filing permit

Whether Buying, Selling, or Renovating, Make Sure You Budget for Permits

No one likes surprises. When it comes to renovating or getting work done on your home, the price tag alone for the work may be enough to make you crack the piggy bank. But if you have to add in permits on top of that, it could feel like you signed up for more than you bargained for.

That being said, if ever you hire a contractor to do work on your home, make sure they are licensed to do so and consulting your local municipality to file the proper permits. This allows a town inspector to come by and approve the work, whereby you’ll avoid a number of headaches down the line.

By “down the line” I do mean if and when the time comes to sell. Opened permits are important, but failure to close them can be the surprise you never asked for. Hypothetically speaking, if you’re looking to sell your house, you’ll likely need to show proof of any permits done on the property throughout the time you lived there. Opened and closed permits are done and done. Opened but unclosed permits is where it can get a bit expensive.

Most towns have a set time in which an opened permit can be closed before a late fee is applied. I recently worked with a client who purchased a home with SEVEN open permits, each of which was three years or old and, as a result, would cost $50 – $100 each to close.

While the process of opening and closing permits can be a tedious one, staying on top of the work as its done will not only ensure the smoother home transaction down the line, but also save you money in the end.