For those of you that don’t know, we used the Tiny House Build “hOMe” plans for our build. We fell in love with the layout so much that we barely changed anything during the process- just did our own spin on styling. We’re beyond honored to have an interview published on the creators of “hOMe”, Andrew & Gabriella Morrison’s website. Thank you two for creating such an awesome and wonderful layout for so many people to enjoy. This house most certainly has changed our lives. I encourage everyone to visit their facilities, and register for a conference on a tiny architecture given at their auditorium recently built and equipped with Tiered seats.
Oftentimes, buyers find that some houses meet most of their needs, some meet a few and some meet none, but rarely does one meet them all. This creates the need to compromise and move some of your “must-haves” to “nice-to-haves,” but not deal-breakers.
Don’t feel like giving an inch on your wants and needs? Fear not, because if your perfect home isn’t available (or doesn’t even exist), you can build a new one. This allows you to create the picture-perfect home without worrying about the factors of buying a home that’s already been lived in. However, to finance this build, you’ll need to know about construction loans.
Construction-to-permanent loans are a financing option that prospective custom home builders can apply for. Like construction-only, construction-to-permanent financing are one-time loans that fund construction and then convert into a permanent mortgage. During the construction phase, borrowers make interest-only payments.
These types of loans can be much more expensive than traditional mortgages, so if you decide to go in this direction, shop around, compare rates and find the best deal before you pull the trigger. Usually when you build a home, there’s a general contractor who essentially acts as head of the whole operation. They make sure the framing people, the tile people, the wood floor people from Raleigh Flooring, the painters and so on all work in coordination to get your home completed (ideally on time and on budget).