One of the stickiest questions on a seller disclosure form asks whether permits were obtained for any remodels that were done ...
Yikes!
Without a doubt, that question and all others on the Disclosure must be answered honestly. But it's a sticking point with some Buyers and I have to wonder how this is being treated by appraisers. After all, every jurisdiction has its level of necessary permits. Some list a permit necessary to install a fence, reroof a house, even move a light fixture. Sigh. There are fees involved and time!
With the prevalence of all the DIY shows, big box hardware stores, books and books and books of easy instructions, etc., homeowners are readily attempting ... and succeeding very well! ... at "do it yourself" projects around the house. Adding light fixtures. Adding a shower stall. Replacing roofs, Sprinkler systems, hot water heaters. Converting garages into rec rooms. You name it. It happens everywhere.
Even in my own household. I live with "Mr. FixIt." And he's daggone good at what he does. He's removed ceilings to expose gorgeous beams. Added recessed lights. Wired surround sound speakers. Replaced toilets. Laid tiles.
Should we have permitted these DIY projects? Maybe .. Probably. But ... hanging my head here ... we didn't. And I know we're not alone by the remotest stretch.
What impact will these "within the house, diy projecs" have on resales and appraisals? With the prevalence of FHA & VA loans right now ... and the more sticky appraisal processes in place, what do you think? Are we all going to be "tarred and feathered" at the time of sale?
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