For many townhouse owners violations are often out of sight, out of mind. You may have NYC building violations or open permits on your property that you don't know about. So why does this matter? Because it can impact your ability to sell, refinance, or undergo construction on your property which can cause months long delays. Here's how it can impact you:
- Construction Projects: Outside of cosmetic renovation work, you'll most likely need approval and permits from the NYC Department of Buildings (DOB) which will not be granted unless violations are cured and approved by the DOB causing a delay in construction timelines.
- Penalties: Open violations may result in fines or penalties.
- Refinancing Your Home: If your building has an open violation associated with a serious or hazardous condition, most lenders will not permit a closing until the violation is cured and signed off by the DOB.
- Selling Your Home: Potential buyers will uncover violations during their due diligence prior to going into contract. This can delay a sale's closing by 3-6 months or turn the buyer away completely.
It's important for townhouse owners to be proactive and check for any open violations or permits, even if they believe there are none. The NYC DOB website is a great resource for to check on the current status of your property. If an you discover an open violation or permit, it's essential to take prompt action. An expeditor can be a valuable resource in determining the necessary steps to get them resolved, whether it requires merely filing paperwork or a full inspection and taking the necessary steps towards compliance. It's vital to correct violations to avoid delays in selling, refinancing or construction.
