We're in Debt Again

We signed the contract to build our house with TAB today.

Pete and I celebrating being in debt again; personal collection

The contract is a firm-fixed price contract with three areas of unknown costs, which was unusual for TAB. We were unable to get a price quote for site preparation due to the Hurricane Florence recovery efforts. Our contract included only an estimate. Also, our plans would have to be reviewed by a structural engineer to ensure they met or exceeded local building codes. Because we are on a river in hurricane country, there could likely be additional costs. Finally, depending on where we located the house on the lot, the foundation may exceed the four rows of cinderblock included in the contract.

Next, the hurry-up-and-wait period while permits are pulled and the structural engineer weighs in on changes to meet codes. I have been busy setting up electrical, water, and sewer service to the lot.

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