To protect themselves from the unknown, most homebuyers today take steps such as researching property appraisals and community crime statistics. Many of these buyers are also unaware of the problems that can result from buying a home with irregularities. Here, you can learn how to avoid this costly mistake by adding a license accelerator to your home buying research "to-do" list. A license accelerator can conduct an independent review of your potential property and catch those costly violations before you buy.
Let's look at a simple example from Brooklyn, New York. We will call our seller Mary. During the real estate boom of 2005, Mary bought a house and built a new home on part of her new backyard. During her closure, filings indicated her additions were built into New York City building codes and the deal was closed.
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Mary decides to sell her property. She has found a buyer and her property is now under contract. During inspections, it was found that the addition was never legally built. The zoning and code files Mary presented at the initial delivery in 2005 were actually forged. Not only is Mary now responsible for thousands of violations, but she also has to pay for the construction to fix the problem. Apparently, the added area exceeds the legal acreage limit by 4 feet under Brooklyn zoning law.
This is more common than you might think, especially in areas with high rates of home "flipping" during the housing boom. Here are four simple steps you can follow to make sure this never happens to you.
How to avoid buying a property with existing Building Violation Removal Services NYC.
Take a close look at properties with additions and renovations. If the structure and components of the home you're looking at are made of the lowest quality materials, there's a good chance that additional bathroom or basement remodels won't meet building codes. If past owners were willing to cut corners on quality of finishes, they might also cut corners in the building department.
Research the owner's history of the property. If it looks like it's being sold and resold every one to two years, it's probably been flipped a few times. This is a red flag and a good reason to call a expediter.
Don't rely solely on home inspectors at closing. Many times, they are loyal to the selling real estate agent and may overlook Violation Removal NYC.
When you organize your finances and are ready to set aside funds to settle expenses, consider about $300 to $400 to hire a licensed collector.
Once you have hired a permit accelerator, they will conduct a property review and zoning analysis of the entire property and the lot on which it sits. Then you can rest assured that your new home is free and clean, ready to move in!
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