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cost of a renovation

Started by DavidRH
over 14 years ago
Posts: 4
Member since: Jun 2010
Discussion about
Considering buying an 1800 square foot apartment that needs a complete facelift and 2 new bathrooms and a new kitchen. Can I get away for under $300K?
Response by Nintzk
over 14 years ago
Posts: 96
Member since: Nov 2011

I'm not a contractor, but yes....Every contractor will tell you though that there are too many variables to answer this question. It really depends on how high-end you want to make the apartment. And by "complete facelift" do you mean a gut reno? Or is it really only the two bathroom and new kitchen?

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Response by DavidRH
over 14 years ago
Posts: 4
Member since: Jun 2010

The floors need major sanding, walls need skim coat and paint, and then the bathrooms and kitchen. Old paneling on the walls needs to come out. Low to middle end supplies.

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Response by ethana
over 14 years ago
Posts: 27
Member since: Mar 2012

Is it possible to do this kind of work without a general contractor? Like hiring one person for carpetry, another for tiling, another for painting etc. - or is that generally not allowed in NYC?

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Response by Primer05
over 14 years ago
Posts: 2103
Member since: Jul 2009

David,

For a full gut renovation you can assume:

100 sq ft for low end
200 sq ft for medium
300 sq ft for hi end

This is just a starting point. The finishes have a lot to do with it

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Response by gcondo
over 14 years ago
Posts: 1111
Member since: Feb 2009

so funny.

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Response by 300_mercer
over 14 years ago
Posts: 10723
Member since: Feb 2007

david, main question is whether you are moving anything when you renovate - gas line, location of shower/tub or bathrooms all together, custom closets/doors or high quality standard closets/doors etc. These are expensive.

Otherwise:
Refinishing the floor is $3.5 per sq ft (for 1800, it is really 1300 sq ft floor).
Painting with skim coating can be 15-20K (adding 10-15k for skim coating).
2 bathrooms (1 nice at 50-75k, other at <25K, kitchen can be 50-100k depending on the size).
Add 50k for lighting, moldings, closets, doors (all standard stock items, no custom).

I would say $300k is plenty of money. You also have to be willing to look first at discounted items before you look at the latest and the greatest. Just like if you care about the cost, you do not buy from Bergdorf Goodman at full price but wait for 30-50% off sale (you off course may not get your choice).

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