Standing Rule: Click on the photos for larger views.


Friday, August 03, 2007

The One Where We Change Our Plans

Now listen, you who say, "Today or tomorrow we will go to this or that city, spend a year there, carry on business and make money." Why, you do not even know what will happen tomorrow. What is your life? You are a mist that appears for a little while and then vanishes. Instead, you ought to say, "If it is the Lord's will, we will live and do this or that."
James 4:13-15

Time we have spent dreaming of building a dome home: 14 years

Time we have spent drawing plans, adjusting, and redrawing plans for our dome home: nearly 14 years

Time since we started searching for a place to build the dome home: nearly 3 years

Time since we purchased our property: 2 years

Number of times we thought we were going to build "this year": too many to count

We got an answer from the bank regarding a construction loan for the dome home. The answer was essentially, "no". One investor was willing to loan us 60%, which would leave us to come up with 40% out of pocket. There is no way on earth we can do that.

Another investor offered to finance it with an 8.5% interest rate. Also not an option.

So, we sat down, a bit dejected, and did some serious brain-storming. We agreed that we must move out there this year, but I must admit that I was pretty unsure of how that could happen.

And then I had an idea. A crazy idea. So crazy I almost didn't say it out loud.

"What if we did something totally nuts? You know, like building a temporary regular house with straight walls."

Building anything but a dome home is an option we have not been willing to consider, and we still are determined to build one, but we are going to do what it takes to get us out in the country, which at this point seems to be building a straight-walled house.

It's still a temporary solution. We figure we'll start with the straight-walled house (Phase 1), and in a few years we will start building the dome home (Phase 2) which will be attached to the phase 1 home. Phase 1 will then become a guest house for our friends who come from out of town, or who just need to get out of the city for a while. In the future, it may become an "in-law apartment" if such a thing is ever needed by our parents.

When we are ready to build Phase 2, we will have some equity in Phase 1 to get started, and from there we will build as we have the cash to do so. No bank required. It may not be a perfect plan, but we think it will work for us.

We have begun to work with a builder who does panelized homes by John Wick. We picked out a plan, got it approved through the bank and have signed with the builder. The house should be complete by October 21st.

Through all of this, I am becoming more and more aware of the truth of the passage at the top of this post. No matter the plans we make, his plan will always prevail. I'm not sure exactly why it has worked out this way, but that's alright. I know He has it all under control.



Blogger Leanne said...

That's really pretty.

I'm not understanding why they wouldn't finance it though. Is a dome a risk? Could you have taken the higher interest rate just through the build and then refinance at a lower rate once it was complete?

Sunday, August 12, 2007 10:28:00 AM  

Post a Comment

<< Home