Have you ever heard of this phenomenon, shome? We have, and we've seen some gorgeous ones. For those of you who don't know, a shome is a shop/home. At P1FCU, we refer to them as Shop/Living Quarters. Let's learn some more about these unique homes!
What can we consider a shome? Basically, it is when your residence is attached to a large workspace. These types of homes are convenient for those who spend a great deal of time in their shop and would benefit from being able to walk between their home and workspace easily. Unlike typical homes, shomes are built with more substantial materials, such as wood and metal posts. They are often less prone to the common pitfalls of traditional homes, such as moisture, mildew, leaks, and pests. Because metal is the main source of protection, it can prevent termites, raccoons, and other small animals from entering your home. Another reason people tend to build these styles of structures is that they favor the open-concept look and the freedom it allows when designing rooms, entryways, and windows.
There are a few issues that can arise when building a shome. Although the structure may be used for a shop, to be considered a shop/living quarters, it must meet all local building authority requirements. Another condition is that these homes within city limits should have utilities (water and power) available on or to the site, or must meet county requirements for a rural building site, including having water available or a well, along with access to power. Land without access to a public sewer will require preliminary approval from the building authority or health authority to install a septic system.
Would you like to talk more about getting into the shome world? We have several construction loan officers who are the best at what they do, and they would love to be a part of your mortgage journey. Learn more by visiting our Construction Lending page.
This is for educational purposes only and not financial advice.
