Monday, October 25, 2010

Foundation

Footers and foundation have been poured over the last few days...with foundation going in today. One positive was that the near 80 degree temps today made for a solid day to pour. Last build, we had poured in late Nov, and it required a bit more work in covering everything up.

Now the challenge becomes scheduling more than anything...as the foundation can not really be backfilled for at least a week to allow it to fully setup and minimize any risk of a collapse. I know concrete about as well as rocket science, but apparently, this is standard, and more so on these narrow lots where backfilling consists of squeezing in about a 3-4ft wide space along the edge of the foundation and the neighboring houses.

Hopefully, will get the plumber out this week to do the underground in the basement. Then possibly backfill early next week. However, my 2.5 week delay has thrown off the schedule a bit, and a lot of my subs have other builds they are working on, so while the market is supposed to be bad - many of my subs say it has really picked up in the past 3-4 months. I am a little at the mercy of my framer - as the show goes as he goes - and he is on another job right now. We shall see...


Connor doing his inspection (and you can see the fun the foundation guys will have backfilling, as that sidewalk to the right is the neighbors...not a lot of space to get equipment).


The forms waiting for setup.



Concrete guys pumping in the concrete in the nice late October, near 80 degree day.


The pumper is not exactly a small piece of equipment.

Monday, October 18, 2010

Ahh, the Joy of Building

Would appear I jinxed myself with my overly positive post last time. As it wasn't but a few days later when we had anticipated closing on the construction loan that I get a call from my banker saying that due to a FDIC consent order, they can no longer loan out money. Its a lengthy explanation, however, basically, the bank is not doing well, and they can't lend.

So much for being ahead of scheduled and things running smooth. After a couple of days of calling other local banks, began to get the back-up financing in place. I was really never worried about getting approved - however, it was more of a question of timing - as in how long would it take to jump through the customary hoops to approval.

So far, it appears we will lose 2 and 1/2 weeks total - as we got derailed Oct 4 and hope to be back on site Oct 19-20. So not terrible - but given the time of year - far from ideal. We won't close on the loan for another 14-18 days - but it has been approved and through the underwriting hoops. Hopefully the weather averages hold to form, and the first measurable snow (1+ inch) doesn't hit unitl the avg (Dec 5th) or later.

In the end, the new bank will likely work out better than the other, as they are more local and it just seems to be a better arrangement

No pics, as no progress.