What is a Certificate of Occupancy in Real Estate and When Do You Need One?

 

When dealing with real estate, purchasing a home, or selling a building/house, you might have heard of a “certificate of occupancy” (CO). A certificate of occupancy shows that a home is safe for new residents to occupy.

 

In this blog, we’ll go over the certificate of occupancy in detail. If you’re selling your home, you might need one. You can also contact our Rockwall real estate agents for more information and expert knowledge.

 

A certificate of occupancy is a document issued by your building’s department or any local government agency. This document is proof that your home adheres to the local laws of safety. New residents can move into your home and live there safely.

 

This certificate also describes the legal type and use of your property. Whether it’s for residential, commercial, retail, or industrial purposes, the intended purpose is indicated in the document.

 

It also verifies the property and proves it is according to the building or government codes. Lastly, the property’s address, square footage, zoning code, name of the owner, and other relevant safety notes are also listed in the certificate of occupancy.

 

 

Whether you want to live in your house or sell it, you might need a certificate of occupancy, depending on the local rules. Different commercial or residential properties have different requirements. Each property type—single-family house, multifamily house, condo, apartment, etc.—has its own certificate.

 

For any house that changes hands, whether there’s a new owner or new tenant, local regulations might require a new certificate of occupancy. If you convert your property’s type, you could need a certificate of occupancy before you start living in it.

 

You might also need a certificate of occupancy when you’ve made major upgrades and renovations to your home, like adding another story. If you build a new home and want to sell it, you will need a certificate of occupancy. Your residential realtor in Rockwall can guide you.

 

You will be issued a certificate of occupancy when you buy a new home or when your home is built. When you’re selling your home, you can use your original certificate. However, if the building code or property type has changed or you’ve made significant renovations, you would need a new one.

 

If you want to list your home for sale, you can reach out to a professional real estate agent in Rockwall. At Naylor KW, we can guide you about real estate services in Rockwall. Our professional realtor in Rockwall can help you understand everything about a certificate of occupancy.

 

For selling your home and negotiating with the buyers, reach out to us today.