To protect themselves from the unknown, most home buyers today take measures like researching property assessments and neighborhood crime statistics. Many of these buyers are also unaware of the problems buying a house with existing violations can cause. Here, you can learn how to avoid this costly mistake by adding a permit expediter to your "to do" list of home buying research. Permit expediters can conduct an independent review of your prospective property and find those expensive violations before you buy.
Let's look at a quick example from Brooklyn, New York. We'll call our seller Mary. During the housing boom in 2005, Mary bought a home with a new addition built out over part of her new backyard. During her closing, documents where presented that stated her addition was built up to New York City building code and the deal was closed.
Mary has decided to put her property up for sale. She has found a buyer and her property is now under contract. During inspection it was discovered that the addition was never built legally. The zoning and code documents presented at Mary's original closing in 2005 were in fact forgeries. Mary now is not only responsible for thousands in violation fees, but she also has to pay for the construction costs of fixing the problem. Apparently, the addition is 4 feet past the legal size-limit for additions according to Brooklyn zoning laws.
This scenario is more common than you think, especially in regions that experienced high "flip" rates on homes during the housing boom. Below are four easy steps you can follow to insure this never happens to you.
How to Avoid Purchasing a Property With Existing Building Violations
Look closely at properties that have additions and renovations. If a house you are looking at has construction and parts made of minimum quality materials, there is a good chance that extra bathroom or basement conversion is not up building code. If the past owners were willing to take such short cuts with the quality of their renovation they might have cut corners with the Department of Buildings as well. Research the property's owner history. If it looks like it's been sold and re-sold every one to two years, it's probably been flipped a few times. This is a red flag and good reason to call an expediter. Don't rely solely on the home inspector at closing. Many times they have loyalties to the selling real estate agent and might overlook violations. As you organize your finances and prepare to set aside money for closing costs, factor in about $300-$400 for hiring a permit expediter.
Once you've hired a permit expediter they will conduct a property review and zoning ทาวน์โฮมมือสอง ราคาถูก analysis of the entire property and the lot it's located on. Then, you can rest assured that your new home is free and clear and ready for you to move in!
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