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Value Home Inspections, Inc.
Sherman McLeod
2228 Georges LanePhiladelphia PA 19131
HUD 203(k)
119 S. Easton RoadSuite 205
Glenside, PA 19038
Consultant's Report
Loan Work Write-Up
Borrower
Property Location
Prepared By
Inspection Date
3/11/2009
Property Information & Inspection
Value Home Inspections, Inc.(215) 886-0010115 E. Glenside Ave.
Suite 14Glenside, PA 19038 Fax: (215) 886-0011 Email: [email protected]
Phone:
Inspection Date: 3/11/2009
Inspector: Catherine Hall
Property Address
2228 Georges LanePhiladelphia PA 19131
Consultant's File Number: 290069Georges
Sherman McLeod
Address: 2754 N. 45th StreetPhiladelphia PA 19131
Home Phone:
Other Contact Name:
Origination Date:
Months To Completion: 5
HUD Date Assigned:
Lender Loan #:
FHA Case No.:
Lender Information
HUD Information
Applicant's Information
Details
Lending Institution: Skyline Funding Group
Phone: (215) 632-5363
Loan Originator: Andy Leer
Owner Occupied Investor/Builder
Contingency Reserve %: 10%
Ext:
Contractors On Project
Inhabited: Not Occupied
Office Phone:
Cellular: (215) 840-6919
Other Phone:
Number of Draws: 6
At Start: 1 At Completion: 1Number of Units
Email: [email protected]
Picture
Loan Type: HUD 203(k)
#Name?
Copyright 2003 - Corporate Niche (406) 522-8856 Page 1 of 2
Inspection Date: 3/11/2009
Inspector: Catherine Hall
Property Address
2228 Georges LanePhiladelphia PA 19131
Consultant's File Number: 290069Georges
Lot Size Number of Dwellings 0
Number of Stories 0
Number of Commercial Units 0
Commercial Units Ratio
Building Size
Type of Construction
Estimated Age
Smoke Detectors at Inspection
Type Required
# Electric Services 0 On
# of Gas Services 0 On
Water On
Type Of Sewer
Utilities At Inspection
Smoke Detectors
Commercial Units
Building Physical Information
Inspection Weather Conditions
Initial Inspection Information
Underground Oil Tank Certification Needed:
Utilities On At Time Of Inspection:
Lead Paint Certification Needed:
Water Certification Needed:
Septic Certification Needed:
Septic Municipal Availability Present:
Smoke Detectors Needed:
Termite - Woodboring Treatment Needed:
Radon Gas Test Preformed:
Seperate Plumbing Certification Recommened:
Seperate Electrical Certification Recommened:
Seperate Heating Certification Recommened:
Seperate Structural Engineers Report Recommened:
Recommendations"Check Mark Indicates Yes"
Asbestos Report Neeed:
Inspector's Signature: Catherine Hall
Note: The Home Inspection is performed to identify those items that are obviously required for a property to comply with HUD's Minimum Property Standards as defined in HUD Handbook 4905.1. This Inspection is NOT INSPECTION OR CERTIFICATIONS BY LICENSED PROFESSIONALS WHICH MAY BE BENEFICIAL FOR THE BORROWER. The Borrower may wish to consider the above recommended inspections to further protect their interests beyond scope of the inspection.
Copyright 2003 - Corporate Niche (406) 522-8856 Page 2 of 2
Catherine Hall
Feasibility Analysis
Consultant's ID No: P0437Consultant:
Value Home Inspections, Inc.(215) 886-0010115 E. Glenside Ave.
Suite 14Glenside, PA 19038 Fax: (215) 886-0011
Email: [email protected]
Phone:Loan Type: HUD 203(k)
Consultant's File No.: 290069Georges
Phone:
Sherman McLeodBorrower:
Address: 2228 Georges LanePhiladelphia PA 19131
Inspection Date: 3/11/2009
Skyline Funding GroupLender:
Address:Loan Originator Phone: (215) 632-5363
Loan Originator: Andy Leer
1. Masonry 2,000.00
Repair/replace concrete around pool
2. Siding 0.00
3. Gutters/Downspouts 300.00
Reconnect downspouts at front wall , properly angle gutters into downspouts
4. Roof 0.00
Replace damaged shingles at rear roof (left rear side)Replace missing/damaged flashing around rear of chimneySeal chimney flue- add snow cap
5. Shutters 0.00
6. Exteriors 750.00
Repair damaged columns (2) at front wall left sideAdd handrail at one side of side steps
7. Walks 750.00
Replace damaged concrete walks and curbing at front
8. Driveways 0.00
9. Painting (Ext.) 750.00
Scrape and paint all defective chipping window frames and exterior doors
10. Caulking 850.00
Caulk around exterior window and door frames
11. Fencing 1,850.00
Provide and install vinyl fencing around rear (35 ft) to enclose pool area at rear of home (including gate with lock)
12. Grading/Landscaping 0.00
13. Windows 1,200.00
Replace windows as needed at baths and pantry
14. Weatherstrip 0.00
15. Doors (Ext.) 1,000.00
Install new bilco (metal) basement doorReplace rotted door frame at basement door
16. Doors (Int.) 2,100.00
Provide and install new 6 - panel interior doors at all rooms throughout home (including knobs)
17. Partition Wall 3,100.00
Create walls at atticRepair / provide proper structural support at first floor ceilings at living room and pantry as directed by structural engineering report
Page 1 of 3Copyright 2003 - Corporate Niche (406) 522-8856
Consultant's File No.: 290069Georges
Phone:
Sherman McLeodBorrower:
Address: 2228 Georges LanePhiladelphia PA 19131
Inspection Date: 3/11/2009
Skyline Funding GroupLender:
Address:Loan Originator Phone: (215) 632-5363
Loan Originator: Andy Leer
18. Plaster/Drywall 12,000.00
Intall new sheetrockat all areas throughout home (ceiling and wall) as per plans (including attic area)
19. Decorating 5,100.00
Prime (2-coats) and paint 1 finish coat at all walls/ceiling surfaces color of borrower choice
20. Wood Trim 6,500.00
Install paint grade wood trim at all doors, windows, and baseboards at all rooms
21. Stairs 500.00
Repair/replace damaged stair treads as needed prior to carpet installation
22. Closets 1,400.00
Complete the installation of closets at 2nd and 3rd floor bdrms, including shelving and clothes racks
23. Wood Floors 5,500.00
Install hardwood flooring at living room, dining room and sun room areas (cost includes repairs to exisiting flooring and prep for new flooring), Install new sub-flooring at 2nd floor bath
24. Finished Floors 7,000.00
Install carpeting at all bedrooms, hallways and stairs at 2nd and 3rd floors
25. Ceramic Tile 2,850.00
Install ceramic tile at bath floor and walls at all baths, kitchen and pantry area,
26. Bath Accessories 1,200.00
Provide and install all accessories at all baths (toilet rolls, towel racks, medicine cabinets-flush mounted)
27. Plumbing 12,000.00
Provide and install complete new supply and DWV systems to home, utilizing exising components where possible(Cost includes all faucets, fittings, and elements throughout home)Install new three piece baths at 2nd floor hall, 3rd floor (toilet, sink, tub w/shower over tub)Install new 3 piece bath at master bedroom - (stall shower, toilet,sink)Provide and install tankless water heating system with possible multiple zone application as needed
28. Electrical 8,000.00
Install gfi-protection at exterior outletsComplete re-wiring of all rooms and areas to code- existing panel not needing replacementInstall ceiling light fixtures, switches at all rooms and areas as directed by borrower and plans
29. Heating 14,000.00
Provide and install HVAC system to provide even heat distribution to all areas - with separate zoning for master bdrm, 3rd floor (suggestion of heat pump for 3rd floor, gas-fired forced air furnace with split A/C for 1st, 2nd floors)
30. Insulation 5,000.00
Install insulation at all walls, floors areas throughout house for R-values equal to or greater than those suggested by Dept of Energy regional guide (client prefers spray foam insulation between exterior stone walls and interior drywall areas)
31. Cabinetry 7,000.00
Kitchen /pantry cabinetry as per plan (actual cost to be determined by size and configuration of kitchen when plans provded) Cost does not include knob/handles for drawers or doors)
Countertop material- granite/marble as directed by borrower
32. Appliances 5,800.00
Provide and install all kitchen appliances (dishwasher, gas range, over-range microwave oven, disposal, refrigerator)Provide and install washing machine and gas dryer at pantry on 2nd floor as per plans
33. Basements 1,400.00
Replace 4 basement windows with glass block windows with vinyl jalousie for ventilation
34. Cleanup 4,000.00
Complete debris removal from all areas throughout home
Page 2 of 3Copyright 2003 - Corporate Niche (406) 522-8856
Consultant's File No.: 290069Georges
Phone:
Sherman McLeodBorrower:
Address: 2228 Georges LanePhiladelphia PA 19131
Inspection Date: 3/11/2009
Skyline Funding GroupLender:
Address:Loan Originator Phone: (215) 632-5363
Loan Originator: Andy Leer
35. Miscellaneous 4,500.00
All permits, certifications and plan costs for project
Consultant/Plan Reveiwer: ___________________________P0437
Allowable Fees & RecapTotals
3/18/2009 Catherine Hall Date: ______________
Totals: $118,400.00
Construction Costs Subtotal : $118,400.00
Fee NoteALLOWABLE FEES
Work write-up $850.00based on $100K repairs
Draw Fee + Mileage $510.006 @ $85
Feasibility Study Inspection $450.00paid 3/10/09
$1,810.00
10% $11,840.00Contingency Reserve:
Allowable Fees Total :
Grand Total: $132,050.00
Page 3 of 3Copyright 2003 - Corporate Niche (406) 522-8856
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