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We are coming in at 2,394 square feet. I wanted a home with at least 2,000 square feet considering we need space for the kids, so this one was perfect.
Mine's framing now - Its only 1800 sq ft. but I think that will be plenty room for just me and my cat. I did go with 3/2.5 for resale value though.
Hello,
Once building is underway, the construction loan is paid in agreed stages. Your contract with the builder may set out how much is paid at each stage, and the building will need to be inspected and certified at each stage to say the work has been done (and therefore has a certain value at that stage). If you’re borrowing quite a lot of money you may even need to get interim valuations done by a registered valuer.
@ucdcrew wrote:Mine's framing now - Its only 1800 sq ft. but I think that will be plenty room for just me and my cat. I did go with 3/2.5 for resale value though.
I almost went with closer to 1800 then came back off the ledge as I didnt need that extra space (media room basically is what I gave up). Just me and my cat too!!! Mine is 3/2
@Anonymous wrote:Hello,
Once building is underway, the construction loan is paid in agreed stages. Your contract with the builder may set out how much is paid at each stage, and the building will need to be inspected and certified at each stage to say the work has been done (and therefore has a certain value at that stage). If you’re borrowing quite a lot of money you may even need to get interim valuations done by a registered valuer.
Not my situation either. Were you responding to someone in particular?
Went house today because builder was hosting a get together. We got to meet our neighbors, who all seem to be great, but we were also met with surprise of a nice fresh hole on our lot! Hopefully they can get more work done next week but weather is supposed to be the greatest unfortunately.
Exciting!! As soon as we have something in the ground, I will update with a pic.
Another congrats to Junie! I saw in another post that you are closing in 2 weeks...pack those bags!