Feasibility Report. Property Inspection Engineers, Inc. (248) Property Address. 405 Fairgrove Royal Oak, MI.

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Feasibility Report Property Inspection Engineers, Inc. (248) 644-8798 Inspection ate: 10/27/2010 Consultant's Job No: Consultant: Christopher J. aggy Applicant ark Beard Property Address 405 Fairgrove Royal Oak, I Construction Item LoanType: HU 203(k) Consultant's Job No: 2. Siding Siding-Fiber Cement Walls etails: Cap existing and proposed walls with Pre-Finished Fiber Cement Board Siding. /Approximately 23 square. Trim/Soffits etails: Install Aluminum break metal around new windows to match / Wrap all fascias in aluminum and install vinyl soffits 3. Gutters/ownspouts Install new gutters etails: Extend gutter for addition 20 L.F. / Extend exsiting downspouts away from structure./ Attach loose downspouts. 4. Roof Roof Shingles SQ etails: Install layer of asphalt composite shingles at addition. / Similar to existing. / Approximately 3.5 square Permits. Roof Shingles Porch etails: Remove and replace porch roof shingles with similar to match house. Levels: - andatory By HU, R - Recommended by Consultant, - esired By Owner ocument 7 - Page 1 of 7

6. s Sewer Repair etails: Replace defective section of sewer line. / Permits eck Repair etails: Extend deck and eliminate rear steps as per drawing. Porch Repair etails: Repair and or replace all defective wood at front porch. / Paint and caulk. Step Repair etails: Reset front steps to provide even gate (Eliminate trip hazard). Garage Siding and Framing Garage etails: Repair garage structure to stop addiitional movement. / Repair defective siding and trim to make weath tight. Soffit vents Walls etails: Install additional soffits vents. 9. Painting (Ext.) Paint etails: Paint garage. 10. Caulking Caulk: Walls etails: Caulk exterior walls to make weather tight. 12. Grading/Landscaping Grading etails: Re grade exterior to provide positive drainage. Cut back all vegetation against house.remove shrubs front and side. Levels: - andatory By HU, R - Recommended by Consultant, - esired By Owner ocument 7 - Page 2 of 7

13. Windows ove window Walls etails: ove window from proposed front bedroom closet to proposed bathroom area. Window Repair Walls etails: Replace missing screens and make all windows operable. Vinyl Windows etails: Supply and install tempered window in bathroom (1) / Supply and install first floor windows to match (2 15. oors (Ext.) Garage Vehicle oors Garage etails: Reframe and install (2) garage vehicle doors with operators./ Clopay uninsulated 9' X 7'. Garage Entry oor Garage etails: Replace garage entry door with Jeldwen steel door. oors etails: Supply and install illiken illwork Fiberglass Entry oor and hardware. 16. oors (Int.) oors and Trim Second Floor etails: Install 6 panel masonite doors as per plan. / Install casing at doors. Install base as required. / Install handrails. 17. Partition Wall Framing of new walls and partitions etails: Frame roof deck assembly. / Frame exterior walls. / Frame interior partitions / As per plan. / Permits. Repair framing etails: Repair deflection at floor decks. 18. Plaster/rywall rywall etails: Install drywall at new walls, ceilings and open walls and ceilings. 1/2". / Approximately 3,500 sq. ft. Plaster Repair--Custom etails: Repair damaged plaster as required. Levels: - andatory By HU, R - Recommended by Consultant, - esired By Owner ocument 7 - Page 3 of 7

19. ecorating Paint etails: Paint all interior finishes. 23. Wood Floors SF etails: Replace existing wood floor in kitchen and laundry (nook) with 2-1/4" T&G Oak. Includes finish. 215 sq.ft. Closet 3 etails: Replace existing wood floor in Closet 3 with 2-1/4" T&G Oak. Includes finish. 50 sq.ft. Second Floor etails: Repair hardwood floors as required to accomidate partition relocation. SF etails: Refinish balance (Non new) of wood floors. Approximately 1,000 sq.ft. 25. Ceramic Tile Ceramic Tile, Floor & Wall Bath 2 etails: 26. Bath Accessories Bathroom fixtures and accessories Bath 2 etails: Bath Accessories as per attached proposal by Herald Wholesale Bathroom fixtures and accessories Bath 2 etails: Install bath accessories. Glass Shower Enclosure Bath 2 etails: Supply and install glass shower enclosure. Levels: - andatory By HU, R - Recommended by Consultant, - esired By Owner ocument 7 - Page 4 of 7

27. Plumbing Plumbing--Systems etails: odify water and waste lines to comply with proposed floor plan and comply with code requirements. / Install fixtures (Labor only). / ove laundry to basement. Bath Fixtures Bath 2/ etails: Fixtures and faucets as per attached proposal from Herald Wholesale Bath Fixtures Bath 2 etails: Surface mount tub - Archer 5' X 19" H 28. etails: Replace exterior service. / Replace panel with 200 Amp Service. / Install interconnected smoke detectors. / odifify electrical per plan. / Install light fistures(labor only). / Install GFCI outlets as required. / Permits / Install Audio video cables / TV etails: Prep for future exterior tub. Light Fixtures etails: Supply light fixtures as per proposal provided by Herald Wholesale 29. Heating HVAC System LF etails: odify ductwork for second floor modifications and addition. Includes permits Bathroom Exhaust Fans Bath 2 etails: Supply and install bathroom exhaust fan. Exhaust Fan uct etails: Install ducting for kitchen exhaust fan 30. Insulation Insulation--Custom n wall, ceiling and floor etails: Install fiberglass installation at new constuction to bring to code / new energy codes. Insulate balance attic. Levels: - andatory By HU, R - Recommended by Consultant, - esired By Owner ocument 7 - Page 5 of 7

31. Cabinetry cabinets etails: Supply kitchen cabinets as per proposal and attached drawings. cabinets etails: Install kitchen cabinets. Countertop etails: Supply and install granite counter top and SS sink. 32. /Laudry etails: ryer: Kenmore(49032) / Washer: Kenmore(89032) / Refridgerator: Kenmore SS(71603) / Stove: Kenmore SS(36903) / icrowave SS(85063/ ishwasher:: Kenmore SS (13213) / Proposal by the Grea Outdoors. /Laudry etails: Install appliances. 34. Cleanup Cleaning--General Requirement etails: Broom clean property prior to turn over to client 35. iscellaneous Profit and Overhead etails: General Contractor Profit and Overhead emolition Basement etails: Remove all finishes emolition etails: Remove finishes, walls and roof to comply with drawings umpster LF etails: Levels: - andatory By HU, R - Recommended by Consultant, - esired By Owner ocument 7 - Page 6 of 7

Feasibility Totals Construction Item Totals 1. asonry 2. Siding 17,345.00 3. Gutters/ownspouts 405.00 4. Roof 1,20 5. Shutters 6. s 7,50 7. Walks 8. riveways 9. Painting (Ext.) 65 10. Caulking 65 11. Fencing 12. Grading/Landscaping 40 13. Windows 1,70 14. Weatherstrip 15. oors (Ext.) 3,90 16. oors (Int.) 3,10 17. Partition Wall 13,23 18. Plaster/rywall 4,50 19. ecorating 2,00 20. Wood Trim 21. Stairs 22. Closets 23. Wood Floors 6,255.00 24. Finished Floors 25. Ceramic Tile 6,00 26. Bath Accessories 2,124.44 27. Plumbing 7,283.70 28. 4,967.05 29. Heating 2,60 30. Insulation 1,20 31. Cabinetry 9,708.00 32. 3,918.20 33. Basements 34. Cleanup 20 35. iscellaneous 2,70 Construction Cost Subtotal: $103,536.39 Borrower's Acceptance: ate: Levels: - andatory By HU, R - Recommended by Consultant, - esired By Owner ocument 7 - Page 7 of 7