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7/18/2014 Growth and Resource Management Building and Zoning 123 W. Indiana Ave., Demand, FL. 32720 (386)7365929 www.volusia.org VOLUSIA COUNTY SUBSTANTIAL IMPROVEMENT DISCLOSURE STATEMENT (PROJECTS

How to fill out substantial improvements disclosure statement

How to fill out a substantial improvements disclosure statement:

1. Begin by gathering all the necessary information and documentation related to the substantial improvements made to the property. This may include invoices, receipts, permits, and any other relevant records.
2. Start filling out the disclosure statement by providing the property address and identifying the owner or owners of the property.
3. Specify the purpose of the disclosure statement, which is to detail the substantial improvements that have been made to the property.
4. List each improvement separately, including a description of the improvement, the date it was completed, and the total cost incurred for each improvement.
5. Provide additional information for each improvement, such as the contractor or company responsible for the work, any warranties associated with the improvement, and any other relevant details.
6. If applicable, include any financing arrangements involved in the improvement process, such as loans or mortgage refinancing used to fund the improvements.
7. Sign and date the disclosure statement, indicating your acknowledgment and confirmation of the information provided.

Who needs a substantial improvements disclosure statement:

1. Property owners who have made substantial improvements to their property and are planning to sell or transfer ownership. This statement serves as a record of the improvements made and can provide potential buyers or transferees with valuable information about the property's condition and value.
2. Real estate agents or brokers representing property owners with substantial improvements. They may need to assist their clients in filling out the disclosure statement accurately and completely.
3. Mortgage lenders or financial institutions involved in providing loans or financing for properties with substantial improvements. They may require the disclosure statement to assess the property's value and determine the amount of financing that can be provided.
4. Government agencies or regulatory bodies that oversee property transactions. They may use the disclosure statement to ensure compliance with relevant regulations and to assess the impact of the improvements on the property's value and tax assessments.

Overall, a substantial improvements disclosure statement serves to provide transparency and information about the improvements made to a property, ensuring that all parties involved have a comprehensive understanding of the property's history and value.

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