Proposed works: Buying a flat?

Hi

I recently made an offer to buy a maisonette which was accepted and it is still on the process even if I have not exchanged contract yet as mortgage lender is still reviewing.

Today I have received email from my property agent and it says the property needs proposed works to be carried out to the block and I have to pay for around £3000. I have no idea of what the proposed works is and never thought of this extra cost because the property agent have never mentioned about it before.

Could you someone kindly let me know what the proposed works is and what it is for?

And do I have to pay for this? Or seller should pay for this?

I am in very tough budget and never thought of that extra £3000.

I would be grateful if someone advise me.

Thank you.

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Would this be dumb, I found a house and?

I get disability and it would cover the mortgage for this house I want. And I'd have some money leftover depending how high my interest rate would be. I don't have any credit (even though I paid my car off) so idk how that would affect me getting a loan and the price of the mortgage. It's in an area I'd like to live in. And I plan on living there for at least a few years, so I'd rather buy than rent. I might live there the rest of my life. I'm not worrying about meeting a guy and all that or a family. It'll happens when it does and he's not gonna control where I live unless I agree. But anyway, good idea or no?
Added (1). I get paid from going to school as well.
Added (2). Talking about homeowners insurance. It say that would only cost like 20 a month. All that is included in the mortgage.
Added (3). I get around 1700 A month total from.school and disability
Added (4). And I can also put down a good down payment
Added (5). I have plenty of clothing. I'm on my moms insurance. So medical bills are very low.

Read more: Would this be dumb, I found a house and?

What are sellers closing costs on FHA loan of 174,490.00?

What are sellers closing costs on FHA loan of 174,490.00?

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Interest Capitalization on construction problem? Intermediate Accounting?

Any help would be appreciated I'm in a hybrid class and have to learn this on my own! Thanks!

Capitalization of Interest
Carver Department Stores, Inc., constructs its own stores. In the past, no cost has been added to the asset value for interest on funds borrowed for construction. Management has decided to correct its policy and desires to include interest as part of the cost of a new store just being completed.

total construction expenditures:
Jan. 2, 20Y1…
May 1, 20Y1…
Nov. 1, 20Y1…
Mar. 1, 20Y2…
Sept. 1, 20Y2…
Nov. 30, 20Y2…
total $4,000,000

Outstanding Debt:
Mortgage related directly to new store; interest rate, 10%;
term, five years from beginning of
construction…
General Bond Liability:
bonds issued just prior to construction of store; interest
rate, 8% for 10 yrs…
Estimated Cost of equity capital…14…

1. Based on the given information, how much interest would be added to the cost of the store in 20Y1? If required, round capitalized interest percentages to one decimal place. Round dollar amount calculations and your final answer to the nearest whole dollar.

2. Based on the given information, how much interest would be added to the cost of the store in 20Y2? If required, round capitalized interest percentages to one decimal place. Round dollar amount calculations and your final answer to the nearest whole dollar.

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