N.B.Taylor & Co., Inc. Realtors



Posted by N.B.Taylor & Co., Inc. Realtors on 4/8/2019

Buying a home without of permit for remodeling comes with a lot of risks. Searching for a home to buy can be an exciting undertaking, but there are numbers of factors to consider before purchasing a house. You should find out if the house has a permit for remodeling and if the home you are about to buy has had improvements, you need to know whether those improvements were permitted. 

Most times, homeowners end up with unpermitted renovations to save time and money. Your county building inspector has to ensure that all homes comply with the existing laws that pertain to home remodeling. They also have the authority to enforce the rules. What happens if you are buying a house without a remodeling permit? Here are some risks involved: 

You will not be aware of renovations 

One of the dangers of buying a property without a remodeling permit is that the buyer will not know about the past improvements that have been done. There are disparities in state laws when it comes to the amount of information a seller must disclose to the buyer. It is always better if a seller can still provide a buyer with all the necessary documentation. 

The Buyer will be responsible for fixing the problem 

If the code enforcement department in your locality discovers that you the buyer is working on remodeling without a permit, you are regarded as the current occupant of the home and will be responsible for the payments of penalties and licenses. This applies even if the occupant has just purchased the house and knew nothing about it. To fix the issue, you might be required to make minor changes or tear down some parts and rebuild. You might also be ordered to remove all the unpermitted remodeling. 

You may be asked to pay back taxes 

Owing some taxes is another risk associated with buying a house without renovation permit. If the taxing authority in your locality discover that remodeling took place without permission, the present occupant may be liable for paying back taxes due to the increased value of the home. Apart from paying back taxes, it could also attract penalties and interests which would cost you more than you initially planned for.

If the remodeling work is done without a permit, it may not be covered by your insurance. 

In most cases, unpermitted remodeling is not covered by insurance. Therefore, if anything happens to any unpermitted addition in the home, the claim will be denied by your insurance company which could set you back thousands of dollars in the future.

Make sure to speak with your real estate agent to confirm that you have all the necessary rights to remodel your new home to your taste without penalties.




Categories: Uncategorized  


Posted by N.B.Taylor & Co., Inc. Realtors on 6/27/2016

What will boost your home's value? You want to add a sunroom but will that bring in the biggest bang for your buck? How about a new bathroom? It's a common question that many homeowners ask. What will we get back when we sell? This can be a hard question to answer but luckily Bankrate.com and Remodeling Magazine has come up with a list of the worst home fixes for the money. Here are the six improvements that ranked dead last nationally when it comes to getting those renovation dollars back at resale. 1. A Home Office-The standard home office renovation is this year's biggest loser in the resale value sweepstakes. Nationally, homeowners spent an average of $28,888 and can expect to recoup about 45.8 percent at resale, according to the report. If you want to enjoy a home office opt for something that is easily converted back into a bedroom or den. 2. Backup Generators-This only usually brings about negative thoughts like does this home loose power often? On average, when homeowners have a heavy-duty backup power generator installed, they spend about $14,718, according to the report. The average amount of the price recovered at resale time: 48.5 percent. 3. A Sunroom-While the thought is sitting and enjoying a sunroom may sound lovely to you but the addition of a sunroom is often more than you can recoup. The national average for a sunroom addition is $75,224, according to the report. Homeowners can expect to recoup about 48.6 percent when they sell. 4. A Master Suite-It is the price tag of this addition that can also leave sellers in the red. For a super-deluxe master suite addition -- which adds square footage and uses only top-dollar materials -- the average cost is about $232,062, according to the report. Sellers can expect to recover about 52.7 percent at resale. 5. An Extra Bathroom-Wait kitchens and bathrooms sells houses or that’s what people say. Bathroom additions are very expensive. For a moderately outfitted addition with synthetic stone or plastic laminate surfaces, plan on the cost about $21,695, according to the Remodeling report. Go upscale, with finishes like premium marble or fine tile, and you can easily spend in the neighborhood of $40,710. You can plan on a return of about 53 cents on the dollar. Look for less-expensive way to get the same results. Try reconfiguring your existing space to add a bathroom for less. 6. A Dream Garage-The price tag for a top-of-the-line detached two-car with all the trimmings is about $90,053, according to the report. This is a garage that is completely top-of-the-line. You can expect to recover about 53.6 percent of that when you sell. Instead go for function over form and stick the basic garage if you plan on a garage project.  





Posted by N.B.Taylor & Co., Inc. Realtors on 1/12/2015

When spending big money on remodeling and upgrading your home, getting the most return for your investment is key. Spending $20,000 on an upgrade that isn't going to add value to your home may please you in the moment, but not when your trying to sell and get that money back. There are areas that are worth the investment and some that are not. The basic ares of your home are important to focus on. Things like your roof, furnace, and siding are all big investments that bring a big return. Potential buyers don't want to buy a home that they will need to sink thousands of more dollars into right away. Having a leaky roof will only deter people from making an offer. But being able to show that these essential areas are recently upgraded will give buyers the peace of mind that big maintenance costs won't hit them abruptly. The 2 rooms in the house that are always heavy hitters as far as return on investment is the kitchen and the bathroom. Making sure to upgrade these rooms to be both functional and beautiful is important. No one wants to buy a house that has a beautiful kitchen that doesn't have enough counter space, or the traffic flow doesn't work. Homeowners often find they get at least 100% return on investment in these 2 rooms. Other things to consider are the curb appeal of your home, and adding space. Both are considered to be high in the list of things to remodel. Curb appeal is important because it's going to not only draw buyers in, but also give a sense of a well maintained home. If you yard is in shambles, your home probably is too. In regards to adding space, every 1,000 square feet adds about 30% to the value of your home, so additions can be well worth it. Homeowners are always looking for homes with extra rooms for things like hobbies or exercise equipment. The only thing to be aware of is you don't want to expand your home so much that the value supersedes those in your neighborhood, so keep the additions reined in. Upgrading your home can not only make it a place for you enjoy even more, but also add significant value to it. But what you choose to spend the money on is key. Investing money in the wrong places will only leave you with wondering if you should have made a different choice.




Categories: Home Improvements  


Posted by N.B.Taylor & Co., Inc. Realtors on 9/8/2014

Buying a home is still one of the best ways to build wealth. If you are looking to add value to your home without breaking the bank there are many projects that will increase your home's value for less than $1,000. One thousand dollars can go a long way when it comes to home improvement projects. If you think and plan smart your profit should outweigh your investment. Here are a few projects that will give you the most bang for your buck. 1. Organize Your Home Declutter your home by organizing closets, cabinets and pantries. Add bookshelves for more storage. Maximize space in the kids’ rooms by installing platform or bunk beds. A neat and organized home is easier to live in and shows better to potential buyers. 2. Make an Entrance Simply updating and replacing your entry door will spruce up your curb appeal. Not only will the new door look great it can also help save money.  Adding a steel door will save on energy. Most of the new steel doors are made to look like wood. A new door will cost approximately $400. 3. Install a Programmable Thermostat. Another way to save money is to switch from a manual to a programmable thermostat. Prices vary greatly on these thermostats but don't expect to pay more than a few hundred dollars for a high end model.  A programmable thermostat can save you $180 a year in energy costs. 4. Update your Cabinets Cabinet hardware makes a huge difference on how new your kitchen looks. Simply update the cabinet hardware by installing new knobs and pulls in more modern metals and looks. Most large hardware store have a large selection of hardware you can usually buy a 10-pack for approximately $20. 5. No more Bathroom Blues Bathrooms can be one of the most expensive updates in a home. You can give a bathroom a quick facelift by replacing old tile. Vinyl tiles are inexpensive and easy to install or with ceramic tile can cost as little as $3 per square foot for material and installation.





Posted by N.B.Taylor & Co., Inc. Realtors on 6/25/2012

After numerous years of living in your home, you will soon become bored of the same decorations and furnishings, or at least stop appreciating them. This in turn can create a dull environment to live in, which is the last thing you want in your home. By following these tips in how to spruce up your house, you can ensure that your home always looks vibrant and welcoming. Sprucing up your home does not have to cost a lot of money, as you will find that there are many bargains available when it comes to finding decorative items. In fact, one way to get these bargains is by shopping online, as many reputable home decoration stores have great offers available. The first thing to keep in mind as you begin creating that new look in your home is that you should always work towards a theme. In fact, this is one of the most important tips in how to spruce up your house, because without the right type of theme, you will find that your decorations can look very noisy to the eye. The best way to begin sprucing up your home is by focusing on one room at a time, and as you finish that room, you can then gradually move onto the next room. By taking this approach, you will be able to focus on that theme, and you will also not feel overwhelmed in the process. Lastly, keep in mind that it is necessary to get the input of your family, because this will ensure that everyone is happy with the overall new look of your home.