This is going to be a WHILE down the line, but I want to buy one of those log cabin kit homes and put it on a piece of land. Have any of you guys ever done that? Did you get a loan from the bank for the kit and construction? Ive read about them on the sites but I wanted to talk to a real person who has done this...
2006-10-19 06:19:08 · 4 answers · asked by katie-bug 5 in Home & Garden ➔ Other - Home & Garden
I have not done this personally however I am licensed in Washington to sell real estate and I know that there are certain obstacles to overcome when building a log home. The loans are special and usually a higher interest rate than stick built homes. I also know that the insurance is more expensive. It is nothing that money can't take care of. Also the ability to re-sell the home is harder because they are a special home that alot of people don't like. It is like a Victorian with alot of wall paper and special archecture. I like them personally but I also would suggest you check on the maintainance after it is built. Depending on where you are, you may have to keep up the wood every year. Could also be expensive. I have seen other kit home that are wood. They go together like like Lincoln logs but they are dimensional lumber that has been laminated with insulation in between the wood. The corners are staggard and so on. I have not checked into that to deep but it looks interesting. If you want to know more about log homes I could talk to my friend. Let me know.
Good luck with your choices.
2006-10-19 07:12:51 · answer #1 · answered by stullhead 2 · 0⤊ 0⤋
They are high.
Remember that the "kit" does NOT include plumbing, electric wiring/box, fixtures, insulation, foundation.
It is just the walls and roof. Probably the doors and windows are included.
The problem is not the loan, because the place where you buy it from will find you a loan, it is finding insurance.
The company will provide an insurance co but what options do you have for pricing other insurance? Hardly any.
Insurance co. do not like log homes.
Also refinancing to get a better interest rate could be a problem.
Good luck!
2006-10-19 06:31:14 · answer #2 · answered by HEATHER 4 · 1⤊ 0⤋
I am in a similar situation, but I'm going with a geodesic dome kit. I priced log cabin kits, and they were OUTRAGIOUS! A small cabin kit was priced at $18,000 for a building about 350 square feet. That's one tiny room, for almost $20,000!
A 45' diameter dome kit, which gives you up to 2,500 square feet on two floors with three bedrooms and two baths goes for around $25,000, and is just a nice home. So are log cabins, but the price difference for what you get is ridiculous.
2006-10-19 06:24:11 · answer #3 · answered by Anonymous · 0⤊ 0⤋
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2016-03-28 01:38:57 · answer #4 · answered by Anonymous · 0⤊ 0⤋