To find out where you stand, contact the co-op's managing agent, who can provide you with the most recent version of the building's alteration agreement—a standard contract between the shareholder and the building laying out your responsibilities in a renovation. This document should outline what kind of jobs require approval, as well as other factors including licensing and insurance requirements for your contractor, potential fees, security deposits, work schedules some buildings only allow summer renovations, for instance , requirements for use of the building's service elevator, requirements to file with the Department of Buildings, and other pertinent information.
As a rule, you can expect your co-op to require any contractor you bring in for a project to be appropriately licensed and insured, says Thomas Usztoke, vice president of Douglas Elliman Property Management. If you're still not clear on what this means for your planned upgrades, " send a letter to the board of directors outlining the proposed work and ask the board whether any consent would be required," adds Jeff Reich, an attorney with Schwartz Sladkus Reich Greenberg Atlas LLP.
As for what kind of work needs to be disclosed what doesn't, it will depend on your building. You may not need permission for cosmetic work that doesn't involve major systems like electrical or plumbing, but some co-ops have more regulations, or what's known as a "decoration agreement. For this type of smaller job, says Kory, "usually that work is just approved through the managing agent, and then coordinated with the resident manager on site at the building. It's generally very smooth and many contractors and painters are used to going through this.
Bottom line: If you're unsure if your planned work might require approvals, ask the managing agent, and they should provide you with all the information you need. Trouble at home? Get your NYC apartment-dweller questions answered by an expert! Send us your questions. See all Ask an Expert. Skip to main content. Fulltext search. Order Asc. Moving to NYC after college? Here's how to do it Brick Underground's guide to co-living spaces in NYC: How to tell the communal disruptors apart The 7 best ways to find a short-term rental while you renovate your NYC apartment NYC apartment leases with major concessions are coming up for renewal.
Here's how to negotiate 5 things you should know about renting month to month in NYC. Be sure to prep your finances first 10 steps to creating a stellar co-op or condo board application. A guide to using a no-fee renovation loan from a NYC real estate firm How much does moving to the suburbs cost vs. For example if you replace plumbing fixtures, they may require that you replace the shutoff valves and branch piping back to the riser with new copper pipes.
This is common. Every building has different rules for apartment renovations, so you can never know exactly what to expect unless you read the Condo or Co-Op Alteration Agreement. We once worked in a building where the Alteration Agreement came with a page book of building rules, I am not exaggerating. Once the Co-Op board or management company gives their approval to proceed, you can file with the Department of Buildings. Someone from the Board signs the paperwork for the DOB filing , as well as you and the architect.
Be aware that if you make changes after the approval you should submit these changes to the management company, Co-Op board, building architect for review, and file a Post Approval Amendment with DOB. At the completion of the work, the building review architect may come to the job site to do an inspection.
Make sure you always hire licensed and insured professionals, even for small apartment renovations. The contractor should be licensed and insured and have a good reputation.
The architect should be insured and be a Registered Architect with a good reputation. As an architect in NYC we do many renovations but every project is different and has its own challenges.
The renovation process and building rules are complicated and quite involved. In this article, we reviewed some of the basic issues with regards to Co-Op Board Approvals.
This post does not assume to cover every possible issue or condition, but provide a general overview of the topic. If you would like to read more about apartment renovations we have another article you can check out on Apartment Renovations in NYC.
We wish you the best of luck with your apartment renovation. Please leave questions or comments below. If you wish to discuss a specific project you cancontact us directly. We will be happy to hear about your project. Contact Fontan Architecture. Jorge has a background in construction and has been practicing architecture for 15 years where he has designed renovations and new developments of various building types.
Related Posts. How To Design a Modern Bathroom. Search Search for:. Follow Us YouTube. What Is a Masionette Apartment? In a limited equity co-op there are limits to how much you can gain in equity from your shares. Braverman a Manhattan lawyer who specializes in real estate. To do so you will be required to submit a scope of work alteration agreement with additional paperwork.
Videos you watch may be added to the TVs watch history and influence TV recommendations. So before you grab a hammer or call a contractor make sure that renovating your New York city co-op is okay.
Dont underestimate what needs to be done. The hassles of a coop renovation just to sell are just not worth it for a little more profit IMHO. Just get it in decent enough condition to show and list it. This varies from co-op to co-op.
When people do renovations in a co-op it can involve a great deal of inconvenience for other shareholders said Edward T. We bought in for 69K and sold in for K. Co-ops sometimes have extra restrictions on unit renovationalteration. To avoid this cancel and sign in to. You do have to play by house rules if youre in a co-op or condo and the building board is legally authorized to make rules and regulations for loads of things including renovation plans.
Deutsch English. The standard chicken coop is taller than a duck house needs to be because nesting boxes are typically installed off the ground along with a bar for roosting on at night. When you buy a co-op youre purchasing shares in the cooperative.
Read it carefully and hire a lawyer to review it if youre planning renovations.
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