Sample Report

This is a sample BuildFax Report. Were this an actual report, all charts, graphs, and maps would be interactive.

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Because BuildFax relies on third parties for maps and property imagery, these resources should be used for reference only and not be construed as authoritative.

The Permit Highlights section is an overview of the permit details on this property. The full list of permits and permit details can be found at the bottom of this report.

1. Total Permits – The total number of permits and permit types, found by BuildFax on this property.
2. Contractors – The total number of unique contractors associated with permits on this property. Contractor details may not be recorded by the local building department. BuildFax will provide contractor details when available.
3. Total Permit Spend – The total cost of all projects associated with the permits on this property. The project cost may not be recorded by the local building department. BuildFax will provide project costs when available.
4. Inspections – The total number of inspections associated with the permits on this property. Inspection details may not be recorded by the local building department. BuildFax will provide inspection details when available.

Why are there inconsistencies with the recording of permit details?

Currently, building departments across the U.S. do not require the use of a standardized format when documenting information for building permits. This means that every building department adheres to their own set of permit specifications. Therefore, depending on the building department, certain details related to the project (such as contractor, inspector, permit spend, etc.) may not be required fields, and consequently will not be documented. This does NOT mean, that if inspection details are not listed then there was not an inspection for that project, it simply means the inspection details were not recorded by the building department. Similarly, if contractor details are not listed, this does not mean a contractor was not associated with that project.

A building permit is an official approval to proceed with construction, it validates the project complies with the local standards (the building codes). These standards are in place to ensure the safety of current and future owners and occupants. This means that when permitted construction takes place, the builders confirm that the construction is done under best-practices so the places where we sleep, where we send our kids to school, and where we work are safer. At the end of the day, building permits keep your loved ones safe.

The BuildFax Roof Condition score is an estimate based on BuildFax’s exclusive modeling analytics. This score is used to estimate how well the roof has been updated over time.

The following variables are used to calculate the Roof Condition score:

• Roof Age
• Total Roof Permits on the Property
• Magnitude of Projects
• Absence of Roof Permits

Date Source: City of Las Vegas, Department of Building and Safety, (702) 229-6251

The BuildFax Property Maintenance score is an estimated condition score based on BuildFax’s exclusive modeling analytics. This score is used to estimate how well the property has been maintained/updated over time.

The following variables are used to calculate the condition score:

• Project Type
• Total Permits on the Property
• Total Cost of Projects
• Magnitude of Project/s
• Time Between Permitted Activity
• Absence of Permits on the Property

Data Source: City of Las Vegas, Department of Building and Safety, (702) 229-6251

The Average Permit Spend represents the average total cost for permitted projects in your neighborhood. The low to high scale is determined by the permits in your neighborhood.

• Low = the lowest priced job cost in your neighborhood.
• Very High = the highest priced job cost in your neighborhood.

Why is this important?

• The Average Permit Spend value allows you to compare maintenance costs for your property with your neighbors.

This value represents that average property age in your neighborhood.

How do we know?

• BuildFax collected the "Year Built" from nearby homes in the neighborhood and used these values to calculate the average property age.

The Average Roof Condition score is used to estimate how well the roofs in the neighborhood have been maintained/updated over time.

The following variables from nearby houses in the neighborhood were analyzed to calculate the Average Roof Condition score:

• Roof Age
• Total Roof Permits on the Property
• Magnitude of Projects
• Absence of Permits on the Properties

Why is this important?

• The Average Roof Condition score allows you to see if the roofs in your neighborhood are being properly maintained and updated, this information provides insight into the current and future quality of the neighborhood. The data also confirms the projects used to calculate the score are permitted projects, and therefore comply with the building code’s local standards. These are critical factors that can influence the resell value of a property, and home insurance premiums.

The Average Neighborhood Property Maintenance score is used to estimate how well the neighborhood properties have been maintained/updated over time.

The following variables from nearby houses in the neighborhood were analyzed to calculate the Average Neighborhood Property Maintenance score:

• Project Type
• Total Permits on the Properties
• Magnitude of Projects
• Time Between Permitted Activity
• Absence of Permits on the Properties

Why is this important?

• The Average Neighborhood Property Maintenance score allows you to see if the properties in your neighborhood are being properly maintained and updated, this information provides insight into the current and future quality of the neighborhood. The data also confirms the projects used to calculate the score are permitted projects, and therefore comply with the building code local standards. These are critical factors that can influence the resale value of a property, and home insurance premiums.

The Neighborhood History graph illustrates the total number of projects and project types by year.

Why is this important?

Construction activity serves as a proxy for economic activity, this data provides intelligence into how economic trends may affect your community. The data illustrates the types of permits being issued in your area, this can represent gentrification trends, residential redevelopments (flipped houses), demand for new roofs across the neighborhood may indicate hail activity in the area, etc. Observing the trends in your neighborhood provides decision insights and empowers better property decisions