stella2009's Profile
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October 22, 2009
Certificate of Occupancy
We are about to buy a small one-family in CH that does not have the CoO on file (but listed as one-family on tax papers). Are we going to have to get the CoO? (we are planning extensive renovations - but no modifications to the floor-plans). In both "yes" and "no" scenarios - will our taxes increase vs the current year assessment?
if anyone can elaborate on this- we will greatly appreciate it! we never owned a home and have troubles understanding the property tax issues.
Thanks a lot!
June 27, 2009
brownstone condo: inspection?
we are looking to buy a studio in a 7-unit PS brownstone. the unit has has the original 50+ yo kitchen and bathroom and has not been renovated (ever). we like it like this. the question is: is the electric rewiring and new new plumbing are to be budgeted for immediately (for safety reasons)? would you recommend an inspection (the condition of the unit is clear, but will the inspector uncover issues with the building? what is a reasonable fee for an inspection of a studio coop (no appliances)? any recommendations? Thank you!
June 14, 2009
New condo property tax
I was extremely surprised to find out that the post 15-yr abatement the property tax on a studio condo in a rather fringe location will rise from 30$/month to ...700$/month. I understand that it should increase substantially, up to 10 times, but this is quite an increase. The broker maintains this is completely normal and i should not worry to ever have to pay that as there "will be new abatements" etc. Does such disproportionate increase means this condo is in a particularly unfavorable situation tax-wise? what drives the estimate for RE tax post-abatement? where can I turn for the information? Really appreciate your input!
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Responses to Author's Forum Comments
Due diligence is fine, but don't go into it thinking that everything has to be replaced just because it's 50 years old, particularly plumbing. It may just require cosmetic fixes.
An inspection should reveal problems and give you a better sense and reassurance. House inspections are I think 5-600(?)
Good luck.
Posted by: cmu at June 27, 2009 11:31 AM in response to brownstone condo: inspection?
the brownstone has been converted/re-built around 1940-50, so the "original" is referring to that point
Posted by: stella2009 at June 27, 2009 6:08 AM in response to brownstone condo: inspection?