Posted by Nate(DC) on November 03, 2002 at 23:51:04:
maybe, although some people are resistant to any kind of change, simply because they think they like things the way they are.
NT
Apartments to condos - Posted by Jereme
Posted by Jereme on November 01, 2002 at 11:27:36:
How easy is it to buy an apartment complex and convert the units to condos? How much does it cost to convert them?
Re: Apartments to condos - Posted by ray@lcorn
Posted by ray@lcorn on November 01, 2002 at 17:29:45:
Jereme,
Check the archives here for “condo conversion”.
There is an excelent thread at
http://www.creonline.com/commercial-real-estate/wwwboard5/messages/1435.html
ray
Re: Apartments to condos - Posted by David Krulac
Posted by David Krulac on November 01, 2002 at 15:16:12:
It depends on YOUR local ordinances. Many places a condo conversion is treated like a subdivision plan and must jump through all the same hoops.
Check with your local government or local planning department. Plans can take as little as a few months or as much as several years to get all the approvals.
In general the local officials will want you to comply with all current requirements. Sometimes a stumbling block is something like number of off street parking spaces.
Another key factor is neighborhood acceptance. If your neighbors don’t want it and protest your plan, your battle immediately becomes an uphill battle. neighbor protest is often the kiss of death.
David Krulac
Central Pennsylvania
Re: Apartments to condos - Posted by Jereme
Posted by Jereme on November 02, 2002 at 10:01:51:
Wouldn’t most people consider condos an improvement over apartments in their neighborhoods?
Re: Apartments to condos - Posted by James Buster
Posted by James Buster on November 06, 2002 at 16:49:07:
Why have logic when you can have “feel good” politics? “Tenants rights” activists in San Francisco, for example, vocally and loudly oppose the common practice of converting 2-4 unit apartments into tenant-in-common owner-occupied housing. It’s a popular way of getting around anti-condo laws and stiff rent control, and it’s much cheaper than a standard condo conversion. Fortunately, the SF voters vetoed a referendum prohibiting the practice. I object to being “saved” by activists, and I don’t understand why they do what they do, but they are, unfortunately, influential, especially among the largely Democrat city officials that run Bay Area cities.
logic does NOT always prevail… - Posted by David Krulac
Posted by David Krulac on November 04, 2002 at 10:15:30:
as Nate said many people don’t like change, some other people don’t want to see you make money because they’re jealous.
I had a recent real life example where the neighbors protested me wanting to build a MORE expensive house than theirs in the neighborhood. They wanted the lot to remain vacant so their kids could play there. the property has been for sale for many years and none of the neighbors had the %$#@ to buy the property. you figure it out.
The neighbor protest factor is one of the most underrated issues in development or use changes like you’re proposing.
David Krulac
Central Pennsylvania