When it comes to making improvements on your home, as tempting as it may be, don’t cut corners by not pulling permits when you are adding an addition, or making major renovations. Failing to pull permits can have serious consequences when it comes time to sell or refinance your home.
One key reason why pulling permits is essential is that appraisers will not count any additional square footage that was added without the proper permits. This means that all the time and money you invested in expanding your property may not be reflected in its official value, potentially leading to a lower appraisal and a reduced return on investment. In my experience not only does it not add value, but it can actually decrease the value of your home.
By obtaining the required permits for your property additions or renovations, you are not only ensuring that your improvements are done in compliance with local building codes and regulations, but you are also safeguarding the value of your investment. Pulling permits can also protect you from potential legal issues down the line, as unpermitted work can cause complications during property transactions.
Look, I get it! Pulling permits may require additional time and money upfront, but in the long-run, the benefits far outweigh the initial costs. By doing things the right way and obtaining the necessary permits for your property improvements, you can increase the overall value of your home and avoid any potential setbacks in the future.
So when it comes to adding value to your property through renovations or additions, pulling permits is a crucial step that should not be overlooked. Investing in the proper permits will not only protect the value of your investment but also ensure a smooth and successful property transaction when the time comes to sell or refinance your home. It’s always worth spending that extra money and time to do things the right way.
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