August 1, 2013

Is unpermitted construction worth the risk?

By Marcie Geffner - HSH.com

The freedom to do whatever you want with your home is an attractive benefit of home ownership. For some, that freedom means converting a garage into a bedroom, adding a deck, enclosing a sun porch or making other improvements without getting a building permit.

But if you buy a home with unpermitted renovations, it can create a financial nightmare for you, the new homeowner.

Unpermitted renovations aren't easy to uncover, says Kim Bregman, broker/owner of Optima Properties, a realty brokerage in Boca Raton, Fla. One way to find them is to look for anything in the home that appears to be inconsistent with the original floor plan.

Read more:
http://library.hsh.com/articles/first-time-homebuyers/buying-a-home-with-unpermitted-construction.html