HUD 203(k) Prepared By 119 S. Easton Road Suite 205 Glenside, PA 19038 info@valuehomeinspections.com Inspection Date 3/11/2009 Loan Work Write-Up Consultant's Report Borrower Sherman McLeod Property Location 2228 Georges Lane Philadelphia PA 19131
Property Information & Inspection 115 E. Glenside Ave. Suite 14 Glenside, PA 19038 Phone: (215) 886-0010 Fax: (215) 886-0011 Email: info@valuehomeinspections.com Property Address 2228 Georges Lane Philadelphia PA 19131 Consultant's File Number: 290069Georges Inspection Date: 3/11/2009 Inspector: Catherine Hall Applicant's Information Picture Sherman McLeod Address: 2754 N. 45th Street Philadelphia PA 19131 Home Phone: Office Phone: Email: sherman.mcleod@verizon.net Cellular: (215) 840-6919 Other Contact Name: Other Phone: Lender Information Lending Institution: Skyline Funding Group Lender Loan #: Origination Date: Loan Type: HUD 203(k) Loan Originator: Andy Leer Phone: (215) 632-5363 Ext: Contingency Reserve %: 10% Number of Draws: 6 FHA Case No.: HUD Date Assigned: Details Number of Units At Start: 1 At Completion: 1 Months To Completion: 5 Inhabited: Not Occupied Owner Occupied Investor/Builder HUD Information Contractors On Project #Name? Copyright 2003 - Corporate Niche (406) 522-8856 Page 1 of 2
Property Address 2228 Georges Lane Philadelphia PA 19131 Consultant's File Number: 290069Georges Inspection Date: 3/11/2009 Inspector: Catherine Hall Initial Inspection Information Inspection Weather Conditions Building Physical Information Lot Size Number of Dwellings 0 Type of Construction Building Size Number of Stories 0 Estimated Age Commercial Units Number of Commercial Units 0 Commercial Units Ratio Utilities At Inspection # Electric Services 0 On Smoke Detectors Smoke Detectors at Inspection Type Required # of Gas Services 0 On Water On Type Of Sewer Recommendations "Check Mark Indicates Yes" Underground Oil Tank Certification Needed: Utilities On At Time Of Inspection: Lead Paint Certification Needed: Water Certification Needed: Septic Certification Needed: Septic Municipal Availability Present: Smoke Detectors Needed: Termite - Woodboring Treatment Needed: Radon Gas Test Preformed: Seperate Plumbing Certification Recommened Seperate Electrical Certification Recommened Seperate Heating Certification Recommened: Seperate Structural Engineers Report Recommened Asbestos Report Neeed: Note: The Home Inspection is performed to identify those items that are obviously required for a property to comply with HUD's Minimum Property Standards as defined in HUD Handbook 4905.1. This Inspection is NOT INSPECTION OR CERTIFICATIONS BY LICENSED PROFESSIONALS WHICH MAY BE BENEFICIAL FOR THE BORROWER. The Borrower may wish to consider the above recommended inspections to further protect their interests beyond scope of the inspection. Inspector's Signature: Catherine Hall Copyright 2003 - Corporate Niche (406) 522-8856 Page 2 of 2
Feasibility Analysis 115 E. Glenside Ave. Suite 14 Phone: (215) 886-0010 Glenside, PA 19038 Fax: (215) 886-0011 Loan Type: HUD 203(k) Consultant: Catherine Hall Consultant's ID No: P0437 Email: info@valuehomeinspections.com Inspection Date: 3/11/2009 Consultant's File No.: 290069Georges Borrower: Address: Sherman McLeod 2228 Georges Lane Philadelphia PA 19131 Lender: Address: Skyline Funding Group Loan Originator: Andy Leer Loan Originator Phone: (215) 632-5363 Phone: 1. Masonry 2,000.00 Repair/replace concrete around pool 2. Siding 0.00 3. Gutters/Downspouts 300.00 Reconnect downspouts at front wall, properly angle gutters into downspouts 4. Roof 0.00 Replace damaged shingles at rear roof (left rear side) Replace missing/damaged flashing around rear of chimney Seal chimney flue- add snow cap 5. Shutters 0.00 6. Exteriors 750.00 Repair damaged columns (2) at front wall left side Add handrail at one side of side steps 7. Walks 750.00 Replace damaged concrete walks and curbing at front 8. Driveways 0.00 9. Painting (Ext.) 750.00 Scrape and paint all defective chipping window frames and exterior doors 10. Caulking 850.00 Caulk around exterior window and door frames 11. Fencing 1,850.00 Provide and install vinyl fencing around rear (35 ft) to enclose pool area at rear of home (including gate with lock) 12. Grading/Landscaping 0.00 13. Windows 1,200.00 Replace windows as needed at baths and pantry 14. Weatherstrip 0.00 15. Doors (Ext.) 1,000.00 Install new bilco (metal) basement door Replace rotted door frame at basement door 16. Doors (Int.) 2,100.00 Provide and install new 6 - panel interior doors at all rooms throughout home (including knobs) 17. Partition Wall 3,100.00 Create walls at attic Repair / provide proper structural support at first floor ceilings at living room and pantry as directed by structural engineering report Copyright 2003 - Corporate Niche (406) 522-8856 Page 1 of 3
Inspection Date: 3/11/2009 Consultant's File No.: 290069Georges Borrower: Address: Sherman McLeod 2228 Georges Lane Philadelphia PA 19131 Lender: Address: Skyline Funding Group Loan Originator: Andy Leer Loan Originator Phone: (215) 632-5363 Phone: 18. Plaster/Drywall 12,000.00 Intall new sheetrockat all areas throughout home (ceiling and wall) as per plans (including attic area) 19. Decorating 5,100.00 Prime (2-coats) and paint 1 finish coat at all walls/ceiling surfaces color of borrower choice 20. Wood Trim 6,500.00 Install paint grade wood trim at all doors, windows, and baseboards at all rooms 21. Stairs 500.00 Repair/replace damaged stair treads as needed prior to carpet installation 22. Closets 1,400.00 Complete the installation of closets at 2nd and 3rd floor bdrms, including shelving and clothes racks 23. Wood Floors 5,500.00 Install hardwood flooring at living room, dining room and sun room areas (cost includes repairs to exisiting flooring and prep for new flooring), Install new sub-flooring at 2nd floor bath 24. Finished Floors 7,000.00 Install carpeting at all bedrooms, hallways and stairs at 2nd and 3rd floors 25. Ceramic Tile 2,850.00 Install ceramic tile at bath floor and walls at all baths, kitchen and pantry area, 26. Bath Accessories 1,200.00 Provide and install all accessories at all baths (toilet rolls, towel racks, medicine cabinets-flush mounted) 27. Plumbing 12,000.00 Provide and install complete new supply and DWV systems to home, utilizing exising components where possible (Cost includes all faucets, fittings, and elements throughout home) Install new three piece baths at 2nd floor hall, 3rd floor (toilet, sink, tub w/shower over tub) Install new 3 piece bath at master bedroom - (stall shower, toilet,sink) Provide and install tankless water heating system with possible multiple zone application as needed 28. Electrical 8,000.00 Install gfi-protection at exterior outlets Complete re-wiring of all rooms and areas to code- existing panel not needing replacement Install ceiling light fixtures, switches at all rooms and areas as directed by borrower and plans 29. Heating 14,000.00 Provide and install HVAC system to provide even heat distribution to all areas - with separate zoning for master bdrm, 3rd floo (suggestion of heat pump for 3rd floor, gas-fired forced air furnace with split A/C for 1st, 2nd floors) 30. Insulation 5,000.00 Install insulation at all walls, floors areas throughout house for R-values equal to or greater than those suggested by Dept of Energy regional guide (client prefers spray foam insulation between exterior stone walls and interior drywall areas) 31. Cabinetry 7,000.00 Kitchen /pantry cabinetry as per plan (actual cost to be determined by size and configuration of kitchen when plans provded) Cost does not include knob/handles for drawers or doors) Countertop material- granite/marble as directed by borrower 32. Appliances 5,800.00 Provide and install all kitchen appliances (dishwasher, gas range, over-range microwave oven, disposal, refrigerator) Provide and install washing machine and gas dryer at pantry on 2nd floor as per plans 33. Basements 1,400.00 Replace 4 basement windows with glass block windows with vinyl jalousie for ventilation 34. Cleanup 4,000.00 Complete debris removal from all areas throughout home Copyright 2003 - Corporate Niche (406) 522-8856 Page 2 of 3
Inspection Date: 3/11/2009 Consultant's File No.: 290069Georges Borrower: Address: Sherman McLeod 2228 Georges Lane Philadelphia PA 19131 Lender: Address: Skyline Funding Group Loan Originator: Andy Leer Loan Originator Phone: (215) 632-5363 Phone: 35. Miscellaneous 4,500.00 All permits, certifications and plan costs for project Totals: $118,400.00 Consultant/Plan Reveiwer: 3/18/2009 Catherine Hall P0437 Date: Allowable Fees & RecapTotals Construction Costs Subtotal : $118,400.00 ALLOWABLE FEES Note Fee Work write-up based on $100K repairs $850.00 Draw Fee + Mileage 6 @ $85 $510.00 Feasibility Study Inspection paid 3/10/09 $450.00 Contingency Reserve: Allowable Fees Total : $1,810.00 10% $11,840.00 Grand Total: $132,050.00 Copyright 2003 - Corporate Niche (406) 522-8856 Page 3 of 3
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