The richest in the world have made their fortunes in many ways, but there is one common thread for many of them: They made real estate a core part of their investment strategy. But there are some basics that will help ensure your investment matures and provides a good … Friends and family will enjoy their weekends spent in a rustic log house in the country. The Ascent's Best Cities for a High Salary and Low Cost of Living -- How Does the Real Estate Measure Up? Perhaps it’s not meeting the logs. But buying an older home typically entails a lot of sweat equity in the process of making the home your own. That dampness could lead to costly mold problems and also make it an uncomfortable place for guests to stay. A firm believer in educating readers without boring them, she … Will the COVID-19 Crisis Push Home Values Lower? You should … How you choose to decorate it is completely up to you. But you have the ability to make this good investment great by choosing steel siding over traditional wood. Field mice have no trouble getting into a space 1/4″ wide. How to Buy Your First Investment Property With 5% Down (Or Less), These REITs Are Immune to the Coronavirus' Impact, Cities and States That Have Paused Evictions Due to COVID-19, The Metros Where Retail CRE will be Hit the Hardest. The more you know about what it takes to properly maintain a log building, the more you can make an informed decision before you invest in the unique beauty of a log structure. Yes! But before you invest in a log cabin, be sure to keep these five things in mind. When I'm not fine-tuning the log home of my dreams, you'll find me at the corner of Good News & Fun Times as publisher of The Fun Times Guide (32 fun & helpful websites). Determine if the roof overhangs sufficiently enough to protect the logs from the weather. If your log cabin is located in a remote area or is difficult to access, the danger of fire becomes even more immediate. When considering buying an existing log home, it is important to go into the venture with your “eyes wide open”. Certainly, there are lots of good reasons to live in an old log home, but there are also a few reasons not to. One of the most well known personal finance authors is Robert Kiyosaki. I have also noted over the years that people who build a log home don't finish it off with cheap carpeting, sheet rock, and fixtures. 7) It’s an economical and long term investment. To date, I’ve written nearly 300 articles for current and future log home owners on this site! This can be a trick question because tastes and attitudes change among generations. When I’m not fine-tuning the log home of my dreams, you’ll find me at the corner of Good News & Fun Times as publisher of The Fun Times Guide (32 fun & helpful websites). © 2020 Continental Log Homes. We have created a page just to explore how and why to get a log home inspection before you buy:, © 2020   Created by Neighborhood Host. Selecting steel can bypass this risk because it is a material option that is fire-resistant. We often get calls from people who are looking at purchasing a log home for the first time. They were also very helpful when we ran into crazy interpretations of the codes by local building officials. Whether a log home is constructed in a remote, wooded area or in a residential suburb, it still provokes strong sentiments of the great outdoors, along with strong values like safety, tradition, and welcoming shelter. Log homes offer a more homey comfortable feeling than most modern homes do. Steel simply outperforms wood, enhancing your overall investment in a log cabin. You need to find a builder you can trust; someone with the years of experience and dedication to the craft who you know you can rely on. Become a member of Real Estate Winners and learn how you can start earning institutional-quality returns with less than $1,000. Water enters through the open cracks of the log ends and travels down the center of the log and into the house through the chinking. Before you build (or buy) a log home, I have a slew of helpful tips for you -- to plan, design, build, decorate, and maintain your very own rustic modern log home. You may prefer a rustic style of log home that feels like a woodsy cabin. There is a pretty big range of price points in log homes. Please check your browser settings or contact your system administrator or Log Home's Neighborhood Host. And the needs and desires of an imaginary future buyer can seem abstract in the present moment. Be aware that if the log ends (crowns) extend beyond the roof line where they can catch water coming off the roof, there may be problems with rot either now or in the future. Buying an investment property can really pay off in the long run. So it’s no surprise that log homes have an impressive following of homebuilders, designers and new homeowners seeking to invest in a quality home. Not all log home builders are the same. Whisper Creek produced a great product and even with our difficult delivery location they worked out the details. Then, you’ll definitely be happy that you made the investment! And if you prefer streamlined designs featuring sharp borders and compositional symmetry, you can enjoy a more modern-style log home that mirrors that of a sophisticated ski lodge. Sure, there will be some reassembly required, but that’s nothing compared to building an entire home from scratch. #6 – Log home doors and windows tend to stick with the changing moisture levels, and they don’t always return to normal. A good investment is something that will pay you more than you paid for it. Real Estate Investing: 10 Ways to Build Wealth. Value – The cost of building a timber frame home ranges from $50 to $80 per square foot, and will last for generations. You’ll just need the foundation and licensed trades people. Matt Edmunds -  Edmunds and Company Log Home Restorations, Share !function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0];if(!d.getElementById(id)){js=d.createElement(s);;js.src="//";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); Because of their timeless attraction, log homes are a safe style of house to invest in, as they are almost always sought after in the market. There is a reason you can visit long cabin homes that have been around for centuries: they are built to last! But sometimes, you'll find a log cabin close to notable hiking trails, ski resorts, or other attractions. Think about it… using resources to build big new “green” homes to save resources just seems ironic. There are 130 million existing homes in the U.S.; half were built before 1972. With a steady interest in and demand for log homes, you can be confident that it’s a home design that will remain popular in years to come. Simply click here to receive your free guide. A common statement is, “I am considering purchasing a log home but I really don’t know much about them. Old log homes can be a joy to live in, but — if you don’t do enough research ahead of time — they can also be a source of frustration. Before you build (or buy) a log home, I have a slew of helpful tips for you — to plan, design, build, decorate, and maintain your very own rustic modern log home. Save Create an account to save floor plans, photos, and articles. Also, a lot of vacation home renters want a property that's not too disconnected -- they still want internet access and cable. This prevention can begin even before you move into your home. So there’s no debate: log homes are a good investment. #9 – Although log homes tend to survive fires better than stick built homes, fire insurance rates could be higher than the cost to insure a traditional home in your area. Chances are, you will find some creative ways to mix the old and new. Compensation may impact where offers appear on our site but our editorial opinions are in no way affected by compensation. Log homes and cabins tend to have unique problems and often it takes someone who has specific expertise in log homes to be able to recognize these problems. Treating your Katahdin Log Home like the investment it is will reap rewards down the road. What’s The Worst Part About Living In A  Log Home? When you pick steel over wood, you can forget about repainting panels that have faded or replacing rotting logs. A Good Investment. Log cabins are normally found in the woods. Many of them have over 50K shares. The natural enemies of the log home include UV rays (sun), rain & snow, humidity, moisture from the ground, insects and other animals. Our buyers agree that a Whisper Creek home is a solid investment on many levels. We do receive compensation from some affiliate partners whose offers appear here. When you choose a Continental Log Home, you are choosing a home that you will enjoy for years... in fact, your timber frame home will provide enjoyment for many generations, ensuring a solid, sustainable value. Have questions or ready to get started?