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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Amy J who wrote (18385)3/10/2004 10:22:51 AM
From: TradeliteRead Replies (3) of 306849
 
I don't know about satellite monitoring, but it seems my county tax assessor does a poor job of keeping up with home improvements, despite a perfect mechanism for discovering them via the county permit process.

Tax records reveal that the assessor still thinks I have oil heat instead of natural gas, and a septic system instead of public sewer--changes made many years ago. And he sure doesn't know about the remodeled kitchen, but that's a small matter.

The assessor's office should automatically know about and factor in major improvements because permits were obtained from the county authorities each time major work was done. I'd say 75 percent of the homes I used to list for sale had similarly inaccurate tax records.

It wasn't unusual to run into people who had either done their own Harry Homeowner-type electrical, plumbing and construction work or had hired Joe-in-a-pickup truck to do them without permits. This potentially creates a big insurance problem if a fire or other problem breaks out and it turns out the work wasn't up to code.

Meanwhile, I'm wondering what's going on with the vacant house near mine, where the entire yard was excavated, and the entire back of the brick house was torn completely off several months ago. Plastic sheeting has been covering the back of the house for months, and work seems to have stopped.

Maybe a legal dispute erupted between the owner and contractor. Hope the owner is smart enough to get county permits for the work, or he'll have more problems than just an unfinished renovation job.
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