Progress Report: Construction is 54% Complete

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%
  • Plumbing
    • Rough — 4%
    • Tubs — 1%
  • Electric (Rough) — 2%
  • HVAC
    • 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.

Financial
0 comments… add one

Leave a Comment