If i buy a foreclosure do I have to hire a contractor to remodel?
June 5th, 2009 | by admin |I am buying a REO from countywide in mississippi. I was goign to hire an inspector, plumber, electrician, etc and do all cosmetic repairs myself. Is this legal or will I be forced to hire a contractor and sub all of the work out in order to flip this house?
Thank you for any advice.
Best Regards,
James Sparks
First, check with your local county office to see what permits you may need. If you do remodeling without a permit it can be red tagged. You as the legal homeowner can be your own contractor and do any repairs that do not require inspection. If you hire a remodel contractor for the electrical, plumbing, etc, make sure they are able to pull the permits for that and only used licensed individuals for this work so you can get insurance on the home without problems. Keep in mind that electrical and plumbing work is less expensive if you do the demo work first and then let them run their lines, etc. Best of luck.
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2 Responses to “If i buy a foreclosure do I have to hire a contractor to remodel?”
By pcbeachrat on Jun 5, 2009 | Reply
Same as here in Florida..go get a remodel permit but you can list the builder as "home owner'..such items as you have listed, the plumbing,gas, and electrical will have to be inspected by the city, but installed by a licensed contractor on the critical items…This is done all the time..
References :
By hoosierman on Jun 5, 2009 | Reply
First, check with your local county office to see what permits you may need. If you do remodeling without a permit it can be red tagged. You as the legal homeowner can be your own contractor and do any repairs that do not require inspection. If you hire a remodel contractor for the electrical, plumbing, etc, make sure they are able to pull the permits for that and only used licensed individuals for this work so you can get insurance on the home without problems. Keep in mind that electrical and plumbing work is less expensive if you do the demo work first and then let them run their lines, etc. Best of luck.
References :