So last week we had our inspections and got the heat turned on (woo hoo). So the work has started on the finishing. The insulation and drywall have started. We picked out tiles this week too.
As far as the 203k process, my GC is working away (two months now) without any payment. To get payment, you need to submit a Draw Request. This is completed by the 203k Inspector. He/she makes sure the work is complete and to code. They do not pay you for any work not yet completed. (For example, I have ordered the appliances and Sears is holding off delivering them. But they are not 'completed' until they are installed. So even though they are paid for, the bank won't release the money until they are installed. I am sure some shady investor purchased top shelf appliances, got the check and then put cheap ones in, so now this is the process.)
The initial 203k inspector told us to submit our first Draw Request after we have our permits and are about 1/3 of the way through. The gas line was the biggest hurdle we had. Without gas, we had no heat and without heat not much work can get done. Its been a (depressingly) chilly spring with cold nights so heat was more than a requirement. If we had submitted our Draw Request earlier a lot of the work would not have been completed enough for the inspector to release the money.
The inspector came through, took some pictures of the progress and filled out the form. My GC will get his check in about five days. The check is for about 50 percent of the loan... so further along than 1/3. I think its made out to both of us but I will be happy when he is paid.
Inspectors pictures:
bathroom
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