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Are you thinking about renovating your New York condo? Or, are you looking at buying a new condo in New York that you are already having visions of putting your own finishing touches on? In either case, you’ll want to be really careful that you aren’t breaking any condo board rules. Read on to learn about myths and facts regarding condo renovations. Whether you own or rent that condo, you’ll want to carefully review rules and regulations with the condo itself as well as any landlord / tenant agreements that are put in place to protect the value of the unit. In terms of being a condo owner, just because it’s your condo doesn’t mean you have 100% control over how you decorate it. Rules could exist to promote uniformity from the perspective of window coverings and rules could exist regarding flooring, to ensure that your neighbors aren’t subjected to excessive noise. Take heart though, the same rules apply to protect your enjoyment, peace, and quite as well as to help you protect your investment. Imagine if you rented out your New York luxury condo and the renters installed a bottom-of-the-line kitchen in place of something much more valuable and attractive? This is something documented on http://www.ecanadanow.com/curiosity/2010/02/26/couple-sued-over-cheap-ikea-kitchen/ when a couple was recently sued for putting in a cheap Ikea kitchen in a luxury condo rental. Myth or Fact? The condo needs to be 80 % carpet As posted in a recent New York Times blog post on http://realestateqa.blogs.nytimes.com/2010/02/26/no-tiptoeing-necessary/, there isn’t a default rule about keeping your condo carpeted but your board may have the right to amend rules and could inspect your unit. Familiarize yourself with rules and guidelines before you renovate. And if you’re thinking about buying a New York condo, co-op, or renting a New York apartment, be sure you understand what the rules and guidelines are so that you don’t cause yourself unnecessary expense. More than one New York condo owner has had to cover up floors that they’ve just spent thousands putting in, due to the carpeting requirements of their condominium. Fact: Your condo board can twist your arm If a complaint is lodged, you may be required to do things to ensure that your suite meets the requirements set out in your agreement. Inspections may take place and you may receive notice advising you that you need to make specific changes. For a homeowner that has recently paid to have gorgeous floors put in, this could be more than inconvenient.
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