Feb. 11th, 2010

johnpalmer: (Default)
Okay. Thank god - a full foundation is going to cost about half of what I'd been quoted.

But I was quoted a price that was "OMG, I can't even afford *half* of that!" And I can't, out of pocket, but I can put it into the mortgage.

So, next step: dig up quotes *fast*, get them to the bank and underwriter, see if they agree it raises the value of the house enough to cover the loan.

I got the contractor to understand that February 16th is, in fact, next *Tuesday*, not next Friday, so we need answers fast :-).

What if we can't? Then we can still fix the roof and electric, and I'll have to save up to do the foundation. But it's much, much easier to get it into the mortgage... strangely, saving up money for necessary upgrades seems much less important once you own the property. Anyone ever notice that? It's like how it's always easier (today) to come in to work early tomorrow - tomorrow, it's *much* harder!

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johnpalmer

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