Brooklyn Townhouse Renovation

Started by Seb84

almost 11 years ago

Posts: 0

Member since: Mar 2015

Discussion about

Hi everyone! I am bidding on a 3,200 sqft 2-family townhouse in Bedford Stuyvesant. Like many properties in this area, the house needs a complete renovation. I have a budget of $400k which I know is in the very low end for Brooklyn. Obviously, I am not aiming for a high end renovation, but my goals are: - make the house move-in ready for 2 families - save as much original features as possible - make sure the bones and structure are done properly (e.g. electric, plumbing, roof, beams etc.) Is it feasible or completely delusional??? How long would it take? Thanks in advance for your help!

Response by EspressoRoyale

almost 11 years ago

Posts: 8

Member since: Oct 2011

You are right that this is a very tight budget in the world of full gut renovations. If you focus the dollars on kitchens, bathrooms, and targetted electrical and hvac improvements you may be able to pull it off. I'd suggest moving away from the full gut concept and approaching it more as strategic interventions to stay within budget. A more reasonable, albeit modest, budget for a full gut would be in the $200psf range.

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Response by dan@digsrealtynyc.com

almost 11 years ago

Posts: 114

Member since: May 2012

My sister (who is an architect) recently purchased a 2-family townhouse in Bed-Stuy and is going through the exact same thing right now trying to squeeze an ambitious renovation into a relatively modest budget. I'd be happy to put you guys in touch if you want to get some advice. Email me at dan@digsrealtynyc.com

Brooklyn Townhouse Renovation

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