Tag Archive for: unwarranted space

Cannot Give Value to Un-Permitted Space, In Most Cases

Most lenders allow space built without permits, as long as it was constructed properly and there are no health or safety issues, such as the presence of a stove. Appraisers […]Read More

Un-permitted Space OK If No “Health & Safety” Issues; No Value

Unwarranted or un-permitted space is always OK, from a lending perspective as long as: (1) it is just an additional room, with no plumbing or stove; (2) it was built […]Read More