Share the cost between family or friends
Many have found that by finding one or more individuals that share the same interest in having a log cabin, they can lower the financial burden on one individual. We know of many families who have purchased cabin kits together and have found it has been a great investment in real estate as well as their family life! It is important to keep some things in mind when investing together with others.
Take a mortgage out on the property
If you are looking to use the building as a vacation home or even as a primary residence, you may be able to get a home mortgage, at a very good rate. Mortgage rates are at near record lows with some at 5.25% and even lower. Take advantage of prefab home financing while the rates are low.
Borrow Money from a Relative or Friend
Some will look to borrow from a family member or a friend, but there are some very important things that you want to consider when doing so. We have pulled together a couple of free articles that can provide you with some very useful information when borrowing from a friend or relative for log cabin financing.
You can write a personal check
Writing a personal check is probably the easiest way to handle payment as it requires the least involvement of other parties, but it is also the least popular method of payment. A cashier’s check can also be used and you can get a cashier’s check at your local bank. There are times that we will request that you do make payment by cashier’s check.