And I was right to be worried. It is TWENTY-FIVE THOUSAND DOLLARS more than the estimate. I’ll discuss it with Leigh tonight - I’m not sure where this leaves us.
Update: Leigh talked to the builder (and was far more conciliatory than I was expecting) and basically he’s not budging. He offered to take part of the payment in cash to reduce the GST we’d have to pay but I’m inclined to say no to that, mainly because he said it would help us and him, and I am not of a mind to help him. Our mortgage broker is investigating whether we can actually get any more money, and then we’ll see what to do next. Will this reno EVER happen??
Update 2: The mortgage broker emailed to say the valuation has been ordered, so obviously the bank is proceeding with the application, but we don’t know what amount they have approved! Guess we’ll do what we always do – wait.
Update 3: Well, the valuation is done. I don’t know what to expect. The valuer was an odd man who kept going on about the slope of the new roof and how we should test it by holding a super-long piece of pipe at the angle it will be on to see if water will flow down . Why? I don’t know. He’s not a building inspector, he’s a valuer. Just say the house is worth a million dollars and go about your business, okay?



