Colorado Springs Vintage Homes Blog
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5 reasons lack of building permits cause big problems
Building Permits are Important
I recently attended an inspection at a home in Colorado Springs for a client who lives out of state; and one of the first things the inspector said to me is that he noticed the basement had been finished without a building permit. These are not words that any Realtor wants to hear, it can definitely cause some problems and discussions with a potential buyer. Hence, I thought I’d type up my top 5 reasons that additions and basement finishes without permits can cause problems:
- There is no way for a buyer to know if an additions and basement finishes were built/refinished in accordance with local building codes when a permit wasn’t pulled; which brings up a whole host of other questions. One of the reasons the building code was enacted was to insure a minimum standard for construction, electrical, and mechanical work. When permits aren’t pulled, safety and quality of workmanship can definitely be a concern.
- The lack of building permits can often impede the sale of a property; buyer’s don’t want to purchase a property that doesn’t have permits.
- The lack of building permits can and will come up during an inspection for a potential buyer. In today’s real estate market, which is a Buyer’s Market in Colorado Springs, there are many properties for Buyer’s to choose from. The lack of permits can cause a buyer to walk away from a property they want to purchase. Read the rest of this entry »
Colorado Homeowners, don’t remodel until you read this!
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I
f you’re thinking about doing a little work on your home, make sure you understand the VALUE it will add to your house. There are many reasons to improve your Colorado Home, but don’t expect to get dollar for dollar back on your home improvements costs. One of the most important articles to read is published by Remodeling, as they put together a great report called Remodeling Cost vs Value Report 2008.
As mentioned by the article, despite home price drops in many cities, including cities in Colorado, remodeling projects are holding their own as a way for homeowners to add value.
What I really liked about the article is that it broke things down by regions instead of grouping everyone together. We all know that things cost different prices in different areas, so this was a plus.
According to the information on the web site: Read the rest of this entry »
