TEEN Mom Kailyn Lowry revealed she purchased a plot of land to build her dream home after selling her Delaware mansion for $840k.
Back in December, the mom of four had talked about how her bank loans were delayed due to the ongoing coronavirus pandemic.
Kailyn, 29, shared a snap of herself at a table and holding home plans as she revealed she had finally purchased a plot of land.
Along with the Instagram picture, she wrote: “Yesterday was a big deal for me.
“Huge thank you to @derealtorrush [a Delaware realtor] for always putting up with my shhhhhi…”
She concluded her post with #sold and #paidinfull.
It seems that with this new purchase, Kailyn will be able to build her dream home like she had talked about during her Coffee Convos podcast with Lindsie Chrisley.
She told her fellow blonde friend: “I’m under contract for land, and we’ll go to settlement next month. I’m super super super excited about it.
“I don’t know exactly when we’re going to break ground, only because I guess because of Covid, there are some banks that are no longer doing construction loans…
“That was news to me. I actually had a lender call me on Saturday… He was like let me double-check some things Monday and Tuesday and he was like I’ll get back to you next week.
“He was like I think that we’re good… but a lot of banks aren’t doing it or they’re not doing certain price ranges for construction loans.
“A construction loan at any time is more risky than a traditional mortgage, and then on top of it with Covid and then people losing their jobs or taking pay cuts, I think they’re slowing down a little bit.
“I have a weird income with the reality TV and stuff. It’s just not traditional… So I’ll have the land either way. I’m not doing land in a development. There’s no builder tie-in. It’s just like land by itself. I’m hoping to break ground in early 2021. But we’ll see. I guess it just depends on the bank…
Kailyn went on: “This is obviously a huge milestone in my life. I’ve been able to buy houses and sell houses- never thought I would be here. It’s a big deal for me, but I also want to be sensitive to what other people are going through. But I definitely don’t mind waiting.
“So if that means I can’t build in in 2021, I have my land. I think I’m actually closing on my land the same day I close on the sale of my middle town house… Like closing one chapter, opening another chapter and if that means I can’t build for another year, that’s just another year of savings for me.
“So that’s okay, definitely still a step in the right direction. I hope everyone is able to recover from 2020 in 2021. It’s fine if I have to wait another year, but I am excited. I do feel like I’m allowed to be excited.”
Earlier this month, Kail also revealed that she had sold her Delaware home for $840,000.
Kailyn made the announcement with a black-and-white Instagram photo of her walking through the empty hallways of the house.
Emotional from having to say goodbye, the Teen Mom told her Coffee Convos Podcast co-host Lindsie Chrisley that she “sat in the parking lot and cried for an hour.”
To the rest of her followers, Kailyn explained why this is such a big deal for her and what it all represents.
“I put building my dream home on hold when I bought this house and took a risk many wouldn’t understand.
“This house is the physical manifestation of both the lowest and highest points of my life – the best point being Creed’s birth.”
She continued: “I learned so much about myself and life in general through the extremes I experienced over the course of the year here.
“There’s so much more to my story & if you know me closely, you understand what I mean & what this represents.
“Closing this chapter for me means relief, optimism & confidence in future decisions. I am grateful for where I am now & being able to see the silver lining through it all.”
Kailyn closed out the note by thanking all of the friends that stayed by her side through all of the ups and downs.
Kailyn explained in season nine of Teen Mom 2 that Chris had failed to be a more involved father.
“Chris is not stepping up like I thought he would,” she said.
“I f**ked up, like that’s the bottom line, I f**ked up by moving. I made that mistake and now I need to correct it.”
She has four sons – Isaac, 11, Lincoln, seven, Lux, three, and Creed, seven months.