fixer-upper in co-op
We are considering purchasing a fixer-upper in a smallish co-op (about 16 units) that will involve a good deal of work (rebuilding some parts of the ceiling, redoing the kitchen and bathroom, probably some electrical and plumbing upgrades, refinishing the floors, etc.). We are renovation amateurs but are hoping to learn how to do as much of the work as possible on our own.
I am wondering if there are significant issues with doing DIY renovations in a co-op apartment (as opposed to in your own brownstone). Is there anything we should be particularly concerned about, or any particular questions we should be asking before making an offer?
For example, I’m wondering if a co-op board would prevent us from doing certain types of work ourselves because of our lack of experience or because we’re not licensed or insured. We would intend to do the work on evening and weekends – could that pose a problem as well?
Thanks in advance for your responses!
