It depends. At the moment, many self-built homes cost much more than buying a new home because the cost to build has increased drastically. Keep in mind that you need to pay for certain expenses that don’t add value. This includes but is not limited to: a plot of land, excavations, permits, inspections, building materials, labour, and other related costs. Additionally, whether a self-build is cheaper can depend on the home you’re using for comparison. For example, if you buy a house that needs lots of costly renovations, you may be better off building your own from scratch.