With house prices now higher than they were even in the celtic tiger, building your own home is becoming more and more attractive. Prices in Dublin have sky rocketed with the pandemic making things even worse as building sites across the city were shut down for months at a time. With the average price of a 3 bed house in South Dublin being over €450,000 it is a stretch for most people, especially first time buyers. Alternatives are on the table such as shipping container homes which look pretty cool and are much more affordable.
Although these sort of homes look pretty nice, they reality is people are being forced to look at options like these over traditional houses because of the cost. You can get a shipping container home for €70,000 but you will still need the land and of course the heating and plumbing must be done on top of this. This is a fine option if you buy cheap land down the country but it most certainly would not be viable in any of the major cities.
You also have health and safety to look after when building your own home and this can be a rabbit hole you don’t want to go down. Insurance and other safety measures will add up. It is important that your builders are using the right safety equipment including steel toe safety boots, hi vis jackets and hard hats or you could end up in court.
All of this can be very stressful so you can see why people would rather buy a house rather than have to take on such a large project. Whilst you may save money you will have to spend a lot of your time managing the builders. This is not viable for a lot of people with full time jobs and can be a really stress.