letting you get an option agreement on
12:58 their
12:59 where you you put an agreement in place
13:02 that says that you're going to get
13:03 designs carried out to to get planning
13:06 permission and should you should you
13:07 secure planning permission you can then
13:09 execute the option agreement to buy that
13:10 land at an agreed price so when you're
13:13 going into getting the designs done you
13:15 know that that plot land is yours
13:17 subject to you getting the planning
13:18 permission paying the fee in the auction
13:20 agreement and that's what I've just done
13:21 with one of my clients recently another
13:24 thing you can do is go on to the plant
13:25 poal in the area that you're looking to
13:27 carry out your project if you self build
13:29 up all developer you can go on the
13:30 planning portal and you can see what
13:32 plans have been passed in the last
13:34 couple of weeks months and you want to
13:36 be checking this on a regular basis if
13:37 you're looking for land and looking at
13:40 things that have been pasted two three
13:41 years ago that haven't been developed on
13:43 so developers might have these on the
13:44 books and it doesn't quite stack up for
13:46 them financially but actually it might
13:48 stack up for you as a self-builder or a
13:49 smaller developer and they may release
13:52 that uh plot land because if they've got
13:54 planning permission on it obviously it's
13:55 higher value than letting it you know
13:58 overrun the period that they've got to
14:00 start building on that uh approved
14:02 planning um order um and you can buy
14:06 that plot land of them and that's
14:07 exactly what we've just done with one of
14:09 our clients kit and Luke they had a
14:11 client whose plan permission was coming
14:13 up uh to to the end and obviously he's
14:16 then a desperate seller or a motivated
14:19 seller not a desperate seller but a
14:20 motivated seller so more likely to do a
14:22 deal and we managed to negotiate a
14:24 pretty uh pretty good deal uh where now
14:27 they've got a plot land where we're
14:28 looking at getting seven uh new Builds
14:31 on there you can also drive around your
14:33 area so this was a development I was
14:35 involved with whilst I was doing my
14:37 professional careers of Qs so this was a
14:40 demolishment so you can see there was 13
14:42 properties here originally that were
14:43 demolished they were derate for some
14:45 time and when you drive around your area
14:48 you see these properties you can then
14:50 carry out a search or carry out a report
14:53 on them that property and see who owns
14:55 it and and just ask ask the question and
14:57 this is another great way like I've
14:58 touched on to get the off mark off off
15:00 the market deals because you're not
15:03 negotiating with somebody who's got two
15:05 or three different people potentially
15:06 looking to buy it you're you're jumping
15:08 in front of the line and you putting
15:10 yourself at the front of the queue and
15:11 you're doing a deal off the market you
15:13 know and potentially they might not even
15:15 be um uh uh a agents involved so there's
15:19 no agent fees so it's a saving for the
15:21 the vendor so all these things need to
15:23 be thought about so when you carrying
15:25 out a self build or a development you
15:27 need to think about the mean is in the
15:29 area so how close are you to you know
15:32 the trains is the bus runs in the area
15:34 is the schools in the area is the
15:35 hospitals there have you got enough land
15:37 available how close to the neighboring
15:39 hous is all these things won't be
15:41 consider considered because you want to
15:43 know what the work the living
15:44 environment is going to be like you also
15:46 want to know what the logistics are like
15:47 to get stuff into sight and out of sight
15:50 is it going to be feasible to carry out
15:51 that type of development depending on
15:53 what you're
15:54 doing and who's going to live in that
15:56 property if you are doing it as a as a
15:58 property development to sell on to make
16:00 a return on your investment who's going
16:02 to move into that property at the end
16:04 and are they going to be in an area that
16:06 they want to be is the you know is it
16:08 going to be students is the uh uh
16:10 University nearby all these things need
16:12 to be considered when you're looking to
16:13 buy this port land also for those of you
16:16 who are doing self builds custom builds
16:18 plots are now being made available so
16:21 redroad you know redro people the big
16:24 companies the big developers are
16:26 building thousands of houses the um what
16:29 they're doing is they're getting
16:30 incentives from the local councils to
16:32 make self- build plots available on
16:34 their big schemes so to get through
16:37 planning they're basically saying oh
16:39 we're going to build a thousand houses
16:41 but we'll make 20 plots available for
16:42 self-builders so this helps them to get
16:45 their planning for mission for their
16:46 thousand houses and it also makes plots
16:48 available for self Builders and this can
16:51 be good and has its pros and cons it's
16:53 up to you but uh I did see a case study
16:56 where that had been done and the people
16:58 in that Cas study enjoyed doing it
17:00 because they weren't the own only
17:02 self-builders they didn't feel like the
17:03 annoyance on the street if you like if
17:05 you bought an infi plot and all of a
17:06 sudden you carrying out a a pro a
17:08 construction project some people get
17:10 frustrated but because they were on a
17:12 larger site with other people carrying
17:13 out the self builds they felt like they
17:15 were in a bit of a community they had an
17:16 architect building next to them so they
17:18 were feeding off um his knowledge and
17:21 and getting the benefit of that and they
17:22 didn't feel like they were upsetting the
17:23 local community by building a a bespoke
17:26 oneoff plot in the middle of a INF INF
17:29 full site so there massive massive
17:32 advantages and disadvantages because it
17:34 was a tight site logistically it was
17:36 hard to get the stuff in from what they
17:38 were saying and uh the plot was meant to
17:41 be serviced so what this means is the
17:43 electric gas and water was meant to be
17:45 there at the boundary they moved in and
17:48 it has actually wasn't there so they had
17:49 a bit of an issue there so this is one
17:51 of the things that you need to think
17:52 about if you're going for these custom
17:53 builds is making sure the t's and C's s
17:57 stipulate exactly what's included in
17:58 what's not included so you understand
18:00 what you're heading into but just to put
18:02 this onto your radar these plots are
18:04 available so if there is large schemes
18:05 going off in your area it's maybe
18:07 reaching out to your Council re reading
18:09 the planning submission that's gone in
18:10 or the approval and seeing if there is
18:12 some custom uh build plots but you are
18:15 obviously dealing with um Li developers
18:18 and they're hard no so you've just got
18:19 to box clever make sure they don't take
18:22 you uh take you to the cleaners um but
18:24 yeah the pots are available so I didn't
18:26 know about this so I'm putting this on
18:27 there because I'm sure of you don't know
18:30 but these are an option for you self
18:32 Builders and then you need to think
18:33 about the ground
18:35 conditions so in construction one of the
18:38 massive things that affects the cost of
18:40 the build is the conditions of the
18:41 ground if you've got rubbish ground like
18:45 made up ground madeup grounds where it's
18:47 previously uh been back filled with
18:49 something that is't suitable to build
18:51 off so that means you might have to do
18:54 piles through you know piles which are
18:56 like um long pieces of concrete that can
18:59 be drilled in they can be uh uh they can
19:01 be drilled in or they can be casting
19:03 situ all different types of PES you can
19:04 do but they're much more expensive than
19:06 just pulling a straight trench and back
19:08 you know back filling it with some
19:09 concrete and putting a a strip
19:11 foundation in uh this raft foundations
19:14 all these different things are affected
19:16 by the ground conditions that you've got
19:18 and also depending how big your
19:20 development is you might be putting 10
19:22 or four 10 houses whatever you might be
19:24 putting in they're going to need
19:25 drainage putting in so you going through
19:28 the ground there if there's if it's
19:29 Rocky it's going to cost you a lot more
19:31 to dig them drained runs than if it's
19:33 just soil so you need to know the ground
19:36 conditions it's crucial that you get a
19:38 survey on the ground carried out before
19:41 you buy the plot of land to know what
19:42 you're headed into because you don't
19:43 want to buy a plot of land and then find
19:45 out you've got contaminated land or it's
19:47 really really Rocky it's going really
19:49 expensive to dig out your foundations
19:51 and and and dig out your your drainage
19:53 runs U depending on the size of your
19:55 site you know you could have a very
19:58 adverse effect on the financial so it's
20:01 crucial that you get these surveys
20:02 carried out don't be naive and and and
20:05 and miss this trick because it could
20:07 cost you tens hundreds of thousands of
20:09 pounds so keep that one on the radar and
20:13 then we're going to think about the
20:14 utilities so the incoming Services the
20:15 water the electric the gas and we want
20:18 to know where they're coming in why do
20:19 we want to know this because it costs
20:21 money to put them in so here you can see
20:23 in the top left hand corner we've got a
20:25 share trench now under the regulations
20:28 they go at different levels but if you
20:30 take them all down to the deepest level
20:32 you can put them in a shared trench this
20:33 is going to save you money because
20:34 you're only pulling one trench it just
20:37 means that you've got to be able to put
20:38 them in at the same time and back fill
20:39 it um you can see there's gas Water and
20:42 Electric in that trench and you want to
20:44 know where the existing services are
20:47 coming from before you buy the the plot
20:49 of land ideally because if they're
20:50 coming a long way it could cost you
20:52 anything up to a couple hundred thousand
20:54 pounds uh and that's not you know that's
20:56 just flagging up the risks as you can
20:58 see here this is a property I did with
21:00 um mad in Selby and you can see it's a
21:04 44 meter running cable now that costs
21:09 about1 15,000 with the trenching and and
21:12 putting in the cable but if it was from
21:15 the road to here it might have only been
21:17 3,000 now I have heard or read stories
21:21 on Facebook of people getting cables for
21:22 40 45 meter Runs put in for 3,000 so it
21:26 does seem like a bit of a lottery where
21:29 you are in the country and which um
21:31 which grid provider you're you're
21:33 working with but if you do find you've
21:35 got an excessive cost you need to be
21:37 questioning that cost um going back and
21:39 trying to get it down and if additional
21:43 infrastructure needs to be put in to
21:44 service that new plot sometimes the grid
21:47 will try to push that onto you and I do
21:49 believe there's some legislation in
21:51 place that means actually if they need
21:52 to upgrade the infrastructure the cost
21:55 is with the utility provider so just
21:57 make sure that you kick that back if you
21:59 do get that um but it's best to be you
22:02 know very clear on where the services
22:05 are when you're buying the plot of land
22:06 because it can have an effect on the
22:08 figures uh and what you don't want is
22:10 buying a plot of land and find out that
22:12 actually you thought it was going to
22:13 cost you four grand to put in the
22:15 services or 10 grand to put in the
22:17 services and it's now costing you
22:18 £60,000 which is very very feasible if
22:21 if you're not careful so keeping this on
22:23 the radar as you're buying your plot of
22:24 land is crucial and then you can use
22:27 these tools online which are very very
22:28 very good there's one on our website
22:30 which is probably better than the one
22:31 I'm showing you here but you can put the
22:33 square meter area of the internal floors
22:35 in so the ground floor the first floor
22:38 the second floor if you've got one you
22:40 can put the square meter area in so say
22:42 170 square meters in total put the post
22:44 coding uh and on the one on on our
22:47 website uh you can actually put in the
22:49 type of build is it a timber frame is it
22:51 an ICF is it traditional and then
22:54 that'll spit out a cost per square meter
22:58 for that particular area and tell you
23:00 how much it's going to cost roughly and
23:02 now this is an estimate this like I say
23:03 this isn't financial advice but this is
23:05 a good way of getting a guide stick to
23:07 see if you are in the right ballpark for
23:09 your sort of budget and range of your
23:11 capacity in terms of
23:14 finances and then you need to be getting
23:16 a feasibility study carried out I would
23:19 say get a professional to do this for
23:20 you uh save you a lot of time and it
23:22 shouldn't cost you too much money
23:24 depends on the size of your project and
23:26 they're going to run through all the
23:27 things that you need to think about in
23:29 terms of how much is it going to cost to
23:31 build so it's going to run through the
23:32 plot purchase phase any any professional
23:35 phase prelim cost insurance costs site
23:37 preparation costs building costs you
23:40 know give you a good understanding
23:42 contingencies all these things are put
23:43 into this to give you a good
23:45 understanding of how much it's going to
23:46 cost you to build it and then at the end
23:48 of it you can look at what's what's the
23:51 resale value of them properties and when
23:53 you do this it's going to spit out a
23:55 loss or profit so it's going to tell you
23:57 whether it's a Fe feasable uh project
24:00 for you to carry out to make a return on
24:02 and even if you are a self-builder you
24:04 don't want to be overspending at this
24:05 point you want to be making sure that
24:06 you building cost effectively because
24:08 you never know what's down the line you
24:10 may need to remortgage you need to
24:12 resell it so it's it's crucial that you
24:14 carry this out and we've used it to help
24:16 our clients go back and negotiate better
24:18 deals on the plot of
24:20 land so then remember when you're
24:23 carrying out buying a plot plot land
24:25 you're actually in a negotiation you
24:27 want to try avoid you know being in um a
24:30 bidding war that's why off the market
24:32 deals are the best if you can find them
24:35 obviously you've got to put a bit more
24:36 working but that's how you get better
24:38 deals is doing the work that other
24:41 people aren't willing to do and then
24:43 always remember to negotiate don't take
24:45 it on face value that it's it's worth
24:47 you know
24:48 150,000 go do run the numbers and then
24:51 negotiate down to where you need it to
24:53 be uh to come away for a Come Away with
24:56 a good deal on your hands
24:58 uh and if you are property developers
25:00 what you should be doing is putting in a
25:02 lot of offers you know when you finally
25:03 landed if it is over your price put an
25:05 offer in it that makes it stack up for
25:07 you it might be 50 grand less than the
25:08 offering price and they might say no but
25:10 as you know many deals fall through or
25:13 you may not know but many deals fall
25:15 through so somebody might have a deal on
25:16 the table it falls through and all of a
25:18 sudden they' spent that on the new boat
25:20 or car the deal's fallen through there
25:22 now a motivated seller you put an offer
25:24 in six months ago to come back to and
25:26 says your offer still on the table if
25:27 you say yes you then get the deal at the
25:30 price you wanted at so don't walk away
25:33 from deals that you want without putting
25:35 an offering even if it's lower than the
25:37 asking price and be be prepared to walk
25:40 away in six month it might come back you
25:42 know this is one of the things you if
25:43 you've read a lot about property um
25:46 flips H this is one of the tactics that
25:48 people uh talk about in the books in the
25:50 training so tip one understand your over
25:53 overall budget including both land and
25:56 bill costs
25:59 tip two consider factors like planning
26:01 permission whether the site is in green
26:02 belt or brown F areas or conservation
26:05 areas so I didn't really touch on this
26:06 much so Brownfield is where it's
26:08 previously been built on it's a lot
26:09 easier to get planning permission green
26:11 belt is areas like Farmland it's very
26:14 hard to get planning permission you can
26:16 get planning permission but it's very
26:17 hard needs to be very eco-friendly it's
26:19 something you need to be well versed on
26:21 if you go down line you need somebody
26:23 who knows that you're going to get
26:24 planing permission and then if you're in
26:26 a Conservation Area you need to think
26:27 about that because there's different
26:28 stipulations in them areas and it's
26:29 harder to get planning permission also
26:33 con consider the ground conditions like
26:35 I've said massive cost variations
26:37 depending on the ground conditions that
26:38 you got based on how much the drainage
26:41 is going to be how much the foundations
26:42 are going to be and also is the
26:44 utilities available and how close are
26:46 they to the boundary tip three avoid
26:49 over committing financially always
26:51 negotiate based on your total uh cost to
26:54 build and to buy the plot of land and
26:56 the potential real sale of the
26:57 properties so always keep that in mind
26:59 when you're buying a plot land whether
27:00 you're a s Builder or developer you want
27:02 to be making sure that you're not paying
27:04 above market and you should be paying
27:06 below Market where you
27:08 can so we've got step three defining
27:10 your vision and estimating the final
27:13 cost so here we're going to be going out
27:16 to the market speaking to designers or
27:18 Architects so what's the difference
27:20 between designers and Architects you may
27:21 be asking well an architect he's a
27:23 qualified architect he's been to um he's
27:27 been to universi probably done about
27:28 seven years training at University and
27:30 then he's been working in architect
27:32 practice he's probably registered with
27:34 the Royal Institute of British
27:36 Architects I think it's called
27:38 Reber and uh he going to cost a lot more
27:41 than a designer now a designer can carry
27:43 out designs you can get through building
27:45 control warranty providers with a
27:47 designer and it's based on their
27:49 experience so you could get a designer
27:51 who's better than an architect and you
27:53 could get an architect who's better than
27:54 a designer Architects are typically more
27:57 qualified more Tred TR But ultimately
27:59 it's all about the person and who you're
28:01 working with but we're going to be
28:02 sending this information out to them to
28:04 make sure that you get like for light
28:06 prices back based on their services or
28:08 their scope of their services so you're
28:10 sending out a design brief and in this
28:12 design brief you're going to list out
28:13 the address you know the planning status
28:16 what you're looking to carry out how you
28:19 know what is it going to be is it going
28:20 to be uh your primary residence a
28:23 holiday home are you doing a HMO what
28:25 are you doing carrying out multiple
28:28 sites uh multiple plot site is how many
28:31 bedrooms are going to be in your house
28:33 uh how many bathrooms are going to be in
28:35 the house the type of living areas it
28:37 going to be open PL separate uh Living
28:39 Spaces all these things are going to be
28:41 put into your design brief such as like
28:43 the exterior finishes it going to be
28:45 contemporary traditional all these
28:47 things are going to be thought about put
28:48 into your design brief to make sure you
28:50 get the right information back and what
28:52 this is going to do is going to help
28:53 them go away and understand exactly what
28:55 you want and also what's good practice
28:57 to do is put in the different phases
28:59 that you want planning what you want
29:01 pricing so do you want predes pre-design
29:04 phase do you want planning phase do you
29:06 want um building control drawings
29:08 warranty drawings construction detail
29:10 drawings and if you list out what you
29:12 want you know exactly what you want it
29:14 gives them a clear indication of how to
29:17 price it and they're all going to be
29:18 pricing the same schedule then and it
29:20 enables them to send back a quote that
29:22 you can check against and see who's the
29:25 most you know competitive and also who's
29:28 read your design brief correctly and
29:31 priced it in line with that so once you
29:33 get these prices back you want to be
29:35 carrying out analysis see what designs
29:37 have been put forth see what prices have
29:39 been put forth to you and do an analysis
29:41 and when you're doing that analysis
29:42 you're looking at have the reg design
29:44 brief correctly and understood what
29:45 you're looking to do what's the quality
29:48 of the design proposal and what is the
29:50 cost and you don't have to always go
29:52 with the cheapest you should be going
29:53 with somebody that comfortable working
29:55 with um like I said do don't always go
29:59 with Architects keep open minded to
30:01 designers depending on what type of
30:02 project you're doing is who you want to
30:04 get involved uh for for that particular
30:07 project in your budget constraint should
30:09 we say uh and then once you've picked
30:11 who you want to work with it's not
30:13 probably some way you should negotiate a
30:14 deal you might be a little bit cheeking
30:16 try and knock some money off but
30:18 professional fees not not a place I tend
30:21 to negotiate uh I tend to pick who I
30:24 want make sure it's clear what I'm
30:25 looking for to them and the price it
30:28 directly and then I'll do a deal with
30:29 that person uh and then once you've got
30:32 them designs carried out it's good
30:34 practice to get a good Qs or estimator
30:37 to run the numbers against the design to
30:39 understand how much it's going to cost
30:42 roughly this is an estimate how much
30:43 it's going to cost to carry out that
30:45 building based on the information that
30:46 is available at moment in time so to do
30:49 this they're going to want all the
30:50 ground reports they're going to want the
30:51 Architects designs and then you can run
30:54 the numbers on that particular design so
30:56 this is uh one that we've done for a
30:58 self build forecast for a timber frame
31:00 building so we've put all the fees in
31:02 there and this this schedule thing spits
31:05 out a number at the bottom it says 681
31:07 th000 to build this project in that area
31:11 with them ground conditions uh to the
31:13 design that was put to us so this then
31:15 tells that person are they in budget or
31:17 are they over budget and then they if
31:19 they are over budget they can then try
31:21 to Value engineer um the design to bring
31:25 it back in line with their budget before
31:27 they go to planning to make sure when
31:29 they go to planning they get the uh the
31:31 planning signed off based on a design
31:33 they can afford um and because if you
31:36 are changing things after planning you
31:38 might have to go back into planning to
31:40 get an amendment or a re a resubmission
31:42 so this is why it's good practice to get
31:44 this carried out and I get a lot of
31:46 people complaining about Qs is coming up
31:48 with silly prices
31:50 Etc if I would say get get somebody to
31:54 carry out this estimate for you and if
31:55 you're unsure on some of the rates or
31:57 some of the numbers put forth carry out
31:58 a check and interrogate yourself to make
32:01 sure you're happy with the figures but
32:03 it's you know it's it's it's effective
32:05 to get it carried out at this point
32:07 especially if you're doing a larger uh
32:09 development and looking for return of
32:10 that investment you need to understand
32:11 what the numbers look like and if you've
32:13 got an issue on that particular design
32:15 put forward by the architect or designer
32:17 so tip one create your design brief and
32:19 consult with seven several designers and
32:22 Architects to get
32:24 quotations tip two compare the
32:26 quotations and place your orders with
32:28 your preferred designer based on the
32:30 value of their proposal you don't have
32:32 to go with the cheapest always go with
32:34 the best person with the best valuable
32:37 uh the best value for your money is the
32:39 best way to approach anything the
32:41 cheapest is always not always the best
32:43 option sometimes they are sometimes
32:44 that's the best value but make sure
32:46 you're happy with the design and they
32:49 understand what you're looking for and
32:50 they're going to give you the correct
32:51 support based on your experience and uh
32:54 your
32:55 project tip three once you've got got
32:58 your drawings produced by the designer
33:00 get an estimate or Qs to carry out a
33:03 cost analysis on that and give you um a
33:06 project cost cost sheet so you
33:08 understand how much it's going to cost
33:10 you to carry out that project and you've
33:12 got a clear mind of what you heading
33:14 into and if you've got any issues you
33:15 can then adjust the design before you go
33:17 to
33:19 planning so step four achieving planning
33:22 permission so there's different planning
33:24 permissions you can achieve there's
33:25 outline planning and there's detail
33:27 planning so this is a drawing I've
33:28 actually done I've knocked up for a
33:29 client that I'm working for down in Kent
33:32 and this was looking at outline planning
33:33 for band conversion and free properties
33:36 and without land plan you don't need as
33:38 much information you don't need all the
33:40 elevations drawing you can go with a
33:42 plan uh drawing to scale showing them
33:45 where where you're looking to carry out
33:46 a band conversion any New Roads or
33:48 Pathways that are going in and the rough
33:51 size of the properties saying you're
33:52 building a free bedroom four bedroom
33:54 house so here we've got four three four
33:56 bedroom house and a two bedroom band
33:58 conversion going in and then you just
34:00 give them an overview of what you're
34:01 looking to do and they will approve or
34:04 disapprove um and if they approve they
34:06 will give you uh some stipulations that
34:09 you need to um appease to to enable you
34:13 to get a full planning at that point and
34:16 then if you're going for detailed
34:17 planning they're going to want to see
34:18 the elevations so these are the
34:19 elevations it's looking at the building
34:21 from each side north south east and west
34:24 and showing them exactly what the
34:25 building is going to look like from the
34:26 outside and it also typically the list
34:29 on the types of tows that you're going
34:31 to use and the exterior finish uh so so
34:34 the planners can ensure that it's inke
34:36 keeping within the
34:38 area and then they're also going to want
34:40 on detailed planning is
34:42 um sometimes a landscape uh drawings
34:46 there's a lot of information that they
34:47 may need in terms of reports getting
34:50 carried out and it's very different
34:51 across the country so I can't list
34:53 everything that you need in burs but
34:55 what you can do is go on to the local
34:57 portal in that area and pull off um the
35:00 list of items that they require for a
35:03 planning submission to be um assessed
35:05 correctly and as long as you take off
35:07 all the boxes in that area and have all
35:09 that information with your submission
35:11 you're not going to get rejected on
35:12 default so it's critical that wherever
35:16 you're working you get your hands on
35:17 that list and you take off all the items
35:19 because if if you need a bat survey
35:21 doing in that area and you haven't got
35:22 it done then by default you're going to
35:25 fail so it's crucial that
35:28 you get all this information you do your
35:30 research on that area on that uh burough
35:33 that Council understand what exactly
35:35 what they're looking for making shorts
35:37 in there so I've touched on there
35:38 different reports they're going to ask
35:39 for ground surveys drain surveys back
35:42 reports ecology reports net uh bio uh uh
35:47 net gain all these things need to be
35:49 considered uh but you know go on forever
35:52 with different lists the best thing I
35:54 can say is make sure you do your re
35:57 research on that local planning um
36:00 Council and find out the exact list of
36:04 stuff that you need to submit and take
36:05 off the list to make sure you've got it
36:07 done flood risks everything needs to be
36:09 thought about there and if you're in
36:10 conservation areas CGI are good because
36:13 they want to look they want to be a to
36:15 see what the building is going to look
36:16 like before you carry out the build so
36:19 here this is the CGI done for uh de
36:21 developer friend of mine um he was
36:24 extending his garage to put his nice car
36:25 in it and he's the conservation area
36:28 where where where we live up in North
36:30 Yorkshire for
36:31 Andale so I actually did this CGI for
36:34 him and helped him get through planning
36:36 permission it helped them see what the
36:38 building's going to look like and it it
36:41 and it helped him get planning
36:42 permission in a conservation
36:44 Conservation Area and I would suggest if
36:46 you carrying out a self-build it's good
36:48 practice to get a 3D model carried out
36:50 on your house they're not that expensive
36:52 if you shop about and get it done
36:53 correctly can anywhere from 3,000 to get
36:56 a detailed um 3D model
36:58 done and this is going to show you what
37:00 your your house is going to look like
37:01 from the inside so you can see the
37:03 kitchens you can see the layout you can
37:05 see uh the space that's available to you
37:07 and can you fit your furniture in there
37:09 and is it going to be in a living
37:10 environment that you want to live in and
37:11 if you are carrying out your dream home
37:13 you know I would suggest you get this
37:15 done uh and do this thoroughly because
37:17 then you're going to get a house that
37:19 you can build and you're not changing
37:20 stuff on site when you find out you
37:22 don't like the layout you know walk in
37:24 the building and say I don't like that
37:25 wall coming KN that wall down cuz that's
37:26 going to cost you a lot of Mone money so
37:28 spending a little bit money up front if
37:29 you're doing your dream home and getting
37:31 this carried out is probably good
37:33 practice so here I've just given you a
37:35 table of the different aspects of
37:37 outline planning detail planning so the
37:39 scope so outline planning seeks to
37:41 approve in principle for General concept
37:43 and scale of the development where the
37:45 detail planning seeks approval of the
37:47 entire development with all designs and
37:48 technical
37:49 details and this is we say I say
37:52 technical details it's it's more what
37:54 what the features are from the outside
37:56 not the actual technical structure ual
37:57 details but the details of the property
38:00 from the outside so they're looking at
38:01 the windows the doors the finish on the
38:04 on the walls the roof the pitch the the
38:08 exterior look of the building and then
38:10 the next aspect is level of detail so
38:12 obviously as I've touched on outline and
38:13 planning doesn't have to be as detailed
38:16 it can just be a plan uh and a brief
38:18 overview of what you're submitting um
38:20 and they're going to uh say you can do
38:23 that or you can't do that and give you
38:24 stipulations if they say you can do it
38:26 they're going to say you can do it but
38:28 you're going to have to meet this
38:29 criteria to get full planning and with
38:31 detailed planning they require full
38:34 information first time round what's the
38:36 elevations going to look like what the
38:37 materials that you're using what's the
38:39 Landscaping going to be and have you got
38:40 the list of documents such as flood
38:43 risks bat surveys Etc included in your
38:46 submission and then flexibility so
38:49 there's more flexibility with outline
38:50 planning so you can just say it's a
38:51 four-bedroomed house and then somebody
38:55 can come by that plot land and design
38:56 their four bedroom house how they want
38:58 it to look rather than how you want it
38:59 to look so it gives you more flexibility
39:01 to then sell that plot on if you bought
39:03 it as an investment to get outline
39:05 planning to put the value upon on that
39:07 plot of land and sell it and make a
39:08 quick quick sale so you less risk if you
39:11 do that because you're not building and
39:13 you might get you know you might make
39:15 100,000 pounds just by buying a plot
39:17 land for 100 grand spending 10 grand or
39:20 four grand getting outline planning
39:22 probably less than that grand getting
39:23 outline planning and and selling it on
39:25 for 150 Grand Grand and making a quick
39:28 50 to
39:29 100,000 so less flexibility with detail
39:32 planning once you put that in and have
39:34 approved it if you want to change that
39:36 you have to get an amendment depending
39:38 on how big that or significant that
39:39 amendment is if it's just changing the
39:42 type of brick it might be a minor
39:43 Amendment or if you're changing how the
39:46 look of the building is going to look
39:47 from the outside you probably have to
39:48 resubmit it and go through plan it again
39:51 so Le less flexibility with uh detail
39:54 planning uh more flexibility with
39:55 outline planning so Reserve matters so
39:58 this is the reserve matters that are put
39:59 on outline planning submissions so the
40:01 criteria I was touching on it's Reserve
40:03 matters that they call it so if you've
40:05 got outline planning for fall bedroomed
40:06 house the reserve matters that might be
40:08 in there stipulating stuff that has to
40:11 be uh met uh to enable you to get detail
40:14 planning so you'll get the outline
40:15 planning with the reserve matters and
40:17 that tells you what you need to do to
40:19 get detail planning to you've got to you
40:22 know meet the criteria set out in the
40:24 reserve
40:25 matters so you've got detail planning
40:27 there's no Reserve matters it will get
40:28 approved and as long as you build to the
40:31 specification or the drawing submitted
40:33 uh to the planning department you will
40:35 have any issues time for approval well
40:37 outline planning you submit that and
40:39 then you need to get detail plans so
40:41 obviously overall it takes you longer to
40:43 get uh outline planning then to full
40:47 planning might be a little bit less to
40:49 get outline planning initially but if
40:52 most of you I would say you're going to
40:53 go for detail planning first time
40:54 especially sales Builders uh because
40:56 it's much daughter and you once you've
40:58 got your submission in and approved then
41:01 you can start building when to use so
41:03 outline planning is typically used by
41:05 the larger developers when they're
41:07 carrying out large schemes they might be
41:09 building a thousand houses in an area
41:11 and they might only have the finance for
41:13 the first 300 houses so they get detail
41:15 planning on the first 300 houses because
41:18 they only want to pay for the detail
41:20 designs on them houses um but they want
41:23 outline planning for the next uh you
41:25 know two phases so they've got the full
41:28 scheme uh through planning but they've
41:30 only got detailed designs carried out on
41:32 the first phase uh and you can also use
41:35 outline planning if you like I've
41:37 touched on if you are looking to um if
41:40 you've youve inherit some land and you
41:41 want to put two or three self Builds on
41:43 there and you want to leave it open for
41:46 the self Builders to come and buy the
41:47 plot land and put their spin on the
41:49 design uh that's why you would go for
41:51 outline planning in that sort of
41:53 scenario and detail planning you're
41:55 going to go for if you're looking to get
41:57 get on with a build you're going to put
41:58 in your detail plans first time round
42:00 get them passed and then uh approved so
42:03 you can get on with your construction
42:05 phase so tip one talk to your neighbors
42:08 to gain support to reduce likelihood of
42:10 objections so people don't like
42:12 construction work going on most of the
42:13 time so it's good practice if you are
42:16 going to get planning submission put in
42:17 to go speak to your neighbors because if
42:19 they are going to object to it they're
42:20 going to object to it whether you speak
42:21 to them or not and the earlier that you
42:24 engage with them the quicker you can
42:25 find out if you're going to get
42:26 objections and then you can work out
42:28 what the object objections are going to
42:29 be and try and overcome them with your
42:31 design and by keeping people in tuned
42:33 with it they're going to be more um
42:36 supported of you and less resistance um
42:39 from them um so I've had instances where
42:42 you know people have been quite
42:44 resistant initially and then they've had
42:46 a bit of a say in the design and they've
42:47 been more supportive and not objected
42:50 once the submission have gone in so
42:51 that's something to keep on board
42:53 especially any well anybody really
42:55 self-builders or Developers keep the
42:57 local Neighbors on board because you
42:59 know you got to look after your
43:01 neighbors and by keeping them on board
43:03 other the doors you're going to reduce
43:05 the chance of objections so tip
43:08 two obtain detailed planning permission
43:10 first time round especially if your self
43:13 Builder uh or you're developer and you
43:15 are building on there just go straight
43:16 into for detailed drawing detailed uh
43:19 submission don't go for outline uh
43:21 unless you're looking to make a quick
43:23 book and sell it on um go for detailed
43:28 tip three if your plans get rejected
43:30 don't be scared to appeal a loads of
43:32 people get rejected a lot of the time it
43:34 isn't actually Justified so you have to
43:37 go through the reasons why it was and
43:38 then make sure you've met the criteria
43:41 in the planning um the local plan for
43:44 that area and if you have done you
43:45 should be appealing and uh a lot of
43:47 people get it overturned via appeal so
43:50 don't give up on your dreams prepared to
43:53 appeal uh and there highly it's highly
43:56 likely you will turn that I appeal as
43:58 many of my clients have
44:00 done so step five is raising funds so
44:03 we're going to talk about how to raise
44:04 funds whether you're self-builder or
44:06 developer so you're going to have to get
44:08 a cost analysis carried out to enable
44:10 you to raise funds so anybody who's
44:13 lending you the money is going to want
44:14 to know how much them building is going
44:15 to be worth once complete and how much
44:17 it's going to cost you to build them so
44:19 you need a Qs involved or an estimator
44:21 involved or somebody with the correct
44:23 knowledge to run the numbers to create a
44:25 spreadsheet that's going to tell you
44:27 whether this project is feasible for the
44:30 lenders to loan you the money against
44:32 and then you need to speak to a broker
44:34 at this point so you're going to speak
44:36 to a broker uh and they're going to tell
44:38 you what's available to you if you're a
44:40 developer you're going to be looking at
44:41 bridging loads construction finance and
44:44 like I said this is where credit score
44:45 comes into play the better credit score
44:47 that you've got the better deals you're
44:49 going to be able to get your hands on
44:50 the better assets set you got the more
44:52 money you're going to be able to loan
44:53 and if you're a self Builder they're
44:55 going to be looking at the cost of the
44:57 how much the value of the final proper
44:59 is going to be worth and how much it's
45:00 going to cost you to build it h and and
45:02 they're going to loan the money against
45:04 uh the potential value of the finished
45:07 property and once again your
45:10 um your credit score is going to come
45:12 into play here so all different things
45:15 to think about speak to good broker and
45:18 they're going to tell you the options
45:19 that you've got available but you are
45:20 going to have to have professional carry
45:22 out the numbers uh to help you secure
45:25 the the finances so tip one get a
45:27 quantity survey to provide you a
45:28 detailed cost plan to enable you to
45:31 provide the information to the lenders
45:33 tip two use a broker to work out which
45:36 route is best for you to ensure that you
45:37 get the best financial strategy for your
45:39 financial position so being open and
45:42 honest with the broker and telling them
45:43 your financial position and the current
45:45 assets that you got available he's going
45:46 to work out what's the best way to go
45:48 about it to get you the best deal tip
45:51 three ensure you do not miss any
45:53 payments so if you are taking out
45:54 construction Finance or mortgages don't
45:57 miss payments because it's going to have
45:58 a big effect on uh on your credit score
46:01 and uh potentially you could get
46:03 additional costs so it seems about an
46:05 obvious thing but if you are running out
46:07 of money on your build you need to be
46:09 open with the lenders as soon as
46:10 possible because sometimes if you
46:12 approach earlier and you've got genuine
46:14 reasons because there unforeseen on your
46:16 site such as the ground conditions
46:17 some's happened when youve dug some out
46:19 it's cost you a lot more money they may
46:21 be able to help you out the longer you
46:23 leave that the less likely that's going
46:25 to happen so what they do is the
46:26 allocate that money that they're
46:28 expecting to get from you to somebody
46:29 else so that money is now not available
46:31 and then you end up in a position where
46:32 they could potentially uh take the
46:35 property off you to sell it to to
46:37 recover their to recover their
46:40 money so that's it we've covered the
46:42 first module there I hope you found that
46:44 informative and helpful I'm sure you did
46:46 if if you've not been through that
46:47 process before that was dreamy Planet
46:50 the ultimate fation for yourself build
46:52 we've gone through setting out your
46:53 budget finding securing a plot of land
46:56 defining your VIs and estimating your
46:57 final cost achieving planning permission
46:59 whether that's outline planning or
47:00 detail planning and raising funds
47:02 whether you're self-builder or developer
47:04 so there the first five first five steps
47:07 on how to build your project in budget
47:09 and avoid wasting tens of thousands of
47:10 pounds remember you've got five days
47:13 we're going to give you the price until
47:15 by completing in five days you can use
47:17 this on your project to sa tens of
47:19 thousands of pounds like we do with our
47:21 clients across the country on our high
47:24 ticket program which is £12,000 starting
47:26 point to work with us we work with
47:27 people across the country on a mentoring
47:29 and support basis where we help them
47:31 through their projects streamlining the
47:33 process giving them the expert
47:36 information whenever they need it give
47:39 making them informed when they're making
47:41 the decisions and we found this is
47:42 saving tens of thousands of pounds like
47:45 50,000 minimum so £12,000 investment to
47:49 save minimum of £50,000 bit of a
47:51 no-brain so I hope some of you work with
47:52 us and if you don't you're going to get
47:54 the pricing schedule and you can
47:55 implement this on your self-build or
47:58 development to make sure that you are
48:00 getting the best prices available in
48:01 your area so you got 5 days complete if
48:05 you don't complete in the five days
48:06 unfortunately you will be removed from
48:08 the training and won't get access to the
48:10 price okay this is the next module that
48:12 we're going to run through Master
48:14 Builders how secure the best team and
48:16 prepare for construction give you a
48:18 quick overview before the end of this
48:20 module so these are the five steps we're
48:22 going to go through in the next module
48:24 first step is Step six planning your
48:26 build we're show you how to plan your
48:27 build and go from where you are now to
48:29 completion setting all the milestones in
48:31 place that you need to achieve along the
48:33 way to make sure you get to the end in
48:34 the most time and cost effective way
48:36 step seven is building control
48:38 warranties and utilities and we're also
48:40 going to talk about insurances and I'm
48:41 going to tell you how to secure all
48:43 these elements the best price and make
48:46 sure you get put in place at the correct
48:47 time to make sure you don't get in any
48:49 situations where you're unable to
48:51 complete because you haven't got them in
48:53 place and step eight is securing the
48:55 best contractors and material for your
48:57 project so we're going to go through
48:58 this methodically exactly how
49:00 professionals go about getting the best
49:01 contractors on board and negotiating the
49:03 best prices in your area and wrapping up
49:06 contracts so they're secure so when you
49:08 get to site you're not getting hit for
49:09 extras and then step nine is project
49:12 management CDM and health and safety I'm
49:14 going to tell you how to get all these
49:16 things in place so when you get to site
49:18 you've got all the correct paperwork in
49:19 place and you've mapped it out to make
49:20 sure you're carrying out your project in
49:22 a safe Manner and if anybody does check
49:25 up on site you've got everything in
49:26 place that you need under law to make
49:28 sure you don't end up in trouble and
49:30 then step 10 is preparing your site for
49:32 construction so we're going to show you
49:34 how to get your site ready for
49:35 construction and the importance of
49:37 whites it it needs to be done in the
49:39 correct way to make sure it doesn't cost
49:41 you tens of thousands of pounds by
49:43 relocating cabins Etc so that'll all be
49:45 covered in Step
49:46 10 and by using these steps we've helped
49:49 sha and picker and safe in excess of
49:51 £40,000 on his design fees and
49:53 contractor cost so we work with Sean
49:54 he's he's been in development for about
49:56 40 years and these are just some of the
49:59 some of the projects we've been working
50:00 with Sean in the last 12 months so he's
50:02 got an extension of garage there and a
50:04 couple of property flips that it's done
50:06 and then we've also helped Jenny
50:07 nunnington save in excess of 20,000 on
50:10 contractor cost helping her get the
50:11 right contractors on board and placing
50:13 orders to make sure she didn't get hit
50:15 with extras when she was on site so here
50:18 you can see Jenny's extension um in nton
50:20 it was at a kitchen downstairs with be
50:22 utility room to the front and upstairs
50:24 she's added an additional bedroom into
50:26 the property putting the value on the
50:28 property up and also giving her a nice
50:30 living space for her family so remember
50:33 by completing within five days you get
50:35 the pricing schedule we use it with our
50:38 clients to save tens of thousands of
50:39 pounds on every single project and I've
50:41 used it throughout my career to save
50:43 Millions all you've got to do now is do
50:45 your assignment so number one what's
50:47 your biggest takeaway number two what's
50:49 your biggest concern challenge after
50:50 watching this module and then the rules
50:53 are you've got to post your assignments
50:54 as required all the requirements are
50:56 list listed below so just read that
50:57 quickly and it'll tell you exactly how
50:59 to do it and if you don't do this you
51:01 are breaking the rules and unfortunately
51:02 we'll have to remove you from the free
51:04 training so please do your assignment
51:06 now take action and I'll see you on the
51:08 next module
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