Keep our paperwork? But we will NEVER SELL OUR HOME!
Many people build or purchase a home with the intention of owning it forever. Little do they realize that life events dictate their direction. Some past clients recently put their home on the market after 20+ years.
In that time, they hired a contractor who added on to the square footage of the home and built and workshop in the back yard. All permits were pulled through the building department and signed off with inspections.
Flash forward to today.
Potential home buyers will require documentation to be available to them when performing their 'home work' based on the Buyer's Due Diligence form and Seller's Property Condition Disclosure form.
Some appraisers may require the paperwork when assessing the property's value if buyers are getting a mortgage and home inspectors will evaluate the condition of the home, paying close attention to the SPCD.
Going through the proper channels when improving a home is essential to the overall health of a home. Shortcutting or doing it yourself without little or experience can have adverse effects when time to sell.
My advice to homeowners:
File all documents that pertain to remodels, repairs and extending square footage of a home, garage, outbuildings in a very safe place so -if and when- the home changes ownership, you can provide a viable paper trail immediately rather than searching through 20+ years of history.
Buying or selling a home in southern Utah? Call me at 435.632.9374 or contact me at email@example.com to help because Wanda Can!
A portion of every successful real estate transaction goes to Bed 'n' Biscuits to help fund Switchpoint, a local homeless shelter.