Obtaining a building or remodelling permit can cause untold headaches to the home investor because of the out of pocket cost. Permits are a necessary evil when buying columbus investment property due to the fact that most homes need some sort of remodelling or repair. Building, repairing or remodelling without the appropriate permits will cost you money in fines, and you might be ordered to cease working on your project.

Each permit is a different fee and there is no flat rate for building permits. The cost of the building permit is estimated based on 1% of the market value of the home. A home with an estimated final market value of $500,000 will have a building permit cost of $5,000. You need to be sure that you’ve met the requirements of your local government in order to obtain your building permits.

Be aware that before you can obtain a building permit you will need to show the proper documentation. Unfortunately, no matter how prepared you think you are, you might not have everything you need. However, the county building department can help you with your application by letting you know what kinds of information you’ll need for that application. Frequently requested items may include: a copy of the house plans or plans of the before and after addition to your wholesale; an application for a building permit; the cash, check or credit card needed to pay for the permit; and a survey of your property.

Even with a building permit, you can expect a visit from the inspector to check over the property for code violations. Having your permits with you at all times is a great way to be prepared for that visit from the building inspector. This is just the beginning of what it takes to get your columbus investment property ready for the market. Your property will require a visit from inspectors that specialize in different areas: health, plumbing, and electrical are a few.

When you work with a mortgage company or lender to get a loan for your remodels you’ll expect the financial officer to show up. The financial officer is there to make sure that the lender’s money is being used appropriately. If things are not being done as per the original plan presented to the lender this could cause problems. So save some nightmares and stick to the original plan.

Don’t delay- get started on the process early so you can get all the paperwork done fast. The heartache and hand cramps will be worth it in the end when you are in possession of property that will last for years. Those annoyances will seem petty once your columbus investment property is on the market and you’ve sold it above asking price.

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