Comment of the day: throwing in the towel at the Renaissance Lofts

I’m still going to post the diary of a first time buyer…have all my emails and notes together, but recently I finally have had enough of this building and all the problems I’ve had since I moved in.

In the last 6 months I’ve had water infiltrating my unit from the outside of the building.I’m not alone as there have been other units having the same issues. It’s gotten into my unit, the drywall, damaged my wooden floors, stained my rug and couch. The drywall is stained and I can only imagine what is growing inside the drywall from the repeated water infiltrations. There have also been some other issues happening as well. The new condo association still hasn’t accepted the building and they brought in someone to go through the building and identify all the building issues.

I had my attorney notify the developer (The Kopley Group) that I wanted to exercise their “buyback guarantee ” and supposedly within 90 days I’m supposed to get what I paid for the unit (minus what it takes to get it back to “sale-able” condition) except for normal wear and tear. I’ll be interested to see if they actually live up to their promise. I’ll keep you posted on how this goes. It may be helpful for someone else.

Cheers

Kevin Black, a homeowner at the Renaissance Lofts at 1791 W Howard St, in his latest post on NewHomeNotebook.net about life at the Rogers Park development. If you live in a condo, loft, or townhome development and would like to share your thoughts about your home or your buying experiences, sign up for a NewHomeNotebook account.

COMMENTS

WORDPRESS: 1
  • brad 10 years

    Wow, I hope you are able to get out of the deal “whole.” I have had some similar issues, but our developer has been good for fixes. This shows the important of a full building inspection even if you are only buying a single unit.