I recently received an email from a reader whose condo is facing a major re-model and wondering if there are other buildings that have gone through something similar:
I am working on a cost benefit analysis that will (hopefully) illustrate the feasibility of the project. In doing so, I am trying to identify condominium projects that have had rather substantial remodels of common areas, so that I can trend values before the remodel, and after the remodel, to see if we can identify a change in value tends as a result of the project. Any identifiable change in value can then be compared to the cost of the project and presented to the homeowners to determine if a special assessment is appropriate.
Can you think of any buildings that have been substantially (cosmetically) remodeled that I could use in such an analysis?
Can anyone help out with some suggestions?