New York's Cooperative and Condominium Community

Habitat Magazine Insider Guide

HABITAT

Subscribe for Daily Updates!
plumbing billDec 09, 2023

Thank you all for your input.

Join the Conversation Comments (1)
Project Costs - Kathie1968 Feb 16, 2024

Our 36 unit building is getting roof/facade work done of around $700K.

What’s a reasonable % fee for both the architect and the management company for the project? I’d like to have a ballpark of what’s normal so I can ensure we’re being dealt with fairly. Are there any considerations the board should be aware of going into this project. None of us have experience with this. Thank you.

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (1)
Project Cost - Sandra Maxwell Feb 17, 2024

OMG! 700K is not the last of the bill. We are doing the same thing now, and it's like we are a cash cow for the engineer, and construction company. Every time we get inspected, there is something else they fine, which means a Change of order invoice, and more money. We have an old bldg, and it has been neglected for YEARS! I am not really surprised it need a lot of work. We have 187 units, so our cost are over 1 million. We are a coop, and the cost fall on the SH's. It's rough. If we ever get finished with this project. I hope we won't have to go thru this my stay here. Sorry I wasn't much help, But I feel your pain!

Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation

Introduce yourself to other members of Board Talk! Log in below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Introduce yourself to other members of Board Talk! Login below or register here.
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Ask the Experts

learn more

Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

Source Guide

see the guide

Looking for a vendor?