How much does it cost to renovate a NYC apartment?
Your home is a place where you relax, it is only natural you would want to remodel or renovate your house to suit your preferences.
You can hire professional help to maximize the potential of every space. More so, renovations increase the value of your house. Whatever option you go for, you must have an apartment renovation budget. This will dictate how much you are willing to spend and its relation to the cost of everything. This way, you pick out services, products, and experts. A budget will help you comprehend the actual prices and the hidden costs.
In New York City, your apartment remodel is priced square per foot. Typically, full-service apartment renovation will be charged approximately $200 to $250 per square foot. This price bracket features the entire home, including dry areas and wet spaces- the dry areas are inclusive of the bedroom, living rooms, and dining room, while wet spaces are kitchen and bath areas. When renovating large structures such as a 3 bedroom apartment or a client pays for full-service apartment renovation, extensive customization, and structural factors will cost over $300.
Gut renovation and non-gut prices
A gut renovation is a project that focuses on visible surfaces. Technically, the interior walls are knocked down completely or stripped to the frames and stud. With a gut, it will tip towards the $200 per square foot range, compared to a renovation done within existing walls. This is the most common method of interior renovation.
A non-gut renovation might involve installing a new bath and kitchen, re-plastering, refinishing flooring, upgrades, and painting. On the other hand, a gut renovation involves heavy-duty work like moving doorways, replacing walls, changing floors, changing the wiring, and installing new piping systems.
In NYC, the apartments differ widely, and each one comes with its challenges. Thus, the per-square-foot is just a basic standard to get you started. The required scope of work is used as the estimating protocol for per square foot prices. It includes
• standard demolition
• plumbing pipes and fittings
• all visible fixtures and materials in baths and kitchens
• framing
• wiring, which is inclusive of switches and outlets
• insulation and drywall
Most individuals in NYC are always looking for space solutions in their tight spaced apartments, all the while trying to accomplish the style. Generally, the most common spaces to be affected are the kitchens and the bathrooms. Most New Yorkers will go for apartment renovation if it saves extra space. Apartment remodel price will range on the kind of changes you want around. Therefore, the more work required, the deeper you dig into your pockets.
There are several types of renovators, and what you want to accomplish determines which kind you are.
Refresher Renovator
You are on a tight fixed budget but want to update how your bathroom or kitchen’s look and feel. You are in no need of custom high-end cabinets or any other functional or structural changes. This will require a time frame of about four months, and it is not necessary to move out. You will require a licensed contractor, but a designer will depend on you. You do not need an engineer or architect. The budget for this renovation should range from $30,000 to $50000. You may or may not require permits. This budget can accomplish a lot of things if you are willing to overlook high-end materials. For a kitchen renovation, this is the most suitable plan. It requires the least expert help, and you can pitch in.
The Standard Renovator
You are looking to redo the kitchen and the bathroom with customized details significantly. You do not want new plumbing or move walls. You will require a general contractor and an architect. Hiring a designer depends on you. You do not have to move out during work phase. This project will require about 4-8 months, and your budget should range from $60,000 to $125,000.
You can maximize a kitchen remodel from this project by adding high-end appliances and custom cabinets, even though this will significantly increase your budget. For such heavy-duty work, you will need city permits. Thus an expediter falls into the equation. Ask your contractor or engineer to recommend one.
Significant Renovator
Your project is a kitchen renovation with custom details such as pantry pull-out. With this budget, you’re also trying a bathroom remodel with floor refinishing. This will require adding central air and changing the plumbing. You will need permits from the department of buildings and perhaps the Landmarks Preservation Commission. This project will require a maximum of 18 months, and your budget should be within $150,000 and $250,000. You will need a designer, architect, contractor, structural engineer, and an expediter. Depending on how you can flex the working budget, you can expand your kitchen remodel into other rooms, such as refinishing the flooring of the living room or adding a few extra shelves.
The Builder
Your project involves renovating completely through structural changes. This means relocating plumbing, creating new entry points, a modern kitchen that is customized. This may include rehabilitating a damaged or neglected home. The project will require a minimum time frame of eighteen months or longer. You will need experts on the job, that is, a general contractor, expediter, structural engineer, architect, and designer. Your budget should be around $250000 going up. This will depend on the type of structure you are dealing with. A studio apartment will cost less than a 3 bedroom apartment.
