How far away from the house does a standby generator have to be installed?
Without knowing at all where you are; the size of the generator; it's fuel capacity or method; any code issues you might encounter; it could be right against the structure, shielded of course.
In emergencies here in FL; I often fire it up in the garage; leaving VENTING. Obviously that won't ever be reccomended; but certain situations dictate procedures.
Steven Wolf
Mortgage Question?
Ok, for your first mortgage on a house, the one you are using to buy the house, do you have the use the entire loan to pay for the house, or can you use on things like fixing the roof, getting new doors, rewiring the house, a generator, and buying appliances(washer, dryer, fridge, stove ect)?
My question sounds a bit rambled so here is an example.
House costs $40k.
You are able to get a loan for up to $60k.
Can you use the remaining $20k on updating the house, and purchasing items for it?
Ok, so if we were to have the mortgage signed over to us(an assumtion of liability, instead of out right buying the house - which will be able to happen since it is a relatives house who already agreed to this option), and then refinance, we would be able to do as stated above?
I think i might post this as a new question.
Typically you cannot. You'll want to negotiate this fix up to be completed at close of escrow or arrange a seller credit for repairs. Mortgage companies will usually see it as a red flag if a property needs 20K in fix up expenses.
Also, this depends on the appraised value of the home which seems to usually be close to what you purchased it for.
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