Quite frankly, Real Estate must treated like a business. I see way to many business owners do things like keep income off the books, not file for all the proper licences etc... and what happens is when they want to sell ,the business value takes a major hit or even worse it can not be sold! Real Estate is the same way, So if you built that deck, addition or finished your basement and you didn't apply for the proper permits and C of O's you are also affecting your value and ability to sell. I truly believe you should manage your real estate with the thought that if you had to sell today you would be able to get top dollar. This could include zoning changes, such as if you live in a residential house in a commercial district more than likely your highest and best use is commercial. However since its current use is residential you may want to go to the zoning board prior to considering selling to get a change of use. Did you buy your house with a finished basement? In Putnam County if you closed more than 5 years ago chances are that basement is a violation. I have seen this hold up and or kill hundreds of transactions in my career.
At Incline Real property Services we
can handle all your property management and compliance work. We can save you money, time and energy! We also have in house property management. visit our website at www.inclinerps.com or call 845-520-3005
Comments(3)