I just received our 3rd draw request. As of now, our house is 54% complete, which represents an additional 15% progress based on the draw schedule of our loan. This is on top of the initial 17% and subsequent 22% draws.
The main items this time around were:
- Cornice and Facia — 2%
- Finish Roof — 2%
- Rough — 4%
- Tubs — 1%
- Electric (Rough) — 2%
- Rough — 1%
- Furnace Set — 2%
- Insulation (Walls) — 1%
The total due was $84,074.40 plus an additional $1,680 to upgrade our insulation from fiberglass to blown-in cellulose. That brought the total of this installment to $85,754.40, with more to come…
Much of the progress in the coming months will be on the inside as they turn their attention to the drywall, trim, cabinets, etc.