Going through a divorce but doing well with it. My only issues trying to choose a living situation. I’ve got a offer (that I can get out of) in on a nice home that I like but don’t love....it needs work. But my dream is to build a pole barn home on a nice piece of land. Has anybody on this board done that in the state of Kentucky? Wondering if banks will loan a small amount of money for something like this.
Off topic but need advice.....
- Thread starter nate0440
- Start date
Post this over on the Paddock. You might get more responses.
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@Nate0440
Man, I’m sorry about your divorce. My heart goes out to you. As far as your question being here on HOB, I think it’s perfectly fine (IMO). We all know you here and this is where you spend your time so I’m sure there are some knowledgeable folks that can give you some good advice.
I hope you get what you need and everything works out like you want.
KB
Man, I’m sorry about your divorce. My heart goes out to you. As far as your question being here on HOB, I think it’s perfectly fine (IMO). We all know you here and this is where you spend your time so I’m sure there are some knowledgeable folks that can give you some good advice.
I hope you get what you need and everything works out like you want.
KB
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Nate, have a friend from my west Ky hometown who built one, no idea of its purpose, but I’ll ask her.
Just get an apartment until you find what you really want.look for the land you really like them do what you want.You could run into other issues with a home you Don't really like.Sorry about the divorce.
I’ve honestly never been on that forum. Lol Ive always just stay on HOB.
I'm sure that a bank would loan as long as it was legal where you were building it, and if you have good credit and reliable income.
I just wouldn't pretend that it is for agricultural use instead of your actual homestead.
I just wouldn't pretend that it is for agricultural use instead of your actual homestead.
I’ve been on a couple of threads there, informative, you’ll see a few names from here over there and you’ll see some trolls for sure.
I live in the Jackson Purchase, near KY Lake, there are several of that type homes in this area, don't know about rear of the state. Sorry about your situation, 40 years ago I was in the same boat, time helps heal but it's still tough. Good luck.
Here’s her reply, a sharp, retired couple who returned to far western Ky from their careers near Norfolk, Va:
“We built a pole barn but paid cash. I’m pretty sure he’d be able to get a loan to build…several around here have. Were I to build another house that’s the way I’d go.”
My understanding is that the poor barn is mandatory with divorce at first. Good luck Nate, hope all works out well!
Went thru one 4yrs ago this month after 32 yrs of marriage. Sorry to hear you just went thru one.
@Nate0440 @Blueaz @fabcat
You guys know I like to bring hope and optimism to certain types of discussions. This one is no different.
I went thru a heartbreaking divorce 20 years ago. Some of the scars remain and at the time I thought it was the worst single thing that could ever occur in my life.
In retrospect, I can say with absolute certainty, that is was that event that launched my life into the wonderful place it is today.
So, what may appear as devastating at the time may turn out to be your break in life. It was for me and I hope the same for you.
KB
You guys know I like to bring hope and optimism to certain types of discussions. This one is no different.
I went thru a heartbreaking divorce 20 years ago. Some of the scars remain and at the time I thought it was the worst single thing that could ever occur in my life.
In retrospect, I can say with absolute certainty, that is was that event that launched my life into the wonderful place it is today.
So, what may appear as devastating at the time may turn out to be your break in life. It was for me and I hope the same for you.
KB
Thank you
Thank you so much! Really it’s just a dream of mine to live simple but with 2 young kids (10 and 2) pole barn home is prolly as close as I could get.
I feel like this will be the same!
My wife works in a bank loan department. She said as long as you have a bedroom, bathroom and a kitchen, they consider that a “dwelling”. So you should be able to get a loan for a building permit. But also said that banks are different from their old ways in terms of what type of loan they will give. It would help if you have a builder/plan when you go for the loan application. So they know exactly what you are planning. Good luck!..... with both!
Happy for you that yours worked out. Actually I’m very happy and enjoying being single. Ours wasn’t heated nor hate involved we actually still communicate. We probably should have been divorced many year before. But we had a children at home and we were not going to put them through that. It took 3 weeks for ours to be finalized. To this day it makes people shake their head at how fast and calm the whole process was. Our 3 grown kids and now our 3 grandchildren are feeling no effects of it. When you put the kids first it makes it a lot easier.
I built a barn for my artist cousin and half the barn was his home the other half was his horse barn. Lol his bedroom window had a wood shutter when opened his horse could stick his head in. Yes your bank will loan money on this as long as your appraisals all work. The one I built was two story with two bedrooms upstairs and the living area was open to ceiling. If I remember correctly the bank appraised his as a barn with living quarters. It actually can be quite beautiful if done correctly. My advice is to go to Winchester there’s a company there called Ky Steel Truss “no I don’t have any affiliation with them “ and they have photos of just what your describing from previous projects. You can google them for address. That’s where I’d start good luck in the future.
My divorce is the exact same, we actually are better friends now than when we were actually married.
Look into a Morton building. A guy I now built one that was 40x80. Front part is a 2 story house. That is amazing on inside. Back part is 40x40 open span shop. Has less than 70k in it
As far as from a lending side. A lot will depend on area planning and zoning as to what can be classified as a residence. If it’s jot a residence banks can and will still lend on it but it will have different rates and terms than a typical home loan.
As far as from a lending side. A lot will depend on area planning and zoning as to what can be classified as a residence. If it’s jot a residence banks can and will still lend on it but it will have different rates and terms than a typical home loan.
BTW guys/gals, I really appreciate all of responding with kind words. You guys don’t realize how much of a positive effect you guys have created with these responses. I know this isn't the place for threads like this but I consider all of as my brothers and sisters and appreciate all the help.
I hoped that good would happen in this thread. Nate, with a few positive words and a little belief you can do incredible things.
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We had one built on our farm. It was difficult to insure because it's a hunting cabin and not our primary residence. Insurers don't like three things, they don't like unoccupied dwellings, they don't like how far away these normally are from hydrants and they don't like heating sources like wood burning stoves that go along with alot of pole barns.
That being said, nobody but Ky Farm Bureau would insure ours. I'm told this is the norm. So save yourself some time when you are looking to insure.
That being said, nobody but Ky Farm Bureau would insure ours. I'm told this is the norm. So save yourself some time when you are looking to insure.
I've seen quite a few pole barn/homes around Nolin Lake. And some are pretty darn nice. So IMO, yes, you should be able to get a loan for it.
Lots of HOB guys are divorced. Y’all can still afford 9.95 a month, so I guess it’s not too bad.
If you have kids I would see what they have to say. They may prefer to be closer in the city limits than out in some isolated piece of land. Or not so far from their mother and what they are accustomed to.
Sucks going through a divorce, been there done that, but right now might not be a time for your dream home.
Sucks going through a divorce, been there done that, but right now might not be a time for your dream home.