Advance approval for renovations eludes buyers

Let’s renovate!

“Ah,” the prospective buyer coos, “this co-op has great potential.”

Uh, potential?

“What do you have in mind?” I might respond.

“Well, I’d like to take out that wall between the living room and dining room.  And it would be great to turn that closet into a powder room.  And. . . “

I point out that residents need to present an alteration agreement to the building’s board for approval of such an enterprise.

“Do you think there’ll be any problem?” the buyer invariably asks.

It is a good question and not one with an easy answer, surely not one with an absolute answer.

First, it is good to know or find out Continue reading

Advertisements