A building permit is necessary for many remodeling projects. Unfortunately, many homeowners forego this legal requirement to reduce cost and get the job done quicker. And there's no shortage of homeowners who've done a little updating, made an addition, or completed some type of remodeling. In fact, if you were to poll 100 local homeowners, you'd probably find that 80 to 90 percent have done work without a building permit, jokes real estate professional, Elizabeth Weintraub, writing in About.com.
But that lower cost and time saving might be all for naught when it comes time to sell the home. And homeowners that want to sell their properties with work done without building permits will likely face some unpleasant challenges and equally as likely to incur some additional expenses.
No Building Permit Impact
The reality of the situation is that when you put your home on the market, you're inviting a lot of scrutiny. And not just potential buyers walking through your home with white inspection gloves. A home placed in the Multiple Listing Service or MLS, will have to be gone through room by room by a home inspector and be appraised by the lender if the Buyer is financing.
Home owners may be... read article
Townhomes and condos, they seem to be very similar, but in reality, they're worlds apart. Aside from being adjoined, or semi-detatched, from other units, there are a number of differences between the two types of properties. What's most interesting about the differences between townhomes and condos is though they share many common attributes, such as having an official association, having common areas, like a pool and clubhouse, and being built in a pre-planned community, the legal distinctions are quite stark.
Most people don't make a big delineation between the two types of community structures. They're often considered to be something of the same, especially when compared to single family homes. But when you're in the market to purchase a new home, you ought to know the local market conditions and the pros and cons of townhomes and condos.
Differences Between Townhomes and Condos
Okay, so you're in the market to purchase a new property. And there's townhomes and condos going up all around you. You've been looking at single family properties, but the landscaping maintenance is something you just don't want to do. You also want to be in a gated community and have access to a pool and clubhouse, and that's... read article