9:42 AM 06/22/2011
Hi all,
Just wondering if the estimate our architect has given us for an expediter is reasonable. We're renovating a 4-story SRO and turning it into a garden 1BR + triplex. There is currently no C/O. Architect is recommending filing both an Alt 2 (first) then and Alt 1. We're not doing a full gut but will be switching boiler from oil to gas; new electric; adding a kitchen and taking down a few walls.
I'm new to all this so not sure what other parts of our work beyond the Alt 1 + 2 will require the work of an expediter...but the architect is saying the exp. will cost $8500. Is this reasonable? Have done some basic research and it seems high, but maybe I'm missing something?
Thanks in advance...
e
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If certificate of occupancy is included it is not THAT excessive.
10:44 AM 06/22/2011 | 0 Votes
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Hi all, to answer -- yes -- we're being told we need to do both filings to speed up the process. We're using a 203K loan so construction must begin within 30d of closing, and architect says best way to ensure that is to start with Alt 2 while allowing the time for an Alt 1 to clear. We'll also need the C/O, eventually.
Is it possible we can get by with only the Alt 1, even with the 203K restrictions? That would be great if so...
thanks!!
1:08 PM 06/22/2011 | 0 Votes
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