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Is a new lobby a good investment?

Published June 15, 2015 (almost 11 years ago) · Updated 3 months ago
Is a new lobby a good investment?
Q: I live in a 72-unit co-op building, and the board is considering a renovation of the lobby and upper hallways. They're consulting with a designer on a new paint scheme, but another option is a complete renovation of the upper halls from walls to ceiling, including new fixtures. Would this kind of renovation bring appreciable or equal value to our apartment, or is there a wiser capital improvement that would bring greater value to our apartments?
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