{"id":156927,"date":"2025-07-20T01:01:38","date_gmt":"2025-07-20T01:01:38","guid":{"rendered":"https:\/\/teknomers.com\/en\/building-homes-on-their-own-land-can-save-up-to-40-compared-to-buying-a-house\/"},"modified":"2025-07-20T01:01:39","modified_gmt":"2025-07-20T01:01:39","slug":"building-homes-on-their-own-land-can-save-up-to-40-compared-to-buying-a-house","status":"publish","type":"post","link":"https:\/\/teknomers.com\/en\/building-homes-on-their-own-land-can-save-up-to-40-compared-to-buying-a-house\/","title":{"rendered":"Building homes on their own land can save up to 40% compared to buying a house."},"content":{"rendered":"\n
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Building on Their Own Land: A Smart Housing Solution in Peru<\/h2>\n
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Building in their own field generates savings of up to 40% compared to buying a built house. (Photo: Andean agency)<\/figcaption><\/div>\n

In Peru<\/b>, a growing trend is changing how many families<\/b> access formal housing. The option of constructing on their own land through mortgage loans is gaining traction, leading to significant savings\u2014estimated between 25% and 40%\u2014compared to purchasing a pre-built house.<\/p>\n

This approach not only offers important economic savings<\/b> but also allows for the creation of personalized spaces tailored to each family’s needs and lifestyle.<\/p>\n

According to Microfinanciera Caja Piura, there has been a remarkable increase in the demand for this type of financing. In the first semester of 2025<\/b>, they disbursed over 8.4 million soles<\/b> in loans for construction on personal land. Liliana Lescano, head of products at Caja Piura, explained in an interview with Andina News that this growth reflects a sustained trend<\/b> toward more accessible and flexible housing solutions.<\/p>\n

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Construction on their own field generates significant savings compared to the purchase of a house. (Photo: Andean Agency)<\/figcaption><\/div>\n

The profile of applicants indicates a trend towards responsible financial planning<\/b>. The average amount requested is around 100,000 soles, with most applicants already owning land, which significantly minimizes financing amounts. This strategy mitigates high land acquisition costs and allows families to allocate their budgets directly towards construction.<\/p>\n

Among the most valued aspects of this method is the ability to design a personalized architectural project<\/b>, where rooms and spaces are tailored to fit family needs. “The construction on one’s own land is emerging as a crucial alternative to enhance access to formal housing,” Lescano affirmed.<\/p>\n

Beyond direct cost savings, this approach eliminates the commercial margins associated with real estate companies, thereby enhancing the effective utilization of financing<\/b>. Families can invest these funds to improve material quality or incorporate additional features that augment comfort and the value of the property.<\/p>\n

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Mortgage loans for construction. (Photo: Andean Agency)<\/figcaption><\/div>\n

Data from Caja Piura supports this upward trend, especially in peripheral urban areas<\/b> and developing neighborhoods where many families own land but struggle to build due to lack of accessible credit.<\/p>\n

This trend towards self-construction is also propelled by the growing emphasis on financial inclusion<\/b>, as microfinancers adapt their products to meet the needs of the local market. With lower entry barriers, competitive terms, and flexible deadlines, credits for construction<\/b> are becoming recognized as one of the most effective and sustainable solutions to combat the housing deficit in Peru.<\/p>\n

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Mortgage credit of up to 200 thousand soles from the Bank of the Nation. (Referential\/Andean photo)<\/figcaption><\/div>\n

Purchasing a lot<\/b> can be a worthwhile long-term investment. However, it also carries risks if proper precautions are not taken. In an interview with RPP<\/i>, Alfredo Lozada, manager of the Institutional Division of the Association of Real Estate Companies of Peru (ASEI), shared essential advice to avoid fraud when acquiring land.<\/p>\n