Tuesday, March 8, 2011

Building a House

Our plan from the time that we moved here was to build a house.  Well, that's really freakin' expensive and I don't know if we're going to be able to.  We're in the process of having our house plans drawn up.  We know what we want but its a lot of square footage and we're not really willing to compromise.  We want a rambler, 3 bedroom, 2 1/2 bath house with a bonus area.  It might simply be out of our price range.

Also, can we get a construction loan with a mortgage on our current land in the amount of almost 88k?  I guess that I need to talk to a banker that does construction loans and see if a lender is willing to take us on as a risk. 

Maybe we never should have taken this on.  I might have jumped in way over my head.

4 comments:

  1. ND Chic, don't give up. Where there's a will, there's a way! Sometimes things just take a bit longer than we had hoped.

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  2. Building is scary but fun - we are in about the same place as you. Currently everything is with the mortgage broker and we should hear back tomorrow on approval....

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  3. Jan and Jessie, thank you so much. You're right, even if we have to wait a little longer, it will be okay and we will be in the end place that we want.

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  4. How much does it cost to building your own house? At least what are the costs that you need to consider?

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