Tuesday, May 29, 2012

Design, Then Surprise!

We hired an architect to help us figure out how to plan a possible addition to Priscilla’s home for our law office and space for Patricia and her family to live – hopefully without overshooting our combined families’ available resources. 

It took a year, with many drawings and revisions, but at the end, we had something that might work.  The architect thought that it would be well within budget, but now the rubber would really hit the road.  We needed builder bids.

It was now July 2005.  Building here was BOOMING.  We had been researching possible builders all through our design process.  We had an initial list of four and ended up asking for bids from six different builders. 

We received only one actual bid.  We did not expect this problem.  We had nothing to compare it with, and it was much higher than expected.  Most of the other builders were too busy to bother with such a custom project.  We couldn’t shake a bid out of any others (and we hoped it wasn’t due to being in a profession with an unpleasant reputation).

Meanwhile, a happy event increased the urgency of deciding – Patricia became pregnant in August after years of hopeful waiting.  The third generation was on its way, ready or not.

Should we go for it – could we stretch our budget that far?  And how could we structure ownership and financing? 

Architects and attorneys know that written plans are crucial to good results, so we needed to figure the financial bits on paper, too.  For help considering and documenting your own plans for multi-generational living, call our office at (815) 436-1996 to set an appointment.  © 2012 Gruber Law Office, Ltd.


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