Should one buy a home that has significant renovations done to it without any permits obtained from the city?
The home in question was sold a couple of years ago for $850k. Recently about $350k-400k worth of renovations were done to the home and it is now listed for $2m.
When I asked the listing agent if required renovation permits/approvals were obtained from the city, he gave a vague response. I checked with the city, and they confirmed that no permits were issued in the last 20 years on this property. I'm worried that there are significant changes done to the property and the new owner may have to deal with the city in case if any issues come up later.
Some of the changes include a new basement apartment, a staircase going to the basement through the garage, a new terrace, an extension of the family room to cover the porch, etc.
Would be interested in learning from you guys if I am being over cautious or renovations without permits are common? Thank you in advance!
When I asked the listing agent if required renovation permits/approvals were obtained from the city, he gave a vague response. I checked with the city, and they confirmed that no permits were issued in the last 20 years on this property. I'm worried that there are significant changes done to the property and the new owner may have to deal with the city in case if any issues come up later.
Some of the changes include a new basement apartment, a staircase going to the basement through the garage, a new terrace, an extension of the family room to cover the porch, etc.
Would be interested in learning from you guys if I am being over cautious or renovations without permits are common? Thank you in advance!