Coop Pre-Purchase Inspection

I have an apartment in a very similar situation (50s building, needs a new bathroom, floors) - I've been using an architect, but don't underestimate the amount of work, time, and money this is likely to take.

For example, those floors... you'd think it's easy enough to rip them out and replace them, right? Depending on who you ask, they'll tell you there may or may not be asbestos glue, will suggest going over the top of what's there to avoid the issue, etc. Also, you'll find it very difficult to get straight answers from anybody (including an architect), about what permits will be required and how much they will cost, as a lot of it depends on the building.

Bring in a contractor and ask that the super be present. The super will know what needs to be done and where things are behind the walls. Some buildings will require you to update electric and plumbing when you renovate, the managing agent can provide that info.

Good luck!

Keith Burkhardt
The Burkhardt Group

In your case, since you have already decided on an apartment and plan on doing renovations, you should just bring in your general contractor to look at the electrical panel. He/she will be able to determine if the unit needs to be re-wired and give you a quote on that part of the renovation. If you have not yet decided on whether to purchase the apartment, you should have a pre-contract home inspection to assess the general integrity of the apartment and figure out what work needs to be done. They will look at plumbing, electrical, floors, walls, windows, fixtures, appliances and mechanical systems, as well as the building’s roof and boiler (if they are granted access to those areas). It is usually well worth it to hire a home inspector, even for a co-op or condo purchase in a staffed building.

Dan Gotlieb
Digs Realty Group
www.digsrealtynyc.com

If you are even thinking about rewiring just do it. In comparison to the total construction cost it's not that much and then you will have it done. Skim coating the walls afterwards will probably cost as much as running the new wiring.