Navigating Construction Delays: Understanding Extensions and Timelines
By Mike Young, FHA 203k Consultant 828-469-7462
(203kOnLine.com, covering the USA)
Navigating Construction Delays: Understanding Extensions and TimelinesIntroductionConstruction projects, while exciting, can often be fraught with uncertainties and potential delays. One common concern among homeowners is the risk of not meeting the consultant or lender's initial project timeline. In this blog post, we'll explore what happens when a project faces delays, the process of requesting an extension, and key factors to consider.Understanding Project TimelinesThe estimated completion date for a construction project is typically determined by the consultant or lender, considering the project's scope and complexity. However, various factors can influence the timeline, including the contractor's current workload, material availability, and unforeseen circumstances. HUD and, more s...
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