Quote:
Originally Posted by ken0042
I've heard of fines of around $500-1000. (if they catch you of course.) One big issue you can face is when you go to sell, if the work isn't on record the buyer has reason to void the deal if one of the conditions is "subject to home inspection." May not be an issue in our current hot real estate market, but who knows what 5 years down the road will bring.
I'm also not sure if there's legal or insurance issues if you get a flood or an electrical fire due to a fault in an un-inspected basement development.
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Strange..
I had a home inspection done on my house when i bought it (2001)...no issues and never said anything negative. Just on my property taxes / city assesment it shows up as un-developed basement from day 1 when it's been developed from before I moved in. It was sold through a realtor as well, nothing private or on the side.
I assume the previous owners didn't get the permits and thats why the city doesn't know. But i'm certainly not complaining.
