NYC cost guide · Updated October 2026

Renovating a co-op?
Budget for the board.

Free · Priced for your project and building · No obligation to hire

Beyond construction

The costs your contractor won’t quote.

In a co-op or condo, the building has a say in your renovation. That means extra fees, extra paperwork and rules about when and how work happens. None of it shows up in a contractor’s bid, so budget for it separately.

Alteration agreement & board review

Most co-ops and many condos require a signed alteration agreement before work starts, plus review of your plans. Expect application and processing fees, often a few hundred dollars, and architect review fees that commonly run $1,000 to $2,000.

Refundable security deposit

Buildings often hold a deposit against damage to common areas, commonly $5,000 to $20,000, returned after the job closes out.

Architect & filings

Plumbing changes, moved walls or “wet-over-dry” layouts usually need drawings and a Department of Buildings filing. Soft costs (plans, filings, inspections, insurance) commonly add $5,000 to $30,000.

Work-hour rules

Many buildings limit work to weekdays, roughly 9 to 5, and some ban summer renovations. Shorter workdays stretch timelines and can raise labor cost.

Construction costs

Then the work itself.

Questions

Good to know.

What is an alteration agreement?

A contract between you and your co-op or condo that sets the rules for your renovation: approved plans, insurance, work hours, deposits and who pays for damage. Most buildings require one before any significant work.

How long does co-op board approval take?

Often several weeks, longer if the building’s architect has questions about plumbing or structural changes. Submit complete plans and insurance certificates up front to avoid delays.

What is the wet-over-dry rule?

Many buildings don’t allow kitchens or bathrooms to be placed over a neighbor’s living or sleeping space, because of leak risk. It can rule out some layout changes, so check before designing.

Does a gut renovation need a permit?

Almost always. A full gut usually needs architect’s drawings and a Department of Buildings filing. Gut renovations commonly run $238k–$554k for a typical apartment, depending on size and finishes.

Get the number for your home.

Ranges are estimates for typical New York City projects, not quotes. Your price depends on size, condition, finishes and your building. Market references: Block Renovation: New York City apartment remodeling costs · Brick Underground: Cost of renovating a brownstone vs. a condo or co-op · NYC Department of Buildings · NYC Department of Consumer and Worker Protection: Home Improvement Contractor license.