For example if you have a two bedroom property but the second bedroom was built without a permit you might choose to value the property as one bedroom.
Purchase a house without a roofing permit.
Bill gassett is a nationally recognized real estate leader who has been helping people buy and sell.
Click to tweet buyers risks associated with unpermitted work.
Many homeowners will simply try to pass off a house to unsuspecting buyers without disclosing unpermitted work and let them deal with the consequences.
And here are some of the problems that could come back to haunt a homeowner who moves forward on a do it yourself project without a permit.
When buying or selling a house it is vital to have building permits for any construction or improvements.
The price is pretty good and without too much effort well at least in construction except with the installation of some windows building consent may be another story since the rumpus isn t actually consented p there is the opportunity to convert the rumpus to 2 bedrooms and a bathroom which could majorly increase the value of the house.
Always remember that buying a home without the proper building permits is risky business.
With the best deals there is always a catch.
Ask seller for building permit before.
Still all hope is not lost if your contract is already signed.
It was certainly in your interest to build.
Building without a permit for building back in the days of our grandfathers getting planning permission wasn t part of the routine.
Depending on the amount of risk the buyers will assume with the unpermitted work they might run into problems financing the sale through a bank.
Building without a permit was absoultely common.
You could build anything you wanted at your own risk as long as it was on your own property.
Buying a home without performing due diligence is as irresponsible as the homeowner who doesn t pull permits says hillman.