Sanity check my co-op inspection.
May 30, 2014 8:02 AM Subscribe
I just had an engineer inspect the co-op we put an offer in for, contingent on a satisfactory inspection. I don't know anything at all about repairs (so we'd contract out for anything big) so help me figure out if any of the stuff below is possibly a huge dealbreaker.
posted by griphus to Home & Garden (25 answers total)
The apartment is just very slightly under our budget. The building seems to be actively maintained (there's an assessment going on until 2018) However, this is what the engineer found:
-The basement boiler is about 30 years old, which means it's roughly at the end of its life. Anyone have an idea of what an assessment on a new boiler in a co-op looks like?
-The windows are quite old and need to be replaced sooner than later (~$5K for good windows, according to him)
-There's some minor re-tiling to be done in the bathroom around the bathtub to prevent potential water damage.
-The brick/concrete terrace (which is the co-op's responsibility) needs to be fixed up from water damage. I'll need to talk to my lawyer first, but I suspect my ongoing offer is going to be contingent on that repair being made before closing.
-A number of older 2-prong outlets should be replaced with 3-prong
On top of that I've already known that we'd have to:
-Have the carpeting pulled up
-Have the hardwood floor under the carpeting buffed/repaired/finished.
-Replace the refrigerator and dishwasher (and possibly built-in microwave)
-Replace the inner terrace door with a glass one (for light.)
Other than that, the building itself is apparently well taken-care of and there's an assessment going on for the next few years for repairs that are clearly getting done. I like the apartment, I like the neighborhood, the price is right, but are we about to get in over our heads? I was hoping to keep any repairs we have to do under $10K, but is that realistic considering everything?