I may have hit a small jackpot with my second house

[Tom R.]

I just got the appraisal back on my latest property.  The appraisal value came back exactly what I estimated. I am purchasing the house $10k below appraisal value.  The surprise came when I looked at the sq footage. The house is listed at 984 sq ft. There is an 290 sq ft. unpermitted enclosed patio which isn't to code. I knew about this and I am planning on getting it permitted hopefully converting it to a bedroom with a bath. What I didnt know was that the 240 sq ft converted garage was not also permitted and not permitted. The garage had been converted into a family room with a fire place. My plan is to convert it to a permitted bed room. My 984 sq ft 2/1 just turned into a 1514 sq ft 4 beds and 2 baths.