An unfinished basement, enclosed porch or added room will make your home unique in the current market environment. Such additions can give a home a unique character and help it stand out. It falls to the buyer, though, to pay attention to ensure all changes were made with appropriate authorization.
Delaying the decision to buy can help buyers avoid unpleasant surprises in the future. The information about the history of a property can help the buyer better understand what they are buying.
The importance of permits
Building permits may be necessary for some remodeling projects as per the building codes of the area. The permit ensures that the project is inspected to verify that it complies with all building standards. Whether or not they need a permit depends on the nature of the project.
An addition done without the necessary permits does not necessarily imply that the project is dangerous and that they cannot sell the house. However, it will be important to find out whether the lack of permits would be an issue during future additions or the future sale of the home.
Buyers need to know
Buyers should find out the completion date of the construction and whether there is proof of the permits and inspections involved. This may include asking if the public record matches the improvements made. This information will help them understand the history of the house.
It becomes simpler to answer such questions before the transfer of ownership occurs.
Reasons for review prior to closing
Residential real estate closings are often complex matters benefiting from an experienced attorney’s keen eye for detail. Before the sale is finalized, buyers have an opportunity to review the closing documents, confirm that any outstanding questions have been addressed and complete the transfer of ownership.
For most individuals, purchasing a house will be among their largest investment decisions. By examining any unpermitted renovations prior to the close, a person can better understand what they are purchasing.