New Building Permit Fees in City of Pittsburgh
The City of Pittsburgh recently went on a taxation and fee binge on anything and everything.
Beginning on May 1, 2019 a building permit fee for a total gut rehab ($150,000 rehab estimate) on a single family home will go from $150 to $850: that’s an 83% hike! Yikes!
What is the impact?
PGH Property Buyer believes that this will inhibit numerous homeowners and property owners from being able to make basic necessity repairs and enhancements to their properties.
In addition, it could absolutely hold back hard working carpenters, construction workers, and local small business companies from doing more business.
When it comes to rental property owners who invest their life savings into rental properties to supplement retirement, we could likely see them pass on this expense indirectly by raising rental rates.
One thing we can learn from this is that for every action comes a reaction!