FOLLOWING the recent changes to pension legislation, the organisers of The Scottish Homebuilding & Renovating Show expect to see increased interest in self-build in Scotland among over-55s.
Commenting, self-build expert, Michael Holmes, spokesperson for The Scottish Homebuilding & Renovating Show, says: “Now that people over-55 can access a lump sum from their pension pot, we expect to see an increase in interest in self-building among this demographic – who still have the option of a self-build mortgage.
“As well as providing an individually-designed home, a self-build is a great investment, worth on average, 15-25 per cent more than it costs.
“Self-build homes also are free of capital gains tax upon resale, providing it is a principal private residence and stamp duty is only payable on the land purchase, not the build cost or end value.
“Those looking to make a wise investment with their pension funds could do far worse than to invest in bricks and mortar. Buying land and building a home in Scotland for under £250,000 is perfectly do-able and would fulfill many lifelong dreams.”
Over 7,000 visitors are expected to attend the Scottish Homebuilding & Renovating Show, which is at the SECC on May 16 – 17 2015.
The Show, Scotland’s only dedicated consumer exhibition for self-builders, home renovators and improvers, will be packed with informative features, renovation and plot idea and thousands of products and services from over 150 exhibitors ranging from heating, ventilation, insulation to eco homes, home automation and timber frame structures.
As well as all the latest products and services, a team of experts, including Michael Holmes, will be on hand to provide free guidance and support to visitors for every project from first home alterations to a full-scale self-build, at 30 free seminars and masterclasses, as well as Ask the Architects and Ask the Experts dedicated advice areas.
The show is open Saturday 10am – 5pm; Sunday 10am – 4.30pm. For more information call 0844 8586754 or visit www.homebuildingshow.co.uk/scotland
Advance tickets, which can be booked until 3pm on Friday May 15, cost £8 and on the door tickets £12. Under 16s go free.
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