Can You Convert One Bedroom Into Two in Your Condo?

If you’re considering adding an extra room to your condo, don’t be too quick to begin construction.

Before any big remodel project, especially one that involves converting one bedroom into two, you must first receive the go-ahead.

 

Why you need HOA Approval

Homeowner associations (HOAs) are responsible for maintaining and managing condo communities. These associations have tight control over establishing rules that unit owners must follow, especially when it comes to remodeling.

Before beginning any renovations, including adding an extra room to your condo,  it is critical to examine your HOA’s condo renovation rules to see what is permissible. You can find these guidelines laid out in the Covenants, Conditions, and Restrictions (CC&Rs).

Many CC&Rs require board approval before moving forward with any structural remodeling.

Homeowners associations generally try to grant unit owners as much freedom as possible, as long as they don’t upset or violate the rights of community members. The rules are in place to keep the community as safe and peaceful as possible.

If you disregard or violate your HOA rules and regulations, be prepared to face fines or legal action.

 

What is Considered a Structural Change in the City

If condo owners want to add or remove a wall within their unit, they need permission from the HOA because this type of remodeling is considered a structural change.

So what exactly is considered a structural change in a condo?

In many HOA bylaws, when defining structural change, a standard clause reads, “Nothing shall be done in any unit or on the common areas which may impair the structural integrity of the building or which may structurally change the building.”

Essentially, these definitions mean that a structural change involves changing your condo unit’s original floor plan and knocking down walls.

Anytime you change your unit’s layout, you need to run your design plans by HOA to ensure the safety of your unit and the entire building. Many associations ask homeowners to file an architect’s plan for any alterations on a unit.

If you add an extra room to your condo, this will involve changing the original floorplan of your unit and knocking down walls, therefore this renovation constitutes a structural change.

While it is likely that your HOA will allow this type of structural change, they need to be in the loop of this process, especially if it will be a loud and possibly disruptive project.

If you are serious about adding an extra room to your condo, don’t delay speaking with your HOA. The quicker you can get approval, the sooner you can begin your dream home renovations!

How to Use Condo Remodeling Contractors

Remodeling a condo can be extensive and exhausting. To save yourself from overcommitting to a DIY project, consider teaming up with a professional condo contractor.

Leaving some of the hard work in the hands of an expert will help ensure that the vision for your space comes to life.

 

Residential Contractor Condo Work

Relying on condo remodeling contractors helps optimize the outcome of your home renovations. It also saves you time and stress associated with home improvement projects.

Residential contractors have the experience and credentials to flip your space, taking one more worry off your plate.

Additionally, these contractors are familiar with how homeowner associations operate and how to navigate HOA’s Codes, Conditions, and Restriction (CC&Rs). This is important because every condo HOA has its own unique set of rules and regulations that dictate what can and can’t be done during home improvement projects.

Unlike single-family homes, condos present a limited, finite, and shared space. Contractors understand how to work with this unique space and within the restrictions of multi-family housing.

 

Finding Condo Contractors

Before teaming up with any contractor, you need to find a good fit.

Narrowing down a suitable contractor involves finding one who you trust and fits in in your condo renovation budget.

Get recommendations. Speak with local real estate experts or friends to help find someone with a good track record. If no one in your circle of friends has a referral, check in with the National Association of the Remodeling Industry for a list of reliable members in your area.

If you think you’ve found your potential hire, be sure to meet or an in-person interview before moving forward.

Before hiring anyone, write up a contract that details every phase of the project: payment schedule; proof of liability insurance and worker’s compensation payments; a start date and projected completion date; specific materials and products to be used; and a requirement that the contractor obtain lien releases (which protect you if he doesn’t pay his bills) from all subcontractors and suppliers.

 

Condo Renovation Budget

Financing condo renovations can be tricky and costly.

Before beginning any phase of remodeling, establish a condo renovation budget. It’s important to decide in advance how much money you have to work with. Also, be sure to stick with this budget as closely as you can during the process.

If you decide to hire a contractor, be sure to know how much you have to spend on this hire. Consider setting up an agreed upon payment plan before the work begins.

With a better understanding of residential condo contractor work, that renovation project you’ve been dreaming of may not be far from reality. Find the perfect contractor today!

What You Need to Know About Condo Renovation Rules

If you are considering remodeling your condo, you want to make sure that your are up to speed with all the rules and regulations before moving forward with any project.

The Luxury Living team is here to break down the major condo renovation rules that any unit owner should keep in mind.

 

Renovating a Condo Rules

Homeowner associations (HOAs) are responsible for managing condo communities. These HOAs have tight control over establishing rules that unit owners must follow, especially when it comes to remodeling.

Due to the fact that condos are attached to other units, condo owners are often under many more regulations when it comes to remodeling a unit than single-family homeowners.

Before beginning any renovations, it is critical to examine your HOA’s condo renovation rules to see what is permissible. You can find these guidelines laid out in the Covenants, Conditions, and Restrictions (CC&Rs).

If you don’t follow your HOA’s condo rules, the board may subject you to fees or court time- neither of which are fun to deal with. So to avoid these repercussions proactively stay informed and in accord with the CC&Rs.

 

Can you Remove Walls in a Condo?

Many condo owners remodeling inquire if they can remove a wall in their condo. While the answer is generally  ‘yes’, the unit owner must first go to the HOA board for approval.

Because condo units share walls and floors with neighbors, remodeling requires consideration of the building as a whole.

The homeowners association wants to be sure that the removal of your interior walls won’t result in damage of the condo or the integrity of the building.

 

What is Considered a Structural Change in a Condo?

Unit owners require permission to remove a wall is because it is considered a structural change.

So what exactly is a structural change in a condo?

In many HOA bylaws, when defining structural change, a standard clause reads, “Nothing shall be done in any unit or on the common areas which may impair the structural integrity of the building or which may structurally change the building.”

Based on this definition, a structural change involves changing your condo unit’s original floor plan and knocking down walls.

Therefore, if you are interested in changing up your condo’s floor plan, be sure to get the go-ahead from your board before beginning remodeling.

With a better understanding of the rules involved in renovating a condo, hopefully you feel more confident moving forward with your next remodeling plans!

Condo Renovations That Improve Your Home Value

If you are considering selling your condo be sure to first maximize the value of your home.

Renovations provide an excellent opportunity to upgrade your space and improve the worth of a home.

The Luxury Living team is here to share some worthwhile condo renovations that increase home value and optimize the return on your investment.

 

How Renovations Increase Value of Condos

Home improvement projects prove to be one of the best ways to boost home value.

By remodeling your condo, you can improve the functionality and beauty of your property, which ultimately increases the selling price of your home.

If you can list your condo at a higher price than what you purchased it for, you may be able to pocket a significant amount of money once the deal closes.

However, to ensure a return on investment, it is critical to chose your renovations wisely. You want to be sure that the cost of enhancing your property will pay off when you resell.

 

Best Condo Upgrades

When deciding on remodeling projects to pursue, you want to consider the desires of prospective purchasers.

Here are some of the best condo upgrades to entice potential buyers and  improve your home value:

 

  • Kitchen: According to real estate experts, the kitchen is the most significant upgrade. Many new home buyers rank ‘modern kitchen’ as a top priority in their house hunt. Invest in refitting this area with brand new quartz countertops, refitted cabinets, and stainless steel appliances.
  • Hardwood Floors: Floors are also a major selling point for your home. While hardwood floors may cost more out of pocket, they prove to be a worthwhile investment by helping units sell faster and for higher prices. There’s nothing worse than bad, outdated carpet.
  • Bathroom: Similarly to the kitchen, the bathroom speaks volumes to potential homebuyers. It is worth your dime to upgrade the cabinets and other features throughout your bathroom. Good news is that these upgrades tend to run at a much lower cost compared to kitchen renovations.
  • Paint: Even a fresh paint job can work wonders for increasing the value of a condo. Play it safe and stick with a neutral color scheme. Whites and off-whites remain the top-selling interior colors and appeal to most homebuyers.

 

Should you Renovate?

For any homeowner planning to resell, renovations may be the key to increasing your condo’s value.

If your condo unit is looking outdated or in need of a structural change, then renovating may be a no brainer.

Even if your condo is in good condition, simple changes, such as a fresh paint job, or new appliances may lead to greater interest and higher asking prices.

Consider meeting with a local real estate expert or contractor to get advice on which renovations are right for you.

Now that you have insight into remodeling and renovations that improve home value, it may be time to begin a project of your own today!

Work With Us

Get in touch with Luxury Living Chicago Realty 's team of experienced licensed real estate brokers and take the first step in buying or selling a home in Chicago.