A Certificate of Occupancy in New Jersey – Factor in the cost when bidding on bank owned property in NJ.
A Certificate of Occupancy in New Jersey or CO is issued by the municipality and is required to live in a home. In a traditional sale the costs associated with obtaining a CO are borne by the seller. However, if you’re purchasing a short sale or bank owned property this is usually the buyer’s responsibility.
The requirements to obtain a Certificate of Occupancy in New Jersey for a single family home vary from town to town. However there are several state mandated requirements. Those are carbon monoxide and smoke detectors, as well as a requirement that a fire extinguisher be mounted in the kitchen.
Another more costly requirement for a Certificate of Occupancy in New Jersey is well testing and certification. Depending on the county, this can cost more than $600. If treatment or additional equipment is required, the costs can escalate significantly. Well testing and certification is not an option, it’s required by the state.
Requirements for a Certificate of Occupancy in New Jersey vary greatly. The municipal building office in each community has the municipal requirements. That office will also let you know the cost of a Certificate of Occupancy inspection since it also varies from town to town.
In some municipalities in Ocean and Atlantic counties only the state mandated detectors, fire extinguisher and well test/certification are required. However other communities require documentation from licensed contractors that the heating systems and chimneys are in good working order. Some municipalities even check the seals on windows, or ask for a survey of the property.
Familiarity with the requirements to obtain a Certificate of Occupancy is an important reason to find a qualified local REALTOR®. If you have questions about obtaining a Certificate of Occupancy in New Jersey, particularly Ocean or Atlantic counties, feel free to contact me.
Keller Williams Realty – Atlantic Shore