Alpha Sigma Phi at Iowa State moving out chapter facility

[Preston327]

As a non-Greek, this has always kind of confused me. Aren't chapter houses built to spec for the organization with their letters and/or coat of arms everywhere? That'd certainly make selling it a bit awkward for the buyer.

[banditone]

Sometimes, but not always. And many times that stuff can easily be changed out - letters come off and new ones go on.

It's when the letters/badge/etc go into concrete that it becomes costly to change.

My question after reading the article is this: Just because you move out doesn't mean your bills stop. I'd assume the alumni core has money to float the house until they can lease it or sell it.

[Psi U MC Vito]

Originally Posted by banditone

Sometimes, but not always. And many times that stuff can easily be changed out - letters come off and new ones go on.

It's when the letters/badge/etc go into concrete that it becomes costly to change.

My question after reading the article is this: Just because you move out doesn't mean your bills stop. I'd assume the alumni core has money to float the house until they can lease it or sell it.

I can't see many bills if there is no occupancy.

[exlurker]

Originally Posted by Psi U MC Vito

I can't see many bills if there is no occupancy.

Even empty, wouldn't there be ---
propery taxes,
security guard / service (assuming that the house corporation has even a grain of common sense),
heat,
sidewalk maintenance, snow / ice removal to avert slip-and fall lawsuits,
a liitle electricity,
a little water,
insurance,
etc.?

[VandalSquirrel]

Originally Posted by Preston327

As a non-Greek, this has always kind of confused me. Aren't chapter houses built to spec for the organization with their letters and/or coat of arms everywhere? That'd certainly make selling it a bit awkward for the buyer.

The house the Lambda Chi Alpha chapter lives in here (which was rented to the Alpha Gamma Rhos) has remnants on the fireplace of Pi Beta Phi and it isn't that big a deal, nor is it an issue that the Kappa Delta's live in a kite shaped house. Things happen, like building new houses, selling houses, or renting houses in places without lots of open land.