07-21-2006, 01:20 PM
An unpermitted/unfinaled home gets slammed in terms of resale value. They sell for at least 25-30% less than a comparable legal home would -- because they tend to be cash sales because of the problems with financing unpermitted places. You basically can't get a loan unless you do the "renovation loan" thing and the cost to bring them to code and legal can be considerable.
John Dirgo, RA, ABR, e-PRO
Island Trust Properties, LLC
808-987-9243 cell
John Dirgo, RA, ABR, e-PRO
Island Trust Properties, LLC
808-987-9243 cell
John Dirgo, R, PB, EcoBroker, ABR, e-PRO
Aloha Coast Realty, LLC
808-987-9243 cell
http://www.alohacoastrealty.com
http://www.bigislandvacationrentals.com
http://www.maui-vacation-rentals.com
Aloha Coast Realty, LLC
808-987-9243 cell
http://www.alohacoastrealty.com
http://www.bigislandvacationrentals.com
http://www.maui-vacation-rentals.com