By Tripp Whetsell
Generally speaking, “case by case†means that a co-op or condo board’s rules are not cut and dried, and that board deliberation will be necessary.
1. Dogs
If you already have a dog, or think you might want to have one someday, it’s safest to steer clear of buildings that aren’t openly dog-friendly and have weight, breed or height restrictions.
2. In-unit washers and dryers
If the building in question permits residents to own a washer and dryer on a case-by-case basis, don’t start pricing out the latest models at PC Richards just yet.
3. Construction
“It’s almost impossible to get a construction plan approved in advance no matter what the case-by-case rules say… you’re going to have to be prepared either scale back or change your plans.â€
4. Running a home business
Loud, noisy, neighbor-disturbing professions–or those that present a perceived security risk in terms of increasing foot-traffic (especially in a non-doorman building)–are less likely to land on the positive end of the case-by-case spectrum.Â
5. Subletting
If you are buying a co-op and suspect that a short-term move out of the city may be in your future, you’d better make sure there’s a board that will take that into account.
“It all comes down to the mindset of board members…they want to be able to approve based on how the apartment will be used and the criteria of the financials.”
7. Downpayments & financing
While most co-op buildings require a 25% down payment, some require significantly more.
Read more: http://www.brickunderground.com/blog/2013/02/what_does_case_by_case_approval_really_mean
Published by