I’m in the research mode right now and will be attending my first REI club meeting soon. Really enjoy these discussion groups.
My question has to do with building codes in general – I realize every region (and county) is different, but am curious about what liabilities a new owner inherits with a rehab situation. For instance, if I buy a 1950s house that doesn’t have grounding to its plugs, am I obligated to bring it up to code (install 2 w/ground throughout)? Do I have to hard-wire smoke detectors or install outdoor outlets? In short, how much is grandfathered in, and how much am I obligated for? What’s the best way to acertain prior to taking the plunge?
Any other info I should know about building codes (in general) would be helpful.
This totally depends on specifically where you are investing…and not just the state. city & county codes are often different as well as incorporated cities vs. not. You need to get online and find your specific area. If you still have questions, build a relationship with a general contractor.
BTW - Active investors at your REIA meeting should also know how to answer your questions.