I used to walk properties with my contractor, my contractor is great but it stopped doing it because it was useless we couldn’t know what issues to anticipate in advance so the 1st bids were worthless, like a 45k bid that turned into 130k, and again not because he was dishonest or anything just modernzing a house has so many different parts you couldn’t possibly imagine, now that said I figured out over time given age of and condition of home I could reliably estimate total cost within like 90% accuracy, so I’d ask around other people in your area what are they spending on a similar type of project, I do this periodically in my market just to make sure I’m not getting screwed but especially when you adjust for quality I kind of found everyone was kind of paying the same. 

However, the work required is more than originally anticipated. 

Actually, my first thought upon receiving those emails, was that they weren't in the $45K-$50K range, that I had anticipated.

With cash out options and no prepayment penalties, it could get you the liquidity you need while still providing the flexibility to refinance at 12 months once that time comes with your conventional lender of choice.There would be points involved in that transaction, but if you anticipate the market to be better in 6 months from now, it is something else to consider.

Normally I would wait the 6 months, but the lender anticipates interest rates to go up significantly by then. 

It's more difficult than I anticipated.

Maybe 45k fits those based on the contractor you are working with, but just make sure to anticipate.

What are you anticipating to be the tax benefits?

As of now, I anticipate coming to Jax 2wks/month through next year.

Lenders may tighten their lending criteria or charge higher rates if they anticipate higher default risks.Construction Industry Trends: The construction industry itself may experience shifts in demand, material costs, or labor availability.