Buying an apartment in building with rennovationPipe replacement is due |
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Buying an apartment in building with rennovationPipe replacement is due |
22.Jul.2012, 07:50 AM
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#1
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Joined: 10.Aug.2010 |
Hi Folks,
Can someone guide how safe it is to buy an apartment in an building with major renovations planned in few years. if apartment is renovated already and Little lower than market rates, Major renovations in the building planned: Pipe replacement Windows Staircase Backyard etc. How painful and risky it is to buy an apartment in this kind of building from selling point of view. If the price is 10% less than market do ppl prefer to buy that if not how much do you expect? Any views are appreciated. |
23.Jul.2012, 10:56 AM
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#2
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Joined: 20.May.2006 |
I guess it depends on where the apartment is. Those who are in popular areas will most likely get the money back. Otherwise, I don't think it is worthwhile to buy such an apartment. The work to be laid down will cost you more than the 10% you saved and it will not guarantee you will get the money back if it is in a so so location.
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