Should you buy a House that was Remodeled Without a Permit?

Ask The Right Questions Buying Houses For Sale 80020

 

When you are looking for houses for sale 80020 area in Colorado, you must pay attention to red flags. A house that was remodeled without a permit is definitely one of them, so keep your eyes open and make sure to avoid concluding such a “deal”.

There are homeowners who prefer to skip getting the permits because they want to avoid the costs or the delays associated with it. But without the permit, there is no way to be sure that the remodeling work was done according to local building codes, so the homeowner’s insurance will not cover issues, and the additions will not be counted by appraisers toward the property`s value.

And this is not all. You can get in even more trouble if you buy a home that was remodeled without a permit. Depending on the local building law, you might be required to tear out the additions, and the city might assess penalties that will cost you a few times more than the amount necessary for getting the permit fee.

Additionally, you will have problems selling the house, because it will probably appraise for much less, you might be turned down for a mortgage refinance, and buyers might not be allowed to get a loan for buying it.

The post Should you buy a House that was Remodeled Without a Permit? appeared first on Frank Duran Homes.



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