Tips to renovate an NYC apartment on a budget
If you live in New York City and own an apartment you may be looking to renovate it. Renovating your apartment can help the home feel more like you and can help increase the value of your property. There are endless benefits that come with renovating an apartment, however, there are also many challenges. Real estate, especially in New York City, is sure to be a great investment. Investing in residential real estate can help ensure that your investment goes up each and every year that you own the property.
An apartment renovation or an NYC interior renovation may cost more than you expect. If you want to complete your apartment renovation on a budget here are some tips you should follow.
Set A Budget
One of the most important things that every apartment remodel contractor or home renovator knows is that you must create a budget before performing any work. Setting a strict budget before you start anything will give you a realistic idea about how much you can afford and how much you can afford to do. You may notice that your budget only allows for a kitchen renovation and not a full NYC interior renovation. The budget you set is completely up to you so be sure you are comfortable with it before you start.
Hire An Apartment Remodel Contractor
You may decide that you need to hire a contractor to help you with your needs. An apartment renovation is more difficult than a private house renovation because you must move materials through the building, find parking in crowded streets, deal with building management/building architect, and deal with the Department of Building permits. An experienced apartment contractor has likely dealt with these things regularly and understands how to deal with them. They can save you the hassle and frustrations of trying to complete these tasks.
Not only is a contractor good for handling the complicated issues but they are also able to get you a good price on materials and help you get the renovation finished sooner than expected. Before hiring a contractor to be sure to get quotes from a few different companies. You should also seek references so that you have an idea of how they perform.
One of the best ways to perform a renovation on a budget is to find alternative materials. There are many companies make very similar products, with the help of the internet, we can always find similar material for less price. Using alternative materials can help save you a lot of money in the long run.
While it is nice to save money you should always make sure that the materials you are going to buy will match the design and overall style of your new renovation. You do not want to get materials, install them, and then realize that you do not like them.
Do Project Yourself
If you are handy around the house you may choose to do some projects on your own. While it would be very difficult to try and update plumbing or electricity in your apartment you can do some interior renovations on your own. This can save you money and keep you on budget. For example, if you are doing an apartment renovation you may want to paint the apartment yourself.
Protect Your Investment
One of the best ways to renovate a home on a budget is to think about the spaces in the home that can best protect your investment. For many people, the rooms they most look at when they want to purchase a new home are the kitchen and the bathroom. A bathroom remodel is a great way to start an apartment renovation. A bathroom remodel allows you to remove all dated material and start fresh. Implementing a new and fresh design can help increase the value of your home significantly. Sticking to a budget and renovating the rooms that matter most to potential buyers down the road can help increase the value of your home tremendously.
Bundle Projects Together
If you are looking to renovate the entire apartment you can often find companies they may be willing to do all the work for you. If you have the money to pay for all the renovations at once you may be able to bundle projects together to help save you money and keep you on budget.
Renovating an entire apartment is complicated, however, if you are able to demo the entire thing and then renovate it all at once you may be able to save money. Instead of doing floors one year, bathrooms the next year, paint the following year, and so on you can try to do it all at once. This enables you to get trades in together to save both time and money.
Plan For Weather
One of the main issues that could affect your renovation and your budget is the weather. If you are planning a renovation in Winter you may be able to find contractors who need work and are willing to work for cheaper, however, the weather could play a huge role. If the weather is especially bad your renovation may get put on hold. It may be impossible to get materials to your apartment or get workers to your site if the weather is bad.
You should always plan for weather and unexpected issues. These issues can ruin your budget and your timeframe. It is crucial to plan for as many things as you can, but do not get surprised if the unexpected does happen. Leave room in your budget for these unforeseen surprises.