There are many choices to make when buying. You want to consider location, size, a building with amenities vs one without and renovations. Thinking about if you want to renovate or not is a big decision as it will determine what you’ll see and...
There are many choices to make when buying. You want to consider location, size, a building with amenities vs one without and renovations. Thinking about if you want to renovate or not is a big decision as it will determine what you’ll see and spend. There are major price differences and you will most often get a better deal when buying something that needs work, but do you have the time and bandwidth to handle renovating in NYC? Trust us, it’s not for everyone! Today we are talking about buying renovated vs unrenovated and what makes the most sense.
When looking at properties it’s great if you have already thought through if you want to renovate or not. There is a big difference between a gut renovation and just doing maybe a bathroom. However, it’s much more complicated to renovate in NYC due to permits, time constraints, neighbors to think of, and building rules. If you are going to renovate it’s going to cost you time and money and you need to consider that you will have to carry two places while doing this and you need to be ready to expect the unexpected. If you prefer to buy a property that’s completely done know there will be more competition on that property but in the end, it might be easier for you.
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