House prices are at an all time high, and with prices continuing to soar, getting on the property ladder seems more of a giant leap than a step up. With so much competition and prices so high, many of us are turning to alternative ideas, including the rising trend of self-builds. Encouraged by the boom in property television shows, self builders are also being encouraged by the exciting new competition launched by Grand Designs Live. The UK’s leading contemporary home show has announced a new and pioneering ‘Self-Build on a Shoestring’ design ideas competition, organised in conjunction with the National Self Build Association (NaSBA).
Open to anyone, this brilliantly unique competition encourages people to design an innovative ‘self-build friendly’ home that can be constructed for less than £50,000. Entries are hoped to deliver a simple two bedroom home for less than this figure, and the overall winning design will be displayed at Grand Designs Live London 2014.
The guidelines stipulate that aspiring designers will need to showcase pioneering ideas and new concepts to prove that low cost homes can also be beautiful and sustainable too. The chosen winners will be rewarded with a share of the £5,000 prize fund.
If the £50,000 build budget seems a little small just take a look at the ingenious example featured in our picture gallery below and in the title image. The compact three bedroom house was self built in Ireland, it cost around £20,000 in materials and took just 50 days to construct.