It’s hard to fathom the nightmare which is having to tear down a new addition or remodel because it no longer meets code. We understand, there are costs associated with having proper permits for each new section of your home, and you’re on a budget. Trust us; when the time comes for you to sell the house, you will regret skipping out on the process. It may seem like a pain at the time, but the top remodeling companies will tell you that permits are extremely important for even small jobs. We’ve got the reasons why, and we hope they’ll sway you to do things by the book.
The big reason many people opt out of paying the few hundred dollars for permits on new work is cost. That few hundred might add up, and if you swank out a spot in the home, your property taxes could go up. The assessed value of the home is what property taxes are based on, so you may purchase it for a low cost, do a lot of upgrades, and find your taxes significantly higher than you expected. It can be a deterrent for homeowners on the fence about pulling permits, but chances are it won’t matter regardless. Nearly always, the truth comes out, and you end up paying off of those upgrades regardless. Instead of trying to dodge the additional cost, factor it into your renovation budget and move forward from there.
Issues arise with not having proper permits during a home sale. When you choose to sell your home, an appraiser will come in and assess your home’s value. This appraisal is what’s used to put the house on the market, and what determines how much money you make out of the sale. Several factors go into a home appraisal, including location, lot size, and upgrades. The upgrades section of this appraisal is where permits come into play; should you add a room, the home’s value would automatically go up. Should you add a room without the proper permits, the home’s value is going to be… Nothing. You cannot sell a home without permits on the upgrades without being faced with the choice to either permit it after the fact or tearing the renovation out.
In short, making sure you have your permits before starting construction on a renovation can save you time and money in the long run. Instead of dealing with sellers demanding you rip out your awesome backyard wet bar, you can demand more money for it. Having permits on the home renovation is guaranteed to ensure you’re working with the least amount of hassle for when you choose to sell the home. Don’t be afraid to ask your Las Vegas contractor what’s required to follow the legal path of the road. They’ll be able to guide you each step of the way!
