Remodel & Renovate in 20002>Question Details

oshvip, Home Buyer in 20002

My condo assoication is thinking of adding a shared roof deck. Is it worth the cost? What's the ROI?

Asked by oshvip, 20002 Thu Jun 21, 2012

We are located in the Bloomingdale area.

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It is a terrific idea especially if there is limited outdoor space. Most potential buyers would appreciate it.
0 votes Thank Flag Link Tue Oct 15, 2013
If there are no balconies then a roof deck is a great idea. It promotes socialization among residents, can be a place to do outdoor cooking (depending on condo rules) and is a nice amenity when it comes to resale.
0 votes Thank Flag Link Mon Apr 22, 2013
Hi oshvip,

A shared roof deck is a lovely idea. Sometimes you just want to go outside and socialize, but the blazing hot sun can deter you. Think of it as an additonal room with fresh air.
0 votes Thank Flag Link Tue Jun 26, 2012
A roof deck is popular and can provide a great opportunity for condo/coop owners to interact socially, and provide outdoor space where it is otherwise non-existent or limited. It is also a great selling point for future buyers -- especially if the building does not have many amenities and if the condo fees are reasonable. It is very difficult to compute a ROI, but I do think it could make units more competitive for resale purposes. Determining the cost per unit owner for the construction, maintenance and insurance for the roof deck, would give you some idea. Add that to the current value of a unit and compare to most recent sales in the building.
0 votes Thank Flag Link Thu Jun 21, 2012
It is something that will assist when it comes to resale, specially if it's a place where there is not much yard space.
Vanessa Vargas
Keyes Real estate
0 votes Thank Flag Link Thu Jun 21, 2012
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