Make the renovations for your living purpose but not for selling it as a 2BR. When it comes down to reselling your apt, the smart person that will buy it will purchase it according to how it was originally configured in the offering plan. Will it get you a better price as a 2BR? Depending on how you chop it up. maybe not. Sometimes, it won't even sell because of how impractical the floor plan has been altered. However if the new configuration is well thought of and renovations are well done in terms of materials used, lighting, space, etc., it may get you a tad more than if you sold it as a 1BR. So my practical suggestion is to change it only if you need it for your purpose or for your enjoyment of living and hope for the best on your resale. I would be more than happy to help you if you would want me to render my opinion on your space. Best of luck on your decision!
Zita Alvarez Lo
Licensed Associate Real Estate Broker
PRUDENTIAL DOUGLAS ELLIMAN
205 East 42nd Street, 6th floor
New York, NY 10017
What is your time horizon? What are you hoping to sell the apt for? The entire area is slowing down. Gail's post is short and exactly what you'll get from everyone who's listed as "Real Estate Pro". Why? Because if the market slows down, they make less money, so they need transactions. They may just be the most optimistic people in the world, but I suspect there's a bit more to that. Manhattan is slowing down. Here is a bloomberg article about Manhattan have the largest decline in sales in 18 years. http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aâ€¦ Job cuts are still coming, the slow down will continue unles the economy turns around which isn't looking like its happening quickly. But hey, we americans could use the foreign influx of money, so buy away, just don't expect to make money, especially with the exorbitant fees real estate costs to buy and sell.
In short Donna this is the month to list the apartment the interest rates are at an all time low I am bombarded w Greenwich Village buyers. The new condos are in favor of the older ones. 14 w 14 street is a perfect example it is sellling like crazy.
I will discuss commission incentives with you when i meet you fr a free market analysis if you like. I have been in ht is business for 15 years and an investor myself. I am an E-Pro which means I can grt your listing out there on every site google ebay trulia and in hte Times Craigs list etc etc Streeteasy as well. Hope to hear from you. I live close by in hte Petersfield Condo and I was born and raised in Greenwich Village. On ht eweekend you might reach me at 201 3100344 if 917 is full. I do offer broker incentives and will promise to have your place sold in 90 days and have an accepted offer in 30. I deal w a lot of foreign investors and also students at nyu and parsons w well healed parents are you in a coop or condo? Lets talk!!!! I currently have at least 15 buyers for the village depending on price condition etc. When i was VP at Greenthal(now Trump Greenthal) 4 years ago I managed 88 Bleeker and 130 Barrow feel free to google me I believe its still onhte net.As far as commisssions the big companies do not really lower the commissions yiou are better off w a mid sized Brokerage that can concentrate on the deal and give you a better commission which I won't print! I currently have a client attending Parsons and am woorking w her and the parents to find a suitable apartment to buy for cash amongs other clients.