Newark NJ - permits / inspections /licenses

[Giovanni Soto]

Hi.

I put an offer on my FIRST 2 fam house in Newark. Needs $50k in work, but I haven't accounted for licenses/permits.

My estimate is accurate for nice bronx job,

PROBLEM- An investor /lender from NYC would not lend to me in Nwk bc he says that he was there previously and he found that he needed a permit and inspection for anything/everything, Also that contractors are more strict and costlier bc of this.

What do you think? Can my estimate be WAY OFF? Yes, I will eventually get a Lic contractor estimate BUT I want to keep my expenses to a minimum?

How have you handled this OR How would you suggest I handle this. Job includes new kit/baths (plumbing necessary)/ sheetrocking/paint/ some floors etc.'

THANK YOU