Author Archives: Michael Abdy

What’s One Thing That Can Prove a Home’s Value and Avoid Litigation?

Permits exist for a reason — they provide homeowners with additional protection

Takeaways:

  • According to the BuildFax Index, approximately 7 million building permits for non-replacement residential work were issued in the U.S. in 2014 — only a small percentage of the work performed nationwide by contractors.
  • Without a building permit, home sellers and their listing agents are responsible for violations and fines that can cost plenty.
  • According to the American Bar Association, banks might refuse to make a home loan if no permits are available, and it is obvious that the house has been renovated.

According to the BuildFax Index, approximately 7 million building permits for nonreplacement residential work were issued in the U.S. in 2014.

But these building permits represent only a small percentage of the work performed nationwide by contractors for additions, remodels and alterations. Continue reading