The 10 most dangerous points in self-building

Matar Al-Shammari

1- Lack of buildable land, especially in major cities.

2 - Lack of liquidity and reliance on real estate financing only and in the event that the amount of financing is not enough to complete the construction 100% do not falter and stop construction due to lack of liquidity.

3 - Implementing the idea of building.

3 - Implementing the idea of self-construction before consulting a specialized engineering office to obtain the cost of construction

before consulting a specialized engineering office to get a preliminary construction cost

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4- Obtaining mortgage details before applying for the free land grant from the Ministry of Municipalities and Housing so as not to lose the opportunity for support.

5- Overpaying for the free land grant from the Ministry of Municipalities and Housing.

5- Exaggerating the building area and being higher than your financial capacity and liquidity available to you

5- Exaggerating the building area and being higher than your financial capacity and liquidity available to you

6- <6 - In the event of default in construction, it is difficult to find solutions to exit this product.

7 - Subsidies and bank payments stop if the construction is not completed within three years, and the construction may falter and stop if additional liquidity is not available.

8 - If the construction is not completed within three years, the construction may falter and stop if additional liquidity is not available.

8 - If the salary is average or less, i.e. 15,000 thousand and less. <9 - Sudden changes and circumstances in the construction phase, such as rising prices of building materials and labor. 10- The contractor's delay in construction can cause the suspension of payments from the bank.

10.

Specialist and interested in real estate

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