Is this a good price for renovations? UPDATED - page 2

Original post by yabbobay

Aug 05, 2003 06:38 PM

Our apartment just told us that they are turning our complex into condos (great for us...we won't have to move)

they are making upgrades to each apartment, but say they will take off $5000 if we stay in the unti 'as is' (which is nice...not fabulous)

So we were wondering should we take the upgrades (possibly get 'kicked' out of our apt for a week)

OR

not (lower resale value)

OR

do our own upgrades? (not if this is a good deal)

------------------------------------------------------------
keep in mind that these are probably not the high-end...but nice materials
*new granite counter tops (love this one)
*new plumbing faucets
*new light fixtures
*new elongated toilets (lol...I can't help but smile when I read that - what does it mean?)
*new front door
*designer two-tone painting
*new carpeting
*new ceraminc tile flooring in kitchen, bath, entry
*acoustic ceilings scraped and replaced with smooth finish

yabbobay Posted: Aug 08, 2003 04:43 PM

Re: Is this a good price for renovations?

Christy..I'm not on LI...but 1 BRs start at $280K and 2 BRs start at $330K

UPDATE*************
I just found out that things are better than they could ever be!!!

1. the kitchens and bathrooms are being COMPLETELY redone!!! and STAINLESS STELL appliances!!! I am so psyched!!!

2. we won't be able to stay in our apt (most likely...b/c renovations could take upto 1 month), but we are just going to move into one of the other buildings and possibly forgo our view (but we will still be close to pool and fitness center!!)

so keep your fingers crossed that we can get a possible view and that we are approved!!!