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Kennedy Clover 7.14.08, Atalie Ryan 1.25.10
Bored? Need a project? I need help with this one...
Long story short, because of major foundation work we need to have done at our house, which will require us to move out for approx. 3 months, we have to provide our "magic number" to our attorney so that he can proceed with final negotiations with the builder/warranty company. We have all of the estimates on the actual repair work, but we need to come up with a number to cover those 3 months that we will be displaced. This would include moving, storage, and someplace else to live during that period. Depending on the timing of the repairs, there will be either 4 or 5 of us. Any websites that help with this sort of thing? I'm googling short term corporate rentals and that sort of thing, but I'm sure there's something I'm not thinking of. Ideas? Where to start?
Kennedy Clover 7.14.08, Atalie Ryan 1.25.10
This discussion has been closed.
Re: Bored? Need a project? I need help with this one...
To make sure I'm hearing you right, you want recommendations on short term housing and then also a financial number of how much you should be asking for. Is that correct? Has your attorney said what all can be included in this type of settlement? What about extra laundry costs or more gas to get to work if it's further away etc?
In theory, I've always heard that this sort of thing you should ask for the same standard of living in which you are being displaced from since it's their fault. That means you should at least try to get them to provide for a short term lease at another house. Any kind of hotel/ long term stay place should be your last resort.
No, I'm not asking anyone here to come up with a number. Sorry if that was confusing! I just wanted to explain what we are trying to come up with. I have spent hours doing google searches, and I'm getting frustrated because it's all so piecemeal. And maybe that's just the way it is - I don't know. I was more interested in whether anyone had any ideas of things I could be searching or looking into that would be more geared toward the kind of short-term relocation we are going to be facing. Maybe someone here has experience with this sort of thing...
As far as what will be included, it's really not that specific - for the settlement, it's just a number. We will basically say, the repairs are going to cost $xx, the legal fees will be $xx, and we will need $xx to cover our costs during the repair work. That is what our attorney would work from, but it is up to us to come up with that number. He can provide some guidance there, but once the settlement is final, we will end up with one lump sum that will then have to cover everything. So we need to include enough so that we won't have much out of pocket expense, but not so much that the warranty company refuses to settle and requires us to go to arbitration, which is way more expensive and not likely to be as favorable for us.
Kennedy Clover 7.14.08, Atalie Ryan 1.25.10
I was wondering what happened with your foundation. I keep trying to think of some good advice here but I'm coming up empty. I think it is a good idea to look at homeaway or vrbo and see if you can lease a house short term possibly in your 'hood. Then whatever additional costs like drive time could be negated. If you found just a normal house for rent then there would be other problems like utility bills. You would have to look at a washer/dryer rental if they didn't have that at the rental property. If you found a VRBO type property then they would have furniture, etc so you wouldn't have a lot of big things to move from the house.
I guess I can't think of any real good advice. I would just look for the best property you would be comfortable in as close to home as possible and then however much the rent is plus a small amount for incidentals and your displacement?