Saturday. Still waiting for the revised budget for the remodel. The priorities for the remodel have changed several times, but requirements haven't.
Thanks to the 203K funding program, I get money to do renovation upfront instead of having to take it out of savings or get a second home improvement loan. The cost of renovation is included in the original mortgage price. Uncle Sam did this for a couple reasons: 1) homes that have been foreclosed on usually need a massive amount of work prior to move-in and banks won't finance a home needing lots of maintenance. 2)It gives a future home owner a chance to buy a home not normally considered as possible. In some cases if all you have is a foundation, the 203K program will rebuild it. Think tornadoes or hurricane damage.
Priority #1 is now the crawlspace and downspouts. Every inspection has revealed more problems, from standing water under the house to a sewer line that no longer slopes the way it should, jeopardizing the flow of water from the bathrooms. All of the gutter downspouts once went into an underground drainage system but they have all become disconnected. Now rain water collects under the house. The back vents to the crawlspace have been covered over so air can't flow through the crawlspace and dry things. New gutters and downspouts, uncovering the back vents to the house, and getting rid of the water is the major issue to get fixed as soon as I close on the house.
While the crawlspace and drainage issues are being dealt with I've got to fix this sidewalk. Originally it was brick and concrete, then a layer of fake concrete was laid over the concrete to create a pattern. It's actually a roll on product that is glued on. It's coming off in piece. I have to remove all of it. The gutters are leaking the length of the sidewalk and most of this fake concrete has rotted. A big putty knife and sweat will bring it up. But I can't do that until the house is legally mine, the gutters are replaced and the water rerouted.
Still waiting.
Thanks to the 203K funding program, I get money to do renovation upfront instead of having to take it out of savings or get a second home improvement loan. The cost of renovation is included in the original mortgage price. Uncle Sam did this for a couple reasons: 1) homes that have been foreclosed on usually need a massive amount of work prior to move-in and banks won't finance a home needing lots of maintenance. 2)It gives a future home owner a chance to buy a home not normally considered as possible. In some cases if all you have is a foundation, the 203K program will rebuild it. Think tornadoes or hurricane damage.
Priority #1 is now the crawlspace and downspouts. Every inspection has revealed more problems, from standing water under the house to a sewer line that no longer slopes the way it should, jeopardizing the flow of water from the bathrooms. All of the gutter downspouts once went into an underground drainage system but they have all become disconnected. Now rain water collects under the house. The back vents to the crawlspace have been covered over so air can't flow through the crawlspace and dry things. New gutters and downspouts, uncovering the back vents to the house, and getting rid of the water is the major issue to get fixed as soon as I close on the house.While the crawlspace and drainage issues are being dealt with I've got to fix this sidewalk. Originally it was brick and concrete, then a layer of fake concrete was laid over the concrete to create a pattern. It's actually a roll on product that is glued on. It's coming off in piece. I have to remove all of it. The gutters are leaking the length of the sidewalk and most of this fake concrete has rotted. A big putty knife and sweat will bring it up. But I can't do that until the house is legally mine, the gutters are replaced and the water rerouted.Still waiting.
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