The Boulders, East Hadley Road, Amherst
The Boulders, circa 1975 when it was known as "Brittany Manor", one of the original large professionally managed apartment complexes in town, is getting a major exterior renovation, shedding the quaint but dated looking wood shingles in favor of a cleaner, tighter vinyl siding and new energy efficient windows.
The project is estimated to cost $849,996 and has generated $8,700 to the town in building permit fees. Although town assessor David Burgess confirms that current assessed value of $11,651,200 ($240,000 in property tax payment) will not go up as the renovation is "considered a reasonable expense to maintain the property."
Not a bad idea, as it gives landlords an incentive to do basic maintenance. Although we have a few in town that consider basic maintenance above and beyond their call of duty.