Contingency Contingencies
Rising building and labor costs started to pinch our budget and our remaining contingency fund, pushing us to look for margin.
Category: Money
Fourth Draw and Money Updates
Some budget updates after our fourth draw submitted to the bank, as well as overall budget numbers and targets as we started framing.
Construction Loan Closing
Finally getting our construction loan closing finished, including jumping through some more hoops at the behest of U.S. Bank.
The Build Contract
Finalizing our build contract with our custom home builder, and walking a middle ground between a cost-plus build contract and a fixed price build contract.
More Construction Loan Issues
The hassles of “go fetch this document” quests when dealing with a bank over a construction loan, particularly when the quests are impossible.
Construction Loan Procedure
The process of getting a construction loan for the construction of a residential home, including lots of scavenger hunts for documents
Second Budget
Trying to figure out whether the second budget produced by our architect and builder was overly optimistic or had some bearing on real life
Construction Loan: First Steps
Beginning the process of securing a residential construction loan, including considering the different loan options and submitting financial paperwork.