Hot Photos From A Draw Inspection

 As real estate professionals probably everyone at Active Rain knows what a draw inspection is. The bank, often through a third party, wants a confirmation that the work is being completed as reported, and as money is requested, by the builder. I do a few of these, as do many home inspectors. Actually, I do very few of them but, depending on scheduling, they are something to schedule on an off day to make some coffee money for not much hassle. Basically you get to the site (which is often the biggest hassle depending on location) and shoot a few photos and see how far along, in your estimate, the work is. Take it back to the office and do the report online. The thing that I thought you might find amusing would be the types of photos they request. If you are in the early stages of the project, and even throughout the project, the two below are, in my experience, among the most requested. The first one is known as sanitary facility, porta-potty or outhouse. The second one is cleanup. Often, in fact, it is more a case of "not cleanup." There will be these little or big piles of debris all over. In the end they are hauled away.

 

Probably the most sought after photo

A close second

Thanks for looking.

www.kingofthehouse.com

Steven L. Smith

Bellingham Home Inspector

 

2 Comments on Hot Photos From A Draw Inspection

Steven, Why does the bankcare if their is a porta-john and what is the fascination with the trash? I guess they want to see if they are wasting 4' or longer 2x4s but not sure why else.

08/18/2007 11:37 PM by Randy Lyon (Kettley and Company)


Randy,

 At the draw inspection, they want to make sure that every single thing budgeted in for the total project cost is actually being purchased, leased, etc. They do not want a contactor, or a contractor in cahoots with a borrower, padding figures and receiving draws or payments on items that are not actually utilized during construction. For example, since you asked, I just pulled out a couple of budgets. Cleanup on one was budgeted at $10,072.50.  On the other the outhouse was $1,500. So, the purpose of the draw is, step by step, to make sure that each and every line item is actually being used or purchased, as budgeted, for the project. It is like checks and balances.

 

Steve

08/18/2007 11:58 PM by Steven L. Smith, Bellingham, Wa. Home Inspector (King of the House Home Inspection)


Leave a response…

Name:
Notify me of new comments:
Comment:
What does the graphic say?
 
Inspector: Steven L. Smith, Bellingham, Wa. Home Inspector (King of the House Home Inspection)
Steven L. Smith, Bellingham, Wa. Home Inspector
Bellingham, WA
More about me…
King of the House Home Inspection

Office Phone: (360) 676-6908
Cell Phone: (360) 319-0038
Email Me
Home inspection information designed to be educate the real estate buyer and the real estate professional. Blog posts include general information and information specific to the Pacific Northwest region.

Links

Tags (Tag Cloud)

Archives

RSS 2.0 Feed for this blog
ATOM 1.0 Feed for this blog

Find WA real estate agents and Bellingham real estate here on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2007 ActiveRain Corp. All Rights Reserved