Half-finished house, where do I start on understanding how to complete it...

This is a tricky situation. My one relative who I am on good terms with (75M) started building a house some 35 years ago. He got as far as all the walls, putting the roof on, most of the floorboards. Next steps were going to be plumbing, electrics, then plastering. There's already a septic tank buried in the backyard. Then, due to finances but mainly due to mental health reasons, age, and issues with the rest of the family (who would have loaned them the money), he slowed to a stop and never finished it. It's a 4 bedroom detached family home in a desirable location. Current value varies depending on who you ask, but it's about 1/3 of the estimated completed value according to two surveyors.

I'm an adult, finally with money to invest and I want to see the house finished. The thing is, to make my case to him I need to know the bones of how we can get it finished. Neither of us are going to live there - this is purely for the value of the sale. I'll also confess to a certain amount of impatience. I don't want to finish it by myself as he tried to, I want to pay professionals to do it for us. Saving money on how many people we hire is less important to me because the completed value could be so high. He agrees, but... he's not in the best shape to provide assistance. Due to the mental burden of trying to complete it, it's difficult to get him to talk about the mechanics of finishing it. I'd say he has major anxiety as well as a certain amount of age-related depression. He can point me towards the plans, but won't teach me what he knows, or what he remembers. He does however agree that if it could be finished, that would be the best recourse.

Where do I start? Who are the people I should approach to help get this thing completed?

Also - there is something of a time limit on me, as unless I can convince him, he will sell it off when he moves away, as he is worried someone is going to vandalise it soon. I also don't think he will leave it to me to inherit, again due to weird anxiety reasons.



Submitted July 28, 2022 at 12:52PM by Majestic-Muffin-8955 https://ift.tt/08Xp5HW

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