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>I built a house without codes or inspection for $30k You will, of course, not be able to get insurance nor sell the house later on, among many other hurdles r
by Dalewyn 2y ago
>I built a house without codes or inspection for $30k
You will, of course, not be able to get insurance nor sell the house later on, among many other hurdles related to liability.
Not dissing the idea of DIY, to be clear. Just noting for the audience that freedom is power and power is responsibility.
- ty6853 2y agoSomeone would buy it for $30k cash, if it were for sale.
- doodlebugging 2y agoAt $50/sq ft for a home you'll have people lining up. New home prices are more than double that. Even renting a home costs more than $1/sq ft per month in the area where we own our rental property. Congratulations. You sound like you'd fit right in with my family. Most of us have been building things for a long time. Note to anyone else who might want to give it a whirl - you don't have to buy all the tools. Most of them and all the larger tools are available to rent on long or short-term rental contracts at rates that will save you money if you're only gonna do the project once. The skills are the important things to own yourself. Be open to learning and unafraid of the mantra that you either do it right or you do it over again until you have done it right.
- cudgy 2y agoAlso consider Buying tools new, and then selling them when you’re done, especially for those that you need for long periods during the project. Tools tend to sell for decent prices and quickly in the aftermarket as they are practical items that people need to use to make more money.
- forgetfreeman 2y agoCode compliance is not a prerequisite for selling a property with a structure on it, and it isn't a guarantee that you can't get the structure insured. If it was you'd never be able to get homeowner's insurance on older homes.
- mmooss 2y agoI expect older homes are grandparented into code approval?
- s1artibartfast 2y agoSome us counties* don't even have code enforcement departments.
- zdragnar 2y agoThis depends heavily on where you live. I bought a house in a city with a realtor who was fairly new and didn't realize the city mandated inspections upon sale. When I tried to sell the same house a few years later, the buyer's agent did know about it, and when the city came out, they required several updates to the electrical wiring in the garage and to replace an old-style gas valve that had fallen out of code.
- ty6853 2y agoWhat if the house isn't sold, just the company that owns it?
- zdragnar 2y agoNeither I nor (to my knowledge) the previous owners were in any way penalized or even notified that the required inspection was missed when I bought the house and registered it as my primary residence at the city hall (for property tax purposes). It mostly seemed like something to benefit buyers given that, and I would assume that a company changing hands would mean the the purchasing party has already done their due diligence.
- forgetfreeman 2y agoOh that's fascinating, what state was this in?
- zdragnar 2y ago
- s1artibartfast 2y agoYou would also save 30k in insurance premiums pretty quickly.
- Ferret7446 2y agoYou can also lose a cute half a million in liability pretty quickly if something happens.
- s1artibartfast 2y agoSeems like more of a scare tactic than anything, and not one I would be worried about. In my opinion, most people are so obsessive about mitigating exceedingly rare downside risk that they throw their whole lives away, leaving nothing worth protecting.