First of all, I am so excited to have come across this forum! I have already read through several threads with lots of good information.
We are located in Oregon, and have decided we want nothing more than to purchase a piece of land and build our dream round home/yurt. We are financially at a place in our lives where we can do this, but only if we are able to purchase our land with financing our yurt. We know it will have to have a foundation and meet all codes, etc., but are having a hard time finding information on how this whole process works. For example, we have been pre qualified for an amount, so we know our budget between land and building, but are concerned they will not approve us once they realize we are wanting to build the yurt. We have been seriously considering using
out of Washington. They provide kits and engineer stamped plans, but we are wanting to hire a local contractor to build our walls instead of purchasing the kits, will this cause issues in getting approved? And will it even save us money to do it that way versus just purchasing the complete kit from them? (The one we are hoping for is their 40 foot diameter yurt which runs about 38,000) that includes all walls, windows, doors, and roof supplies. Which would leave us to have septic, electrical, water hook-up and certificate, interior walls and cabinetry, and foundation, amongst permitting and labor costs. I have read the rule of thumb is to estimate 3 times the amount of your kit as your final price... That seems high to me at 120,000? And I don't foresee the bank appraising the value that high when we have nothing to compare it to. Any tips, advice, or answers would be hugely appreciated.
Hannah
Looking for someone that has experience in financing a yurt as a permenant residence.
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