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.

A building permit does not cancel out the need for a building inspection to make sure the rehab is up to code. 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 a part of getting those cheap columbus investment property fixed up. Expect up to five different inspectors to come out to your remodel or rehab project including the; building, health, electrical, and plumbing inspectors not to mention the financial officer.

Mortgage companies require a meeting with the company’s financial officer to make sure everything is in order. He’s there to check up on the property in order to make sure you are using the released loan money for it’s intended purpose. Any change in plans from the original agreed upon plan can lead to problems. So save some nightmares and stick to the original plan.

Getting an early start is a great way to get through the permits, inspections and applications quickly. It’s worth the effort in the end, as you’ll have a well built house that will last for years to come. You’ll see a great return on your time invested in the columbus investment property once you see the huge list of interested buyers.

Here is where you can find more information on how to sell your columbus investment property deals.