Let's talk...Metal Shop Homes

Dated: 04/11/2019

Views: 269

As a REALTOR®, I have learned to appreciate the character and charm that every home has. Each home has different aspects of charm that is all their own. I sometimes wish that some of the homes I show could tell their stories (oh, the stories I would hear!). With that being said, as a person that gets to see many different styles of homes, I believe that every home style fits their owner’s personality. I am very intrigued with unique properties and one of the types of properties that has peeked my interest lately is “metal shop homes”. Maybe it’s because I am a little bit country (as some might say) but to me you get the best of both worlds with a metal shop home. You get a place to put all of your husband’s tools and toys and a blank slate that the wife (or interior designer in the family) can design to have everyone that walks through the front door say “Wow! I would have never thought it looked like this inside!” It also does not hurt that they tend to be more affordable to build. With me being interested in metal shop homes, I looked into financing. 

A lot of people, includig me, thought that financing such a unique property would be hard to do. I found that there is financing available for metal shop homes. I spoke to one of our local lenders, Monica C. Hebert with Iberiabank Mortgage, to see what insight she could give from the lending stand point. Here is what she had to say.

Residential financing for metal shop homes is treated the same as conventional construction home loans. “The only issue lenders that offer this type of construction financing may come across is with the appraisal. The issue is finding comparable sales for this type of property (similar metal shop homes that have sold recently in the area). If there are no comparable properties or very limited comparable properties, issues with appraisal cause issues with the loan and value. There may be a layering of guidelines for each individual lender for this type of construction so be sure to get with your lender when you start considering building or financing a metal shop home.”

For me, I will continue to be intrigued by unique homes and continue to keep metal shop homes as a possibility for me and my husband. If you have any questions about metal shop homes or would like to know about the metal shop homes or other unique properties we have on the market, feel free to contact me at 337-256-0028 or at rboutte@mcgeescott.com.

For questions about financing metal shop homes or any other type of property, contact Monica C. Hebert with Iberiabank Mortgage at 337-359-1676 or 337-967-3007 or by email at monicac.hebert@iberiabank.com.

Blog author image

Robin Boutte

Robin was born and raised in the New Iberia area. As a Realtor, Robin prides herself in delivering exceptional service while helping her clients with their real estate needs. She loves being a part of....

Latest Blog Posts

Let's talk...Metal Shop Homes

As a REALTOR®, I have learned to appreciate the character and charm that every home has. Each home has different aspects of charm that is all their own. I sometimes wish that some of the

Read More

Iberia Proud - Acadiana Dragon Boat Festival

There are many puzzle pieces that must come together in order to help a community thrive. One of those pieces is community events. A community will hold events for many different purposes such as

Read More

My First Year as a REALTOR

Has it really been one whole year since I have become a Realtor?  This year passed by so quickly, it seemed like a blur.  I guess like the old cliché' “time flies by when you

Read More

It's the most wonderful time in Louisiana-Mardi Gras season is upon us!

Mardi Gras is a tradition that dates back thousands of years to pagan celebrations of spring and fertility. It is celebrated around the world today in Brazil, Venice but most importantly the United

Read More