Renovation

If you have your down payment plus 2 years of reserves in liquid assets, solid credit, and a debt-to-income (DTI) ratio of 26% or lower, you’ll be fine. Reasonable board just looking for solid financials.

If you are looking for an architect to assist with your proposed renovation, I would be happy to discuss.

Richard
richard@manhatta.net
http://www.manhatta.net

^ Spam.

Stache, Why not let the man earn some business? In fact. Streeteasy probably should start a paid section where contractors and architects can pay and promote their business by answering questions and give advice.

Agreed 300.
Early days I was certainly one of the biggest haters of solicitors on this forum.
Fact is if you offer a service and F up, this board's scrutiny will crush you 10 times harder than a Jeffry Epstein summer camp yelp review.
I wish more peripheral real estate business entities would participate/solicit.
Everyone's always looking for a good plumber or HVAC guy/...gal.

And thanks to his years of participation on this board without a real complaint about him, Primer05 is def on my shortlist to call if/when I ever need a contractor.

I never thought of Primer as being spammy. manhatta to me is spamming.

I think there's a difference in perception between when the Oldsters say something and when Relative Newcomers do... for my part I don't think Richard jumping in to a thread marked "renovation" is inappropriate. It's the kind of thing that Primer and Keith and I all did back in the day, and now we seem to get free passes because we're graybeards, but IMHO, more voices are welcome.

That said, this thread is now six responses deep and no one has really answered the original question, so let me try: I don't know this specific board, but in general, a board is "aware" of when a listing is in estate condition, so generally they're going to be sympathetic to the idea that you'll want to renovate. Renovation issues then turn out to be two types. The first is when the unit is next door to /above someone who doesn't want to deal with the noise/dust of the renovation (someone with a new baby maybe, or just a board member doesn't want to be disturbed). You can't really foresee that, or do too much about it. The second is when the renovator tries to renovate beyond what the building can handle: these problems are usually trying to break a concrete slab to install overhead lights, putting "wet" rooms such as baths or kitchens over "dry" rooms such as your neighbor's bedroom, and putting washer/dryers in buildings that can't handle them. Your broker should be able to get a sense, even if it's in an informal nonbinding one, of which way the building is going to feel about the latter categories. If they're not going to allow a W/D, don't ask for it. If you can get no other intel, think about the fact that there's a recently renovated apartment in this building that's been renovated pretty thoroughly, and doesn't have a W/D. So unless the listing agent tells you differently, I wouldn't buy here if your heart is set on having one.

ali r.
upstairs realty