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Building Permit Process In Nashville

 

All properties within Metropolitan Nashville are zoned for particular uses depending on their zone district classifications. If you’re considering an investment property in Nashville, take a look at the city’s Zoning Land Use Table. It will let you know what uses are permitted in various zones around the city. The property will be considered “zoned and ready” as long as its zoning matches your planned use for it.

Once you’ve got the property in your hands, you’ll probably want to do some renovations. The building permit process in Nashville is pretty straight forward. The building permits are handled by the Nashville Department of Codes and Building Safety. The city offers an e-Permit system to save you time on applying in person. All of the plans and specifications for your building project can be submitted through the e-Plans Review application. The online services save everyone time and make the process much easier.

For better understanding, the City of Nashville uploaded a handy flow chart detailing the building permit process.
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten days.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our […]

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    How To Appeal The County Assessor’s Property Value In North Carolina

How To Appeal The County Assessor’s Property Value In North Carolina

 

North Carolina’s property tax is “ad valorem,” so you’re taxed based on the property value. But what happens when you disagree with the county assessor? The assessor revalues properties within the county at least every eight years. So, if you get a wrong value placed on your property, you could be paying the wrong tax on it for the next eight years!

It’s partly your responsibility to check your assessed value, if you own property. The good news is there is recourse. If you disagree with the assessment, you can appeal it. Imagine being over taxed for your property for nearly a decade. If the assessor’s value seems wrong, you can appeal it. To appeal your property’s assessed value in North Carolina, you can go to the local board of Equalization. Often you can just make informal contact and assessors will work with you, if they’ve made an error.
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten days.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value […]

North Carolina Property Tax Comparison By County

If you’re thinking of flipping houses or maintaining investment real estate in North Carolina, you should know that the state has one of the lowest median property tax rates in the country. Only 14 states have a lower median property tax. On average, North Carolina counties collect an average of 0.78 percent of a properties assessed fair market value. To put this in perspective, the median property tax in North Carolina for a home worth $155,500, is $1,209 each year.

North Carolina’s property tax is “ad valorem.” In other words, it’s based on the value of the real estate property. The property value is determined by the county assessor. Each property has to be revalued at least once during every eight year span. This is how they determine the market value of the property for determining property taxes in North Carolina.

Obviously, the exact tax depends on the county your property is in. The highest property tax in the state is in Orange County and it levies an average of  $2,829. Montgomery County levies the lowest property tax, with county property owners paying an average of just $494 a year.

Would you like to see the comparison of property tax rated based on North Carolina counties? Tax-Rates.org offers a handy index of all property taxes by county.
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is […]

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    Explanation of South Carolina Building Codes Enforcement Officers

Explanation of South Carolina Building Codes Enforcement Officers

 

If you’re flipping houses in South Carolina, you’ll want to know more about the building codes enforcement officers. Here’s a quick reference guide.
Building Official
A Building Official performs tasks and inspections for the local jurisdiction’s building department. They must carry a certification as a building official (CBO).
Commercial Inspector
A Commercial Inspector performs onsite inspections in at least two construction disciplines. You know, like electrical and plumbing or building and mechanical. What they inspect is decided by the local jurisdiction that employs them. They have to have  certificates or examination records from a recognized code organization. They must actually be certified in two or more commercial inspector disciplines.
Residential Inspector
A Residential Inspector  perform onsite plumbing, building, electrical, and mechanical inspections on residential homes that are three stories or less in height. Also, the dwellings have to have 16 or less units per building. Plus, the total building has to be 5,000 square feet or less. All Residential Inspectors are been certified in the four residential inspector disciplines.
Single Discipline Inspector
A Single Discipline Inspector is just what the title sounds like. They inspect only one construction discipline. They are, of course, certified in that one discipline.
Plans Examiner
A Plans Examiner performs the building plans reviews. They are certified in the discipline of commercial building, electrical, plumbing, and mechanical plans.
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a Hard Money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, North and South Carolina metropolitan areas.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to […]

Know The Signs Of A Problematic Foundation

If you’ve decided to invest in real estate, you can save yourself a lot of time by recognizing signs of foundation damage right away.  Keep in mind, if you find only minor problems, it might still be worth hiring a professional evaluation, rather than just walking away from the investment property. Every little foundation issue doesn’t mean that you have to walk away from the deal. With experience, you’ll learn to recognize which homes to walk away from and which warrant the cost of a closer inspection.

Foundation cracks and floor cracks should be investigated further. Likewise, look for wall fissures and broken chimneys. These can both indicate a problem with the foundation. During the first two to three years after a structure is build, sinking is common. Tiny cracks approximately 1/16″ thick are extremely common.  But if you find horizontal cracks in the concrete block walls or brick exteriors, you might have a problem. Horizontal cracks are considered more serious, because it means that the perimeter of the structure is under too much pressure. When cracks are at a 45 degree angle, you may be looking at severe foundation movement. Stair-step cracks in brick exteriors appearing in the corners also warrant a closer look.

Even still, if you find one single vertical crack, your foundation might be moving upwards. Foundation upheaval is the opposite of settling. This is usually caused by moisture in the soil.  Sometime, it can be caused by under-slab plumbing leaks.

Check for doors that stick or don’t open and close properly. This can mean some kind of disturbance in the foundation. If you notice doors sticking, check for other signs of foundation problems. Other things to look for are counters or cabinets […]

North Carolina Property Tax Relief: Who Qualifies?

Do you have a loved one in North Carolina struggling with property taxes? Well, some North Carolina homeowners qualify for one of three programs offering property tax relief. You might want to look into this for them.
Low-Income Homestead Exclusion
Qualified low-income homeowners can apply for property tax relief through the State of North Carolina at their Assessor’s Office between January 1 and June 1 each year. Qualifying homeowners receive an exclusion of the taxable value of their residences of either $29,500, or 50 percent (whichever is greater).
Disabled Veterans Homestead Exclusion
Honorably discharged veteran homeowners, certified by the U.S Department of Veterans Affairs or another federal agency as having a service-related permanent and 100 total disability also qualify for property tax relief. Plus, surviving, unmarried spouses of these veterans also qualify. The State of North Carolina excludes the first $45,000 of assessed value from property taxes in this situation. There is absolutely no age or income requirement for this tax relief.
Property Tax Deferral for Disabled or Elderly Homeowners
If disabled or elderly residents in the state have income that doesn’t exceed 150 percent of the income eligibility limit for Homestead Exclusion, this tax deferral is another option. They must apply and elect to defer the portion of their taxes every year. It doesn’t actually reduce the taxes owed, but it does postpone to due date. Some choose to postpone the due date until they sell their home down the line. Not every disabled or elderly homeowner will qualify though.

 
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a Hard Money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, North and South Carolina metropolitan areas.

Call us at 404-814-1644 or contact […]

  • Will a popcorn ceiling reduce the home value?
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    What Should You Do About Popcorn Ceilings When Remodeling An Investment Home?

What Should You Do About Popcorn Ceilings When Remodeling An Investment Home?

If you are buying an investment home with popcorn ceilings, consider removing or replacing this textured ceiling treatment.  They date a home and are associated with dirt, dust and asbestos. These old spray-on or paint-on ceiling treatments were once very popular in bedrooms and hallways, but they aren’t popular anymore. Sure, they hide imperfections and offer nice acoustical characteristics, but they are not preferred these days. Home buyers equate them to asbestos, dirt and dust, because many contained asbestos and they usually would get painted more often than cleaned!

Before trying to remove this treatment yourself, contact the health department. You should be able to have them test a sample. If it contains asbestos, your best bet is to invest in tongue-and-groove planks to cover the ceilings. If it doesn’t contain asbestos, the hardware store offers a solution to soften the textured ceiling treatment. Sometimes, people find that there is gorgeous plaster in great shape beneath these roll on popcorn ceilings!

Don’t pass on an investment property just because of  popcorn ceiling, but remember when you’re flipping the house that many other people will do just that!
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a Hard Money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, North and South Carolina metropolitan areas.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value of the collateral—and if you use the loan for renovation or construction, the loan amount can be based on the collateral’s improved […]

Most Common Problems Identified On A Home Inspection

Have you ever wondered what the most common problems found by home inspectors are? Most problems are relatively easy to fix. So, don’t let these be deal breakers if you find an otherwise good investment.

Faulty wiring is common, but not usually a costly problem for an electrician. Often they find open junction boxes or wires without wire nuts. Easy fixes. Water on ceilings often terrify purchasers, but if it’s caused by faulty plumbing, the repairs can be no big deal. Inspectors commonly find poor drainage causing basement leaks. That’s not always hard to fix either. Bad gutters cause a myriad of issues, but are easy to replace or repair. Foundation flaws like small cracks aren’t always a huge deal. The inspector can inform you of the severity. Poor maintenance like worn shingles or a cracked driveway are also easy to repair, so don’t despair!

Now, if your inspection finds that your roof needs replacing, you could be looking at more than seven grand. If the house is in a flood zone, you might consider just running the other way. If you find major foundation issues, it might not be worth your investment. If all of the wiring is aluminum, you’ll need to replace it. That can also cost thousands, so make sure you’re prepared for that kind of cost investment before you sign the final papers.
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a Hard Money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, North and South Carolina metropolitan areas.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to […]

Don’t Ever Skip The Inspection On An Investment Property

A home inspection fee starts at around $400 and goes up from there. A quality home inspection is critical, unless you are professionally trained to recognize even hidden damage in a structure. Sometimes you can’t see roof damage, outdated electrical system issues, or a hidden water leak. These issues can become very expensive, very quickly. They can be costly, even if you are skilled at DIY home repair.

A home inspector looks for proper grading away from the structure, leaks from the septic field, damage to exterior structures and landscaping issues. The inspector checks railings on stairs, notices if downspout drainage is placed properly, examines ridge and fascia board lines, checks for structural damage. The home inspector looks to see if windows or door frames are bowed, and why. Exterior surfaces are examined. They check insulation, plumbing, and evidence of foundation damage. This is just to name a few things.

If you don’t know how to check for proper plumbing installation or how to check an electrical service panel, you shouldn’t rely on your own judgement.

A quality home inspection can save you a tremendous amount of money, so don’t skip it.
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a Hard Money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, North and South Carolina metropolitan areas.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value of the collateral—and if you use the loan for renovation or construction, the loan amount can be based […]

  • Interior designers usually consult with clients for less than $100.
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    New To House Flipping? Spend An Hour With A Professional Interior Designer

New To House Flipping? Spend An Hour With A Professional Interior Designer

If you’re new to house flipping, paying for a consultation with an interior designer might be a good investment. Typically, an hourly fee for a consultation from an interior designer is less than $100. In that hour, a designer will throw out a bunch of suggestions for changes they might make to a home you intend to flip. They have lots of ideas. Though they won’t be able to design and implement the changes to your investment property in just one hour, the advice they provide during the consultation can help you get started on your own.

They may suggest some furniture ideas that could help you with home staging. It’s likely they will throw out color ideas for paint, carpet, curtains and counters. For less than $100, these ideas can really help you plan your remodel. Even small suggestions can go a long way, so don’t forget to jot down every suggestion during your consultation.

Expertise looked at 134 interior designers serving Atlanta, Georgia and created a list of the top 21. Check out their top picks for interior designers by visiting this link. It offers these experts’ websites and contact info as well as a small blurb about each design firm.
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a Hard Money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, North and South Carolina metropolitan areas.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value of the collateral—and if you use […]

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