In the meantime, I am getting restless. I am dreaming of low cost ways to build something functional on my property in case my house doesn't come through. Since I can't seem to get financing for a building project, I have been eyeing my 401k.
Poor little 401K. It looks so scared. My latest idea is to get the local garage building company to build me a 24'x28' guest house. They will build the shell with shingled roof, paint, door, window, and concrete foundation for $20,000. Then, once I have a permanent building to build on to, I will hire the block wall company to build me a nice 40'x50' snake proof block wall for $6-10K. That means I need around $30k for the basic structure and wall. Then I would have to bring electricity over and hook up a water system and connect a drain to the existing septic system.
I looked at my two 401k accounts and I can only get a loan from one of them for $15k. The garage company website mentions financing but I haven't talked to them yet.
Anyway, that's what I am thinking about this week. I can't do anything until I hear about the house because that would mess up my current mortgage application so I will just continue to day dream of practical, structurally sound living quarters with running water and a block wall. Maybe someday...
Sounds like quite a good idea to me. But good luck with the house purchase anyway. It would be nice to be spoilt for choice.
Before you build would you be able to sell it as a home without water? Keep in mind all the options you might need in the future. Good luck. If it is supposed to happen it will.
Lizzie, yes, both options have their pluses and minuses but I am excited that I have options!
Howdy Anonymous! People do sell homes without water access here although they are worth less than with water. It would not be a real house though. More like a guest house or workshop. Something for people to live in while they build their dream house.
Are your neighbors still forming a well pool?
Bridgette, unfortunately no. They gave up and moved to Utah when construction loan lending dried up.
Post a Comment