Non permitted sleep out

Parimal asks:
(updated on Wednesday, May 04th 2016)

I saw a house which I am thinking of buying - but it has a non permitted sleep out which consists of two bedrooms, a bathroom and a living room.

Is it a good move investing in a property with a non permitted sleep out? If not, how much would it usually cost to get Council consent for the sleep out?

Our Experts Answer:

It is hard to say how much it would cost to get consent for the sleep out as more information would be required in regards to the location and the property itself.

I'd generally say that you are best to work out what price you would be willing to pay for the property if it was legal, then find out what it is likely to cost you to make it legal and discount this amount (at least) to come to your maximum offer price.

Make sure if you proceed with purchasing the property that you declare everything to the insurance company and get sign off from them as well.

 

Most Read

Unity First Home Buyer special 3.99
ICBC 4.25
SBS FirstHome Combo 4.29
Co-operative Bank - First Home Special 4.35
TSB Special 4.39
Co-operative Bank - Owner Occ 4.45
ASB Bank 4.49
SBS Bank Special 4.49
Unity Special 4.49
Westpac Special 4.49
Kiwibank Special 4.49
Westpac Special 4.45
SBS Bank Special 4.49
BNZ - Std 4.49
Kiwibank Special 4.49
TSB Special 4.49
AIA - Go Home Loans 4.49
ASB Bank 4.49
Co-operative Bank - Owner Occ 4.49
ICBC 4.59
Wairarapa Building Society 4.59
Unity Special 4.65
SBS Bank Special 4.99
Westpac Special 4.99
ICBC 4.99
BNZ - Std 4.99
AIA - Go Home Loans 5.15
ASB Bank 5.15
Co-operative Bank - Owner Occ 5.19
ANZ 5.39
TSB Special 5.39
Kiwibank Special 5.39
Kainga Ora 5.49
SBS FirstHome Combo 3.29
AIA - Back My Build 3.34
SBS Construction lending for FHB 3.74
CFML 321 Loans 4.25
Co-operative Bank - Owner Occ 4.99
Co-operative Bank - Standard 4.99
Heartland Bank - Online 5.30
ICBC 5.39
Kiwibank - Offset 5.65
Kiwibank 5.65
ANZ 5.69