Financing a 3D Printed House
Despite the fact that 3D printed houses DO reduce your total costs by a substantial margin, you might not currently be in the position to pay for a house outright. The good news is you can finance a 3D printed house the same way you would a traditional house. If you don’t have the cash, you can take out a mortgage on a 3D printed house the same way you’d take out a loan on a regular house. You’d have to go to a bank and apply for a mortgage or a loan.
Depending on your credit, you may be prequalified or preapproved to a special interest rate. Some banks even have special rates, or preapprove those that have a checking or savings account with them. Check with your bank to see if they can give you a special offer. Once you have the money, you can move forward with a lawyer to close on your house. Don’t forget your lawyer fees!
Closing on a 3D Printed House
If you’ve already closed on a house before, the process is the same. That means the length of time to close on the house is also the same. It can take over a month to set a closing date on a house, and some instances even longer if certain permits are pending on customized houses. While we will work hard to try and expedite the process of getting permits on customized floor plans, the town’s turnaround time is generally out of our control.
On closing day, you’ll meet with your lawyer, a lender, the seller, and if applicable, the real estate agents. Your lawyer will go through paperwork with you, you’ll sign documents that officialize you as the homeowner, and voilà, you walk out with a key to your new 3D printed home.