Every renovation comes with its own costs and logistical challenges. In 2025, whether you are upgrading a co-op, personalizing a condo, or working within rental restrictions, understanding the cost landscape helps you budget smartly and avoid nasty surprises. Here is a dive into what you can expect to spend across different property types.
Co-op Renovations: Navigate the Board and Your Budget
Before you even pick up a paintbrush, co-op renovation requires complete and thorough board approval, insurance documentation, and strict working hours.
Kitchen Overhaul: $30,000–$75,000 A kitchen renovation with new cabinets, a new countertop, and appliances costs about $25,000. However, it takes even longer and costs up to $75,000 if you want custom cabinetry and high-end finishes.
Bathroom Refresh: $25,000–$40,000 Bathroom renovations start around $15,000 for cosmetic updates like new tiles, fixtures, and vanities. Complete gut renovations with layout changes push costs toward $50,000.
Flooring and Painting
Hardwood flooring installation averages $8–$15 per square foot, while full apartment painting typically costs $3,000–$6,000, depending on your square footage and wall conditions.
Pro Tip: Co-op boards often mandate specific contractors or insurance requirements, which can add 10–15% to your baseline costs.
Condo Renovations: More Freedom, More Possibilities
Condo owners enjoy greater flexibility than co-op residents, though you’ll still need to work within building guidelines.
- Open Floor Plan Creation: $15,000–$40,000 for knocking down non-load-bearing walls and reconfiguring layouts
- Master Bathroom Luxury Upgrade: $25,000–$50,000 with heated floors, frameless glass showers, and premium materials
- Built-in Storage Solutions: $5,000–$15,000 for custom closets and shelving systems
Electrical and Plumbing Updates: Budget $5,000–$12,000 for rewiring or upgrading your electrical panel, and $3,000–$8,000 for plumbing modifications. These hidden costs add up quickly but are essential for modernization.
The average condo renovation in NYC runs $150–$400 per square foot, meaning a complete 800-square-foot renovation could cost $20,000–$320,000.