Permits

[Ian Hunter]

Hello,

I’m looking at a home where the owner built a 700 sq ft unit in backyard, and converted 300sq ft garage into another unit. I haven’t confirmed this yet but I doubt anything has been permitted. With the intention of flipping, how important is it to have permits from the city for work done? Should I price this the same when determining value?

Based on his initial sale price, he wants 378 a square ft.

He owns this free and clear and wants to sell without realtor.

795k

3/1 – 28-3000 rent
2/1 – 16-1800 rent
1/1 – 800 rent

Any input would be appreciated,

thanks

[Author]

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