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Founder's Log Home Blog

Wisconsin Log Homes Founder
"This blog is a great opportunity for me to
communicate with fellow log home enthusiasts.
Any ideas or questions for future blogs?
Please e-mail me...
I'd like to hear from you."

Dave Janczak
Founder of Wisconsin Log Homes, Inc.

Developing a Budget for Your Home  

Except for a fortunate few, building a dream home usually involves both a construction loan and mortgage loan.  Financial consideration can greatly influence the size and style of a new home, so it's best to talk with your banker or financial advisor early in the planning process. 

Get a clear idea of how much you want to invest in total and how much the bank is willing to lend you.  You'll also need to find out how much of a down payment you can manage and your mortgage limit.  You might think you can afford to make a $900 a month payment while your mortgage lender considers $800 more realistic.  It's best to fill out a financial statement with your local lender - it doesn't cost anything and will probably take less than an hour.  Knowing up front how much money you have to work with will save you a tremendous amount of backtracking, revisions and disappointments in designing a home you can't afford to build. 

It's important to be realistic about what you can afford, and design a quality home to fit your budget.  Your Wisconsin Log Homes consultant can help you determine what will work best for your needs to keep your home in balance with your budget.  Be up front with the people you are working with, and give them a clear idea of your needs and budget.  A reputable company will never take advantage of your budget; they use it to direct you in the right direction in creating and building a house that's perfect for you in all respects.  One of the biggest mistakes people make is designing too much house for their money because they were hesitant to verbalize what they want to invest.  Wisconsin Log Homes takes pride in knowing that we've helped families achieve their dream home, within their budget. 

To get an idea of what size house to design, take the money you have budgeted to build your home and divide it by the square foot turn-key construction cost in the area you plan to build.  The key is to determine your budget and then find a company who will help you achieve your dream home within your allotted budget.