New real estate regulations make it easier in West Chicago

West Chicago, Illinois: December 7, 2012 – It just got smarter, and easier, to buy and sell a home or commercial property in West Chicago. A recent amendment to City code requirements will streamline procedures and increase efficiency related to occupancy regulations, while requiring that life safety measures be in place before occupancy. Life safety measures are usually identified as smoke and CO detectors, GFCI outlets in kitchens and bathrooms, and other issues such as open wiring that present a threat to life safety.

The primary change consists of a revision in the bond requirements to a flat fee of $1,500 for residential properties, and $3,000 for non-residential properties. This bond ensures that any needed repairs will be completed before final occupancy is granted. It also helps customers with limited funds available to repair properties. Prior to this change, a bond amount of 150% of the cost of the needed repairs was required. The new flat fee will provide continuity and consistency for people buying and selling real estate. A non-refundable $100 administrative fee is required for all such bonds.

For more information, contact the City at communitydev@westchicago.org or (630) 293-2200; or visit www.westchicago.org under Community Development/Code Enforcement, for further information.