For homes that are actively listed for sale in Lake Hiawatha, the average days on market is about 108 days. For homes that have sold in Lake Hiawatha over the past 12 months the average days on market is about 80 days. Let me know if there is any other data that would be helpful to you. You can also visit my website which may be helpful also: www.SearchParsippanyHomes.com
When you are purchasing a home one of the things you should always check for is any major projects that where done to the home for ex. addtions, pools, Converting a garage into a living room. And make sure there were permits on all the work that was done.
-If you decide to buy a home without permits then you are taking a risk. Such as safty issues and when you decide to sell the home the next buyers who come in will ask about the oermits and now its your responsibilty. And permits are a pain to get not to mention expensive.
-In your situation with the garage being converted into a livingroom, alot of times buyers are turned off by that even though it adds living space, the house has no garage. These days buyers are big on storage space.
- Taxes I'm not positive on but I would think they would increase becuase there is more living space.
Hope I helped you in answering your questions.
Keller Willams Elite Realtors