u/Interesting_Push9561

Hi,
I just passed my board interview for one of the Forest Hills presidential co-ops on 108th st. My lawyer is working on a closing date, but we're aiming for end of October. I think after I submit the renovation paperwork to the board and get approval, I’m hoping renovations can start around end of November.

Assuming there are no surprise problems and you’re working in ideal conditions, what is the minimum cost to renovate a 1400 sq 3 bed, 2 bath co-op renovation using mid-price range materials/supplies from the information below? Does anyone know any contractors that are familiar with working in these co-ops in Forest Hills?

-       Removing carpets and replacing the floors with laminate/LVP or engineered hardwood - I was told the floor was leveled.  I'm on the fence on getting engineered hardwood because eventually the floor has to be covered in 80% carpet or rug so that's why I'm leaning towards laminate or LVP, but unsure what to choose. Maybe one type of flooring is better on concrete floors than another? Note: all the walls and floors are concrete.
-       Restore the wall between the kitchen (7x12) and dining room (9x12) which will create that "3rd bedroom"
-       Renovate the kitchen (7x12) and 2 full bathroom (5x7) – plumbing configuration does not need to change; all fixtures are on one wall in both bathrooms. I don't need intricate tiling or glass shower doors; I just want big tiles and will need help in designing an easy to clean bathroom)
-       Paint, replace light fixtures and kitchen appliances

Thank you  

I’m in the process of selling my co-op (closing around end of Sept) and purchasing another co-op (closing end of October). The purchase of the new co-op is not contingent upon the sale of my current co-op.  

My mortgage lender has pre-approved us for the loan to purchase our new co-op. But once I close my current co-op in September, I’ll receive a good chunk of money and I could increase the downpayment on the co-op I’m planning to buy. 

Does changing my mortgage request to a lower amount a difficult process? Is there a bad time to request in my purchasing process Is there a good time? or it doesn’t matter when I request it.

The site says it can take up to 90 days, just wondering if anyone has gotten it less than that. My job will only reimburse my test after I recieve the physical certificate. Thanks!