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My husband and I are interested in buying a fixer-upper in Park Slope.

This will be our first time renovating a home, and his first time buying a home. The apartment we’re interested in is about 750 sq. feet on the top floor of a prewar townhouse. We think it’s a good value (at around $420k), but we’re worried about reno costs, neighbors, borough regulations, the coop board… Do you have any advice for us?

By the way, we’re talking a gut renovation with limited cash available ($25k now and another $25k later in the year). Inspector thinks it’s a decent apartment but needs lots of work.