Help to buy scheme, issue with valuation of self built house?

KingPanko

Has anyone had an issue with valuation of their self built house for the help to buy scheme? The scheme is limited to houses valuated under €500k however houses around me are mostly selling for over €500k therefore if I build a modest bunglow as planned (400k budget spend) it will definiety be worth over 500k on the open market

Mellor

https://www.boards.ie/discussion/2058418520/help-to-buy-scheme-issue-with-valuation-of-self-built-house

It’s limited to 500k, because if you can afford half a million. You don’t need help to buy. Or if you need help to buy, you shouldn’t be targeting half a million.

The price of homes around you will not significantly inflating the valuation of your house. You seem to be forgetting about land value. 100k land, 400k build. It’s not a big shock to see that be valued at 100k.

chooseusername

https://www.boards.ie/discussion/2058418520/help-to-buy-scheme-issue-with-valuation-of-self-built-house

Build a more modest house, <400k including site value, designed to accomodate future extensions. Get your HTB ,live with it for a while, then extend?