Multifamily homes means more than 1 family can live in that home. Typically, the hone will have 2 or 3 separate entrances OR 1 front door entrance with a vestibule and 2 separate entrances inside.... more
Ig I understand this.....this addition was put on without obtaining proper permits?? That was taking quite a chance if there had ever been a fire or some catastrophe - your insurance policy might have refused to pay for any repairs since, by your own words, the apartment was illegal..
I'd think you need to "legalize" the apartment first, before you can attempt a refinance.
I am surprised it wasn't an issue when you bought the house from your mom, unless you paid cash.
You'd have to first find out if the apartment is legal - if the neighborhood is zoned to allow an apartment in the first place.
Start by calling the town zoning department and asking.
Then you will most likely need to have the building department in to inspect the work that was done to make sure it meets code requirements.. If it (the addition) was never inspected, you will also need to then have the town assessor in to recalculate the taxes, as the addition, legal or otherwise, adds value (if it's allowed).
Time to fess up and get this taken care of.
You should also speak to a lender, and see what their take is on this.
I have lived in Harborfields school district for 29 years and raised 4 children here. I can tell you that prices have fluctuated since 2009, initially declining slightly and more recently increasing. There are also areas within the district that maintain their value, regardless of market statistics. The award winning school district , strong sense of community, proximity to beaches, museums and nearby Villages, consistently attract Buyers. I serve all of Long Island, but specialize in the towns on north shore of Long Island and would be delighted to hear from you.
April Hughes Kaufman, CBR, SRES
Licensed Assoc. Broker
Signature Premier Properties
We are seeing an increase in prices and the market is busy. Over the last several months, I have had several buyers involved in bidding wars. Houses are selling and the ones that are priced competitively and compellingly, have multiple offers and are going quickly.
Please feel free to contact me to discuss it in detail.
April Hughes Kaufman, Licensed Assoc. Broker, Signature Premier Properties 631.827.8000... more
You have so many options the North Shore extends for miles and miles, as others have suggested, I would recommend 1st to contact an agent and she if he or she will be the right fit for you. Listening and respecting your needs are the most important part of the process, 2nd price point so that he or she will provide you with locations for you to consider. Then commit to hiring agent to work for you exclusively and get the ball rolling. What is your time frame to move?... more
As a mortgage broker I have several lenders to work with and one of them may just be the right fit. If you can provide me with more information then only it will be possible to determine. My contact information is given below.
Sanjeev Ahuja, NMLS #148731
Home Funding LLC
110 Jericho Turnpike Ste 214
Floral Park, NY 11001
Direct Phone 917-517-2552
NYS Registered Mortgage Broker, Dept of Financial Services, Loans arranged through third parties (NMLS # 885573)... more
Hello, I have a space available in Williamsburg, Brooklyn that may fit what you're looking for. It has a private backyard as well. If interested, feel free to call me at 609.947.4789 or email me at email@example.com. Thanks!... more
Hi my name is Vanneth Joseph-Gonzalez a Real Estate Agent. What sort of questions do you have? I will be happy to help you throughout the whole process. Call me now for more information. 516-909-7969 Thank You.... more
I would be happy to have one of my agents assist you . Beware of craiglist ads although many rentals ads are legitiment many are there because apts lack the proper safety requirements to qualify for COs. Rentals listed thru MLS are required to be legal and therefore meeting all safety code requirments. Good Luck