The Space is NOT Free. We all pay for it...
Wednesday, July 23, 2008
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1 comment:
We all pay for the storage in our maintenance,
some have storage some don't. It is akin to the lobby or hallways, but
as limited space only certain people can use at any one time. if it is put to a vote and people buy the rooms, and you buy one...
you are probably getting much more storage room than you probably have now
that is exclusively yours, a storage area you can enhance and resell at
a possible profit. So while it is still storage it is not the same space you share now.
We may decide as a whole co-op if it is better to
continue with the present shared system or let people buy them for
exclusive use and resale profit. But everyone benefits from the money
that comes in because we all avoid thousands of dollars in assessments.
Around 90+ apartments will be able to buy one and be able to
lock them, improve them and resell them at will most likely be a great
profit not to mention capital improvements to the building.
People that presently use it will lose communal storage but save
thousands from avoiding assessments and get capital improvements as
well as some maintenance management (a bit).
For People who have not storage now its almost a no-brainer
People with common storage will have to make a decision based on many factors such as
a)
how much of the rooms they currently occupy e.g. what size rooms are on
their floor, how well their neighbors currently use the space and the
future of using it since rules and space is subject to change
b) their economic ability to buy a room and/or pay the assessment
c) how large their assessment may be without the plan
d) their interest in the plan's other benefits like
*Increasing the Rainy Day Reserve
*Helping reduce management issues
*Cleaning up and securing the rooms, etc.
e) their Needs for storage
Posted by Rob
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