Your home is typically your largest investment. If your construction project does not comply with the building codes, your investment could lose value. If others in your neighborhood make unsafe or substandard changes to their homes, it could lower the resale values for the entire community.
Homeowner’s insurance policies may not pay for damages caused by work done without permits and inspections.
Listing associations require owners to disclose any home improvements or repairs made and if permits were obtained. Many financial institutions will not finance a purchase without proof of a final City inspection..
Your permit allows the building department to inspect for potential hazards and unsafe constructions. By ensuring your project meets the minimum building code standards of safety, the building department can reduce the risk of fire, structural collapse and other issues that might result in costly repairs and injuries. Inspections complement the contractor’s experience and act as a system of checks and balances resulting in a safer project
Permits are required by the State. Work done without a permit will be subject to penalty fees. Contractors working on jobs valued over $500 must be licensed by the State. You can verify contractor license status here: Contractors State License Board