Let's talk...Metal Shop Homes

Dated: April 11 2019

Views: 2746

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.

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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....

1 comments in this topic

  • Posted by amelia.dahl
    11/01/2019
    Thanks for sharing your experience! I've been searching for metal homes in my area and have found some inspiration at https://miramac.com/ - They have some of the highest-quality metal panels in the PNW.

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