Hinman is a great street! And if you can score a good deal on a condo than I say go for it!
First, have the Realtor that you are using investigate by providing comps in the area and building to help you determine what upgrades to do so that you donâ€™t overdo it, and ask the question should you do it, to make sure you are making a smart investment.
Remember, anything you do to your new condo, you are going to have to get permission from the board of the building. Once you have plans in hand, you or your contractor will have to obtain a permit from the city, which requires one for any renovation project that involves plumbing, electrical, or structural changes. A permit can be issued in as few as 15 days but will be delayed if the plans are not up to city building code. Any construction must adhere to current code/brought up to code. The Department of Buildings inspects after certain construction benchmarks, and anything that does not adhere to code must be redone. With considerable time and money at stake, most people hire an architect/general contractor.
FIND A GOOD CONTRACTOR! This is key! Contact me at Lala.Green@cbexchange.com for a list of workers that I know and trust in Evanston, IL. Make sure to ask each contractor for at least three referrals, and interview former clients about how the contractor measured up in terms of delivering the project within the estimated time and budget. You will thank yourself for taking the time to do this later.
These are my â€˜guessesâ€™ for pricing. Pricing will largely depend on the material & finishes you choose (please note this is my opinion and not a quote).
Bathroom finish work (tiling of 2 bathrooms: $8,000
Drywall (labor): $4,000
Drywall (material): $3,500
Hardwood flooring (material): $5,000
Hardwood flooring (install): $2,000
Dumpster service: $1,500
Construction cleaning: $500
General contractor fee (if you use one) ?
Hope you find this helpful. For more information about me and how I can help,
Coldwell Banker Wilmette