Renovation Resume: How a Certificate of Interior Renovation Significantly Boosts Your Home’s Value
Imagine this scenario from the ‘old world’: Mr. A buys a beautifully renovated pre-owned home. He’s thrilled with the open-concept island kitchen and the balcony seamlessly integrated into the living room. However, just six months later, he receives official notices from the building management and the construction authority. It turns out the open kitchen involved illegally removing a fire wall, making it an unpermitted structure, and the extended balcony was an illegal addition subject to immediate demolition. Mr. A is forced to pay fines and spend tens of thousands to remove the very renovations he paid a premium for, causing his property’s value to plummet.Now, in the ‘new world,’ Ms. B is comparing two apartments. One is equally stunning, but…