Over 14,000 people built their own homes in 2013 and this figure is set to rise. Grand Designs regularly pulls in over 3 million viewers an episode and over 100,000 people in the UK have subscribed to websites which let them know when plots of land are available.
If you have the time available to you, it is a lot cheaper to buy a plot of land and build your own home, than it is to purchase a pre-built house. However, the process isn't without risk, and this is where latent defects insurance from Bromwall can help.
Latent defects insurance provides protection against defects in buildings. When you build a house yourself it may not be immediately apparent that there are defections and unless you notice early on you could find yourself with a large repair bill. Latent defects insurance covers you for the cost of defective repairs after the build has been completed.
Policies usually run for a period of 10 years, which is usually long enough for defects to make themselves known. When you take out a policy you'll be covered for defective design, structural damage and waterproofing. Extra additions can also be taken out to cover you for electrical and plumbing issues, mechanical installations & a selection of other possible issues.