Wednesday, 21 November 2012

Week 75 - Costs

By my calculation I am EUR 150,000 over the original budget/estimate.
 
Firstly, I asked for a 100% mortgage. Then when the bank asked me home much money I would bring to the project I said EUR 30,000 - that money was for relocation costs, fees, furniture etc.
 
What they didn't tell me, was that this was expected to be added to the mortgage - when I sent my first invoice they told me I first had to prove that I had paid EUR 30,000 worth of invoices myself before they would pay anything. ()!@%(%!_!!(@#%&@*(^_!@&#)!^)!@#$%^*
 
Then, when I had to change builder I ended up needing to borrow 100,000 to finish the project with a different builder.
 
I have to pay money to repair/correct shoddy work from my original builder - e.g. damaged hose, roof support (due to inefficient roof building).
 
The new building contract includes bog standard prices for things like doors so I end up paying extra just to get something half decent.
 
Many things I have to do were conveniently left off the offer and now I am told that I need them and need to pay for them (e.g. drainage from the slope).
 
Then my Architect says he "won't work for free", despite me having already paid 100% of the contract value - no I am being charge on an hourly rate for his continued work (adding 50% to his fee). To be fair, he is working - but I wonder what the contract payment was for ... to turn up on site every week to report on 0 progress from the builder.
 
On top I have to also now pay lawyers fees - not cheap and I had to pay for a defect analysis, report and updated report after the builder's termination.
 
Kitchen price went up due to inflation.
 
Had to drop plans for a garage to save costs ... now just getting a car-port which I only just found out will be without roof. What use is a car-port without roof?
 
(and Christ knows if my old builder will find a way to invoice me for his half-finished work or whether I can successfully claim compensation/damages from him).
 
Not sure I will have any money for removals or furniture.
 
Rant over, :-)

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