First introduced at the manager’s meeting and then mentioned in the last board meeting…I did some research.
I have original doors and windows and have original hurricane shutters. They are both in very good shape and I live on the ninth floor.
I asked two different real estate agents about the value to my apartment if I changed my windows and doors would it bring extra value to my apartment. Both agents said changing Kitchen and / or bathrooms would add value but not windows and doors. One agent said since I live in a high floor this would not be a real problem during a hurricane.
So I will not change my windows and doors. But 20 people in the building have expressed interest into this project.
The Renew Pace document which was given out I also read thoroughly. The main problem I have with their offer is the interest rate is 6.75% for 5 years . I looked up in Bankrate.com and if I took a home equity loan for 5 years it would be about 3.74%.
Note: If you decide to go ahead and with the suggested company All American Windows I did find some bad reviews about this specific company on the web. I am waiting for a phone call from a building that used this company 2 years ago for their recommendation.
However, there are many condos in the building that have already changed their windows. Why not contact these companies first instead of a company no one has used before. Also we were not told what kind of glass is being offered at this price and there are many various types.
I also wonder where this project came from and why now?