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Claudia, Other/Just Looking in Miami, FL

In reference to condo conversions; what is the difference between a full gut and non gut rehab?

Asked by Claudia, Miami, FL Mon Dec 1, 2008

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Dear Claudia,

This answer should be specific to your market area. In Chicago which has a very stringent building code, gut rehab implies that all materials (other than the outer shell be it brick or frame) have been replaced. There is still a bit of a debate about exactly what the term means, but there is typically a general market understanding that is specific to a geographic area. In Chicago for example there might be a disagreement about a building that had all of its materials replaced except its original floor joists and sub flooring. Most would consider that a gut rehab in Chicago whereas a smaller minority would argue that those original materials disqualify the description "gut rehab." If you are considering a condo that describes itself either way, I'd suggest getting a specific list from the seller or their agent of all materials that have been replaced. Good luck to you.

Sincerely,

Christopher Thomas
Broker Associate, Sudler Sotheby’s International Realty
1634 E. 53rd St. 2nd Floor Chicago, IL 60615
773-418-0640 (mobile) 312-577-0985 (fax)
Christopher.thomas@sothebysrealty.com
Web Reference: http://www.myagentchris.com
0 votes Thank Flag Link Thu Dec 4, 2008
From my understanding; a full gut rehab would replace electrical, plumbing, glass/windows, and just about everything to the shell.
0 votes Thank Flag Link Thu Dec 4, 2008
Same as Used car, Preowned car and Certified preowned car!
0 votes Thank Flag Link Tue Dec 2, 2008
Claudia..a full gut rehab or remodeling job means up to the studs, floors, kicthen, counters, bathroom..and it should also mean windows( this you have to check) That means also new shower, bath, oven, frig,, walls..and if need be electrical and plumbing and painting. Non gut rehab would be some work done as counters, new paint, some tile work..but not as major for sure!
Happy hunting!
Lloyd

LLoyd Nichols
Right Choice Realty LLC
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0 votes Thank Flag Link Mon Dec 1, 2008
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