Fixing vs. Selling a House With Unpermitted Work in Dayton KY

Introduction

If you’re reading this, chances are you’re in a difficult situation. You might have a property in Dayton, KY with unpermitted work that you’re unsure of how to handle. Maybe you’re thinking about selling, but you’re worried about the consequences of selling a house that doesn’t meet local building codes. You may even be wondering whether it’s worth it to fix the violations before putting your home on the market. You’re likely looking for answers about whether to fix or sell, and what the financial and legal implications of each decision will be.

You want to know how unpermitted work affects the sale of a property in Dayton. You’re concerned about the costs involved in fixing the property, and whether the return on investment will be worth it. Or, perhaps you’re simply exploring if it’s a better idea to sell the property as-is, without making repairs, especially if you need to move quickly or want to avoid significant upfront costs. Ultimately, you’re trying to make the best decision for your specific situation, which may involve questions about how potential buyers will view the unpermitted work, how much the sale price will be affected, and whether it’s possible to sell your home for cash without making repairs.

In this blog, we’ll dive deep into the options available to you. We’ll explain the impact of unpermitted work on your property, outline the potential costs of fixing the violations, and explore the possibility of selling your home for cash without repairs. By the end of this post, you’ll have the clarity you need to make an informed decision.

Fixing Unpermitted Work: What You Need to Know Before You Start

If you’ve discovered that your home has unpermitted work, you may be considering the option of fixing the issues before selling. While this might seem like the right course of action, there are several important factors to keep in mind before diving into repairs.

Why Fixing the Property Might Not Be Worth It

First, let’s consider the costs. Fixing unpermitted work can be expensive, especially if the work involves structural changes, electrical or plumbing issues, or additions that were not properly inspected. In Dayton, KY, the cost of getting permits and bringing your property up to code can range from a few hundred to several thousand dollars, depending on the severity of the issues. The City of Dayton’s official website provides details on local building codes and permits.

For example, if you’ve added an extra room or a deck without the proper permits, you may need to pay for both the permits and the required inspections. In some cases, you may be required to tear down unpermitted additions if they are not up to code, which could incur additional costs. A contractor in Dayton typically charges between $50 and $150 per hour, depending on the scope of the work, which can add up quickly. HomeAdvisor offers a useful guide on typical contractor pricing for repairs and permits in your area.

Moreover, there’s no guarantee that you’ll recoup the full cost of these repairs when selling the house. If you’re in a market where buyers are primarily looking for homes that are move-in ready, it may be a hard sell, even after you’ve made these fixes. Zillow regularly updates its housing market trends and can help you gauge whether you’ll likely see a return on investment for these repairs.

Consider the Time and Effort Involved

Another factor to consider is the time and effort required to complete these repairs. If you’re hoping to sell quickly, the repair process may delay your plans. Depending on the complexity of the unpermitted work, getting everything up to code could take weeks or even months. You’ll also need to factor in the time it takes to get permits and inspections approved, which can further extend your timeline.

When You Should Consider Fixing the Property

Despite these challenges, there are cases where fixing the property might make sense. If the unpermitted work is relatively minor and inexpensive to correct, and if you have the time and resources to complete the repairs, it may be worth the investment. However, it’s crucial to weigh the costs of these repairs against the potential increase in your sale price. If the property is located in a neighborhood where buyers expect high-quality homes, bringing your house up to code could help you sell for a higher price.

For a more in-depth look at how code violations could impact the sale of your home and how to address them, check out our detailed guide on How to Sell a House With Code Violations in Kentucky.

Selling Your House As-Is With Unpermitted Work in Dayton, KY

For many homeowners, the best option may be to sell the property as-is. But before you make that decision, you need to understand how unpermitted work impacts the sale process and the potential consequences of selling without repairs.

How Unpermitted Work Affects the Sale

When selling a house with unpermitted work, it’s important to know that many buyers will be hesitant to purchase the property. Lenders, in particular, may refuse to finance a home that has code violations or unpermitted additions, as they represent a risk to the value of the property. This can limit your pool of potential buyers to cash buyers or investors who are willing to purchase homes in any condition.

The Pros of Selling for Cash

One of the main advantages of selling your house with unpermitted work to a cash buyer is that they will likely be less concerned about the violations. Cash buyers, especially real estate investors, are typically willing to purchase properties in as-is condition, including homes with code violations. This means you don’t have to worry about fixing the unpermitted work or paying for costly repairs.

How to Sell Your Home for Cash

Selling a house for cash in Dayton, KY is a simple and quick process. Once you’ve reached out to a reputable investor, they will typically make an offer based on the current market value of the property, factoring in the cost of any necessary repairs. The closing process is usually much faster than a traditional sale, often taking as little as 7-14 days, which can be a huge benefit if you need to sell quickly.

To learn more about how to sell your house for cash, check out our full guide on How to Sell a House With Unpermitted Work in Kentucky.

The Benefits of Selling As-Is

The primary advantage of selling as-is is that you avoid the hassle of repairs, inspections, and permit issues. For homeowners who are looking for a fast and straightforward solution, selling a property in its current condition to a cash buyer is often the best choice. Additionally, you won’t have to wait for long periods while repairs are completed or worry about whether you’ll recoup the costs.

How Selling for Cash Can Save You Time and Money

In situations where time is of the essence, such as needing to relocate for a new job or dealing with financial distress, selling your house for cash can provide significant relief. As previously mentioned, cash buyers can close in a matter of days, which is far quicker than waiting for traditional buyers and lenders to complete their processes.

The Cost of Delaying the Sale

Delaying the sale to make repairs can cost you money in the long run. From increased utility bills to property taxes, these expenses can add up quickly while you wait for your repairs to be completed. Additionally, the longer you hold onto the property, the more the market could change, potentially reducing your sale price. Selling to a cash buyer allows you to avoid these ongoing costs and move on to the next chapter of your life.

The Financial Relief of a Quick Sale

When you sell to a cash buyer, you also avoid additional closing costs. In a traditional sale, closing costs can range from 2-5% of the sale price, which is often a substantial amount. In contrast, when selling to an investor, many cash buyers cover these costs for you, allowing you to keep more of the sale proceeds.

Conclusion: Should You Fix or Sell Your Home With Unpermitted Work?

Ultimately, the decision to fix or sell your house with unpermitted work depends on your unique circumstances. If you’re able to afford the time and expense of repairs, and if those repairs are likely to increase your sale price, it might make sense to move forward with them. However, for many homeowners in Dayton, KY, the more practical solution is to sell the home as-is to a cash buyer like Good Faith Homes.

If you’re looking for a quick, hassle-free sale with no repairs, selling your home as-is to Good Faith Homes is likely your best option. We specialize in purchasing homes in any condition, including properties with unpermitted work or code violations. You can avoid costly repairs, inspections, and delays, all while moving on to the next chapter of your life.

Contact Good Faith Homes today for a no-obligation cash offer and to learn how we can help you sell your home quickly and easily, without the stress of making repairs or dealing with permits. Let us take the burden off your shoulders!