The Unpermitted Space Trap: Calculating the True Financial Risk of Non-Permitted Square Footage
The Summary Active buyers face significant financial liabilities when purchasing homes with unpermitted additions, converted garages, or finished basements. Because county assessors and mortgage lenders strictly exclude unpermitted spaces from official Gross Living Area (GLA) calculations, buyers are exposed to immediate valuation shortfalls and lender escrow holdbacks. Resolving these code
