My advice is to look at homes that have permitted work. When you start with something like this, there are often problems particularly if your funding is FHA.
You have to consider that a tradesperson who cannot be bothered to get a license (or can't get one legally for some reason) does not take pride in their industry or in their work. I've seen many very poor jobs done by these people, including electrical work that was so bad it had to be completely removed by a licensed electrician!
Building permits insure the "minimum" of safety and standards, and have been put in place to protect YOU..the consumer.
Think about how an "unpermitted" work can be KNOWN:
The Pre-Title will not show it.
The Listing usually won't show it.
The Seller's Disclosure might list it; if the Seller knows about it, remebers it, and is honest.
Usually, it is the INSPECTION which find it; by the telltale sign of shoddy workmanship.
It can also be that the County Records indicate a 3/1, and what you see is a 3/2. (but this could have been corrected on a previous sale.)
My point is, with good workmanship, un-permitted work can be hard to find.
Now, if you are doing this right, you are including an Inspection Contingency in the Offer:
And your Inspector find something; then you can exercise your options:
You can walk away, or,
You can work with it, get a County Building Inspector to tell you what must be done,
You can negotiate with the Seller,
You can accept it and do what you must, after the Escrow Closes.
You may be limited in your choices by the Lender's guidance.
Good luck and may God bless
If you need any help I can help you get through this process smoothly. I have some great loan contacts too that will make this very easy for you.
Call me now
"NEAL KNOWS LOS ANGELES AREA REAL ESTATE"
Real Estate and Financing
10940 Wilshire Blvd. Suite 1600,
LA, CA 90024 | Office:
I work with an AMAZING loan officer from a bank and she specializes in renovation loans...
is you send me an email or message I can give you her contact information... you owe it to yourself to check with her and then decide what you want to do... always get various opinions...
Unpermitted additions can cause you huge problems.
If you are a FHA buyer you will surely NOT get your loan funded.
Plumbing problems are one of the most costly to repair, you should NEVER attempt to buy a home with an unpermitted bathroom. Who knows what corners were cut?
Inventory may be a litttle low now, but times are not so hard that you should even get tempted at buying a home with an unpermitted anything!!!!!
Best of luck to you.
Kawain Payne, Realtor
Think that way: You are inviting a business partner, the lender in this adventure, but your partner wants to see if there is not risk for its investment, if all permits are in order, If instead of make business is a problem in a near future and everything is according of the size (percent) of the total purchase price. That property has one, two unpermitted bathrooms, the city finds out and ask you to get the appropriated permits or demolish them, you willl need money to get the permits to demolish, or make with the build code, maybe pay the penalties involved and if after that you have enough equity in the home to cover their investment (loan), they may give you the money, but everything is up to them and how flexible they want to be. SoCaAL
RPM | Los Angeles
Cell: (310) 995-0975