We’ve been meeting with a draftsman and trying to get some process in motion for a rebuild. There’s an endless stream of issues.
In no particular order, here’s a rundown of what we’re tackling now so we can move to the next step:
1) The Foundation. This has turned into quite a complex issue. Due to the hillside right behind the house we can’t simply swap out the foundation. So instead we’re looking at ways of using parts of it so that we don’t have to get into the retaining wall song and dance. It seems every engineer we speak with has different ideas about different ways we could handle it–all of them making sense in their logical way–and I suppose they’re all right–to a degree–but it’s going to be up to us to decide what to do.
2) Financing. I’ve contacted a few lenders about construction loans and they’ve all said no, citing the economic downturn and the fact that our house will cost more to build than it would sell for. I guess they call that a bad investment.
3) Insurance. Allstate, god bless their black little heart, is being typically difficult to get straight answers out of. But even more so, they just won’t go to bat for us. We’re now on our fifth adjuster and all they can do is quote BS policy to me, rather than get involved in our situation and look out for our interests. They’re telling us now that since we’re under insured, our course of action will be to get a construction loan *in addition* to our mortgage, which is so out of the bounds of reality for us it’s laughable.
3) Rules and Regs. There’s a whole suite of rules and regs and hoops and permits and we’re beginning to familiarize ourselves with them so we can best prepare for whatever the city may throw at us.
What’s next. Once we get a handle on financing and our options for the foundation, we’ll know how to move forward. I’ve said before that this process is like turning the pages of a book that isn’t written. We can only hope that the story has a happy ending.