How much does a Hangar Home cost?
This would largely depend upon the cost of the site, which varies depending on the location. However, since Hangar Homes first started addressing the UK and Ireland in 2016, the aim was to make them as affordable as possible so they could be enjoyed by the ‘many’ rather than the ‘few’. To that end, all Aeropark developments will incorporate these cost savings:
Tax Savings as the Serviced Plots (that includes the access road, mains services, concrete slab and hard-standing) are sold separately to the build, so little or no Stamp Duty Land Tax (SDLT) is payable thereby saving about £70,000 of SDLT on a completed home. Also, because they are new homes, there is no VAT on the build.
The External Shell will be constructed by the appointed contractor for all the units so as to comply with planning consent and building control, whilst reducing costs through the economies of scale. Also, these will be built primarily of Light Gauge Steel Framing (LGSF), which is about half the cost and weight of structural steel, and only requires a concrete slab for foundations. The specialist LGSF build contract for the external shell must be signed when completing on the purchase of the Serviced Plot.
The Internal Fit-Out can be done by the appointed contractor or any builder and indeed themselves if they wish, so that the owner can choose the finish and cost that best suits their budget, although a standard floor plan is provided.