We Buy Houses: Don’t Build Without Permits

Published on: 07 September 2017 Last Updated on: 09 August 2019
photo_7123_20080823

If you have ever spent any time at the building permit office, then you probably understand how big of a headache it can be. Even if you are just wanting to make a small home update, you probably found yourself questioning, why do I need a permit for that? Why is it so expensive?

The permits themselves are very expensive and that doesn’t take into consideration the repair cost on top of that. If you have thought about starting major home renovations without having the proper permits, then you should certainly reconsider. If you are starting these home renovations because you are looking to sell your house, then I would recommend selling your home to a cash home buyer instead and saving thousands of dollars and eliminating headaches altogether.

If you attempt to sell your property and you have completed repairs without a permit then there could be a lasting impact if a home inspector finds out. If that does become the case and an inspector sees that you have completed non-permitted repairs, then its as if you purchased a home without a salvaged title. Sure you have a home, but because you didn’t get the permit, you did more damage than good and could be forced to sell for much lower than market value as this is a huge red flag for buyers.

There could also be huge fines associated with unpermitted work. These fines are always much higher than the cost of the actual permit, thus incentivizing people to get permits. Even if you think you won’t get caught, the drawbacks and fines just aren’t worth the risk. In fact, if you are in the middle of the construction and an inspector requests to see your permit, you must be able to provide it on hand or they will order you to completely stop construction. At this point, you risk having an open house or the city demanding that all unauthorized work be demolished. If it has come to this point that the cost of the permit is just too much, consider selling your home for cash to a reputable home buying company.

Read also: How to Buy a House With No Money in the Bank

The last positive of selling your home for cash is that you will have more available funds to complete your next project and you won’t have the fear of doing the work without permits. By completing a cash deal, you can use a large portion of that cash for a down payment on a new home, and still, have money left over to complete and add ons or new construction projects.

Starting any type of construction without the proper permits can seem like a sneaky, cost-saving opportunity. The idea of increasing your home value is appealing to everyone, but you have to do it the right way. If you don’t want to pay the permits, consider reaching out to a home buying company that will buy your house as-is. Never, under any circumstance let someone tell you that it is ok to build/remodel your home without the proper permits unless of course, they are willing to pay the fines and backlash that may come afterward.

Read More:

  1. 6 Expert Tips For Finding The Right Home To Buy
  2. Buying Or Selling A Home In Seattle?
  3. Buying Your First Home In St. Louis
  4. Don’t Relocate Until You’ve Answered These Questions About Your New Neighborliness

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

View all posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Related

Solicitors

Choosing The Right Conveyancing Solicitors For You

Buying your dream home is something fascinating and one of the most significant purchases that you may ever make in your lifetime. You will need a solicitor to help you, and most people will turn to their colleagues and friends to give them some referrals. Without knowing what these conveyancing solicitors do and what you require of them, you will not know who is right for you. Listed below are some tips to help you find the right choice for you. What Is The Difference Between A Licenced Conveyancer And A Conveyancing Solicitor? Conveyancing is the legal process of buying and selling a property. A conveyancing solicitor is a solicitor who is legally trained and works in property law. A licensed conveyancer mainly focuses on property sales and purchases but does not have the same training as a solicitor. Both of them are legal professionals and will ensure that they handle payments and also make you a rightful legal owner of a property you have bought. Factors To Consider Costs Before choosing one, you should ask for a breakdown of all the costs, not forgetting disbursements such as stamp duty and stamp fees. If they do not tell you how much it will cost upfront, then avoid them. It shows that they are not honest in their dealings. Also, avoid quotes that are suspiciously low. This may mean that they are not well experienced and may do shoddy work. Ensure that you get one that has an affordable rate and also good at their job. Do Not Use Conveyancing Solicitors Recommended By Estate Agents You may find that some estate agents will pressure you into choosing a particular solicitor. You may think that they have your best interests at heart, but this may not be the case. Most of them are given a big commission and hence, will be doing it for business. You should know that you are not obligated to use the one that they recommend. They may suggest a firm that is not right for you and will be more expensive due to the commissions. Reviews One of the best ways to know if a particular firm is right for you is by looking at their reviews. You will need to ensure that they are legitimate to start with. One of the ways to know this is when you find all the reviews are excellent. As much as that may mean that they are good at their job, we are all human and there is always at least one client who had a minor issue. You could do more research and check on their social media reviews and those on their websites. By doing all that, you will get what you were looking for. Avoid those with many bad ratings since it means that they are incompetent. Also, those with no ratings may say that they just started the job recently. It is prudent to choose the right conveyancing solicitors for you since you have a significant investment at hand. With the above points, you will be able to select the right one for you. Read Also: Seven Questions To Ask Before Hiring A Conveyancer How A Solicitor Can Help You To Set Up A Business

READ MOREDetails
Commercial Leasing Agent

What Is A Commercial Leasing Agent?

A commercial leasing agent is a professional responsible for finding tenants for commercial properties and negotiating lease agreements on behalf of the property owner. The retail leasing agent may work for a property management company, a real estate company, or an independent contractor. They are responsible for marketing the property to potential tenants, showing it to interested parties, and negotiating the lease terms. They may also be involved in the management of the property after the lease has been signed, including collecting rent and handling maintenance issues. Commercial leasing agents play a vital role in the real estate industry by helping owners find suitable tenants for their commercial properties. These professionals are responsible for marketing the property to potential tenants, showing the property to interested parties, and negotiating the lease terms. One of the primary duties of a commercial leasing agent is to market the property to potential tenants effectively. This may involve creating advertising materials, such as flyers or brochures, and placing ads in various media outlets. They may also use their contacts in the real estate industry to find potential tenants. In addition to marketing the property, commercial leasing agents are also responsible for showing the property to interested parties. This may involve conducting property tours, answering questions about the property, and highlighting its features and benefits. Once a potential tenant has expressed interest in leasing the property, the commercial leasing agent is responsible for negotiating the lease terms. This may involve discussing the length of the lease, the amount of rent that will be paid, and any other terms or conditions of the agreement. The commercial leasing agent must be skilled at negotiating and able to advocate for the interests of both the property owner and the tenant. In some cases, commercial leasing agents may also be involved in the management of the property after the lease has been signed. This may include collecting rent payments, handling maintenance issues, and communicating with the tenant as needed. Overall, commercial leasing agents are crucial in helping property owners find suitable tenants for their commercial properties. They are responsible for marketing the property, showing it to potential tenants, and negotiating the lease terms. Their expertise and skills help ensure the property owner and the tenant are satisfied with the leasing arrangement. How To Become A Commercial Leasing Agent? To become a commercial leasing agent, you will typically need to have a high school diploma or equivalent and complete some form of training or education in real estate. Some states may also require you to be licensed as a real estate agent to work as a commercial leasing agent. Here are some steps you can follow to become a commercial leasing agent: Complete A High School Diploma Or Equivalent Most commercial leasing agents will have a high school diploma or equivalent as a minimum educational requirement. Consider Earning A College Degree In A Related Field While it is not always necessary, some employers may prefer to hire candidates who have a college degree, particularly in an area such as business or real estate. Obtain A Real Estate License. Depending on the state in which you live, you may need to be licensed as a real estate agent to work as a commercial leasing agent. To obtain a license, you will typically need to complete a certain number of hours of real estate education and pass a licensing exam. Gain Experience In The Field While you can start your career as a commercial leasing agent with little or no experience, gaining experience in the field can be beneficial before starting in this role. This might involve working as a real estate agent or in a related field, such as property management or sales. Build A Network Of Contacts In The Real Estate Industry As a commercial leasing agent, you must be able to market properties and find potential tenants. Building a network of contacts in the real estate industry can help you to find leads and learn about new properties that may be available for lease. Consider Obtaining Additional Certifications Or Training Some commercial leasing agents obtain other certifications or training to enhance their skills and knowledge in the field. For example, consider earning a Certified Commercial Investment Member (CCIM) designation or completing a course in property management. Commercial leasing agents are professionals responsible for finding tenants for commercial properties and negotiating lease agreements on behalf of the property owner. They are skilled at marketing properties, showing them to potential tenants, and negotiating the lease terms Commercial leasing agents may work for a property management company, a real estate company, or as independent contractors. They may also be involved in the management of the property after the lease has been signed, including collecting rent and handling maintenance issues. To become a commercial leasing agent, you typically need a high school diploma or equivalent and may need to be licensed as a real estate agent. Gaining experience in the field and building a network of contacts in the real estate industry can also be beneficial. Additionals: What Is Property AR? Benefits of Investing in City Centre Property 7 Tips To Purchase A Prime Real Estate Property

READ MOREDetails
property investment

Investing in Property is Investing in Your Future

The idea of investing in your future is something that many people think about but don’t know how to start. We all know that planning for the future and looking ahead is something we should do, but the specifics can be hard to pin down. Whether you are trying to plan for your retirement, for your children’s future, or for your company, having long-term plans and goals is an important consideration. When it comes to preparing for your future, it is worth thinking about investing as an option, especially if you are uncertain about if or when you will retire. Property investment is a lucrative and worthwhile strategy for continuing savings and it brings both monthly returns and potentially large profits when the time comes to sell. Investing in property is one of the best ways to prepare for your financial future. There are two major benefits to property investment and the first of these is rental income. If you are considering investing in buy to let property you can earn a monthly rental income from the tenants who are living in your property. The second benefit is capital appreciation – the amount that your property goes up in value by while you have the investment. If you are able to find a property with high yields, you will find that the investment can pay for itself after a few years, meaning that in the future your property is just making more money. Property prices in the UK have risen by an incredible 281% since 1996, and in London, prices have risen by 501%. According to the Nationwide house price index, buy to let property investors typically earned returns of £14,987 for every £1000 that was invested twenty years ago. Having a long-term property investment strategy can lead to greater financial independence and if you can afford to invest early, you can benefit from a longer amount of time for the property to go up in value. Many successful property investors have used the profits from selling one property to build up a portfolio and can live comfortably off their rental earnings into retirement. There are some considerations when it comes to property investment that it is important to be aware of. If you need to get money out of your investment quick, selling a property can be a long and expensive process so it is important you have a backup plan too. There are also other fees, costs and tax implications that you need to consider before investing in property, like ground rent for an apartment or stamp duty. However, there are many more benefits to property investment. Property investment remains one of the most popular and trusted investment strategies and many people have become incredibly wealthy by investing in the right property at the right time. It is important that you think carefully before investing and choose a property that is a great bet for the future. Property investment specialists RW Invest have a range of buying to let properties available at below market value prices, with guaranteed rental yields for a set period, allowing you to plan your investment and returns. Property generally appreciates considerably over time and this can make owning a property in a high growth area a smart investment for the future. You can hold on to a property while its value appreciates and as you are earning rental income at the same time, owning a buy to let property is a profitable situation to aim for. Read Also: Benefits Of Investing In City Centre Property How To Sell Your House Fast?! Five Must-Know Tips To Move Your Property!

READ MOREDetails