Forum Archive: Posts by: bclinton

I’m working on a Bed-Stuy building that needs 6 months to a year of work; a gut renovation. I currently live in Stamford, Ct; and commute 2-3x a week, an added expense.
The owner and I have discussed my staying in the building while the work is done – the building gets more attention, security, etc; and I don’t need to travel.
Has anyone ever entered into a ‘lodging for construction’ arrangement? It seems that at first, when it’s more like camping out in the midst of a mess, the owner would get greater benefit from me staying there. Later, after the space is more habitable, the value of the rental would increase and I would get the greater benefit. So maybe after the first month or so I would begin bartering for a rental that increased in value each month?
Thanks for a great forum – any advice would be appreciated.