In theory, the cost of building-wide improvements should be less in a condo because it is spread out across dozens of residents, and the sheer scale of the project could lower the overall price. But it does not always work out that way. Condo board members are volunteers who may not be skilled negotiators or knowledgeable about construction. They may take the first bid they get, or agree to more work than is necessary. If complications increase the cost of the job, residents won’t necessarily know. “This is one of the potential downsides of a condo or co-op scheme,” said Eric D. Sherman, a real estate lawyer and partner in the New York office of Pryor Cashman. “Lots of the time, boards are under the gun. They’re not paid for their efforts, they take the first bid from the first contractor that they see and they say, ‘sign me up.’”
Risk: The range hood sucks cooking fumes up and out of the kitchen. As grease splatters, it builds up and clogs the filter in the underside of the hood, keeping the fan from working as it should. This could cause your smoke alarm to go off, attract fruit flies, and leave potentially harmful pollutants from your gas or electric range lingering in the air. And if you have to replace the motor, it will cost around $200.
When the kitchen faucet leaks, you can’t just call the super. Instead, you have to find a handyman willing to do the work — unless you want to figure out how fix it yourself. But that would mean spending half a day at Home Depot wandering around the plumbing aisle. Buy the wrong materials and you may be back at the store a week later, or calling that handyman anyway to fix your mistake.
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