Hey all, I know we have contractors and various condo board members here that I'd like to lean on. I'm on the board at our condo building and a month or so ago we had a water damage in one unit that also affected the unit below.
Side note/off-topic: As some folks may or may not know, the latest version of the Condo Act simply states that the personal insurer for that responsible unit only needs to pay up to the corporate deductible for that type of claim. As an example, if there is a total of $80,000 water damage and repair that occurred originating from unit A's failing, and the corporate deductible for water is $75,000, the condo corporation is on the hook for $5,000 despite the failure coming from a unit and not the building. Even in a perfectly sealed condo unit (theoretically), if the total in that unit is more than the corporate deductible the condo corporation has to pay for the extra despite not affecting any other parts of the condo.
Now the point of this post. As the board is combing through the quotes for repair, some things seem pretty expensive. We are getting additional quotes to compare but our property manager has indicated that they all use the same software and are likely going to be close to one another.
The main cost is repairing the kitchens in two units. I'll post up a photo of my kitchen for context and I think the affected ones are likely very similar looking. The big thing that stuck out to us is replacing the granite countertops with the install -- $17K for two units. Additionally, for anyone who knows or does kitchen install/repair, what is the rough cost of replacing all the cabinets? What about just the lower cabinets? Lastly, what about replacing laminate/underlay flooring for ~700 sq ft?
TIA.