What You Should Expect to Pay for an Apartment Renovation in NYC

Before you get too deep into the idea of planning your New York City renovation, take a look at the numbers below.  Having an idea of the general costs will very quickly clarify for you whether or not now is the best time to be taking on a renovation. Here is a projection of what you can expect to pay for a NYC apartment renovation. Plus, 3 quick tips to keep in mind when hiring a contractor.

What You Should Expect to Pay for an Apartment Renovation

 

What You Should Expect to Pay for an Apartment Renovation

Typical Costs for a Residential Renovation in New York City

When it comes to remodeling in NYC, the more you know the better. Knowing how much the average kitchen or bathroom remodel really costs and the top remodeling challenges can mean the difference between success and a big nightmare. Keeping in mind that your particular project will vary and could cost more or less, the ballpark for renovations in New York City, according to Curbed.com, could be “as low as $75/sq ft and balloon up to $500 plus/sq ft with total bills amounting to between $100,000 and $500,000 and up.” Below we break down the costs for kitchen and bathroom renovations.

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Kitchens Renovation Costs

The average cost for a kitchen renovation in NYC is $39, 515. These major renovations typically involve new counters, electrical work, and new appliances.

What do I need to do to prepare for my kitchen renovation?

You can start by getting a good idea for the type of look and style you want for your kitchen. If you don’t know yet, visit our showroom, look at magazines, or watch some home remodeling shows to get design ideas. Then, contact us for a Free Design Consultation with a Remodeling Consultant who will instruct you as to the exact steps you need to take.

Generally speaking, before construction begins, you’ll want to clear out all your personal belongings from the kitchen including any small appliances, art, dishes, and pots and pans. At MyHome, we cover the areas surrounding the work area to protect your furniture from dust with plastic and/or sheets. If your contractor doesn’t do this, you should do it yourself.

What features should I plan to invest the most in for my new kitchen?

From a functional standpoint, cabinetry is probably the most expensive item in the kitchen, mainly because of its sheer volume. However, you can also spend a lot of money on your countertops and flooring, depending on the style and materials you like.

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Bathrooms Renovation Costs

The average cost for a bathroom remodel in NYC is $23,456. Some of the hidden bathroom renovation costs include prep work to protect the floors, building demands, plumbing, permits, and waterproofing.

What do I need to do to prepare for my bathroom renovation?

You can start by getting a good idea for the type of look and style you want for your bathroom. If you don’t know yet, visit our showroom, look at magazines, or watch some home remodeling shows to get design ideas. Then, contact us for a Free Design Consultation with a Remodeling Consultant who will instruct you as to the exact steps you need to take.

Generally speaking, before construction begins, you’ll want to clear out all your personal belongings from the bathroom including towels, toiletries, art, and bathmats. At MyHome, we cover the areas surrounding the work area to protect your furniture from dust with plastic and/or sheets. If your contractor doesn’t do this, you should do it yourself.

What features should I plan to invest the most in for my new bathroom?

Depending on your style and taste, the floor and wall tiles can be the most expensive. Other possibly considerable expenses are the fixtures and shower system.

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3 Important Tips to Keep in Mind When Hiring a Contractor

Now that you know what to expect to pay for an apartment renovation in New York City, here are 3 quick tips to keep in mind when hiring a contractor.

Tip #1: Ask for references

Do your due diligence and research any professional that you’re considering hiring in the remodeling process. Ask for references, take multiple meetings, and make sure that all licenses are valid and proper. The biggest roadblock in a renovation, other than money, is if the professionals that have been hired to do it are less than professional.

Tip #2: A deal is not always a deal

Be aware that a deal is not always a deal. Money pays for expertise and quality. Make sure your contractor carries the appropriate insurance. By law, Home Improvement Contractors must carry liability, disability and worker’s compensation. We carry all of the above with a total coverage of $5 million which is the highest amount required by even the most exclusive Manhattan co-ops. This gives our clients complete peace of mind.

Tip #3: Look closely at contracts and warranties

Always understand the contracts you’re signing with the professionals you hire. Know what you can expect from the work that you are hiring them to do. It is best to have a clear understanding of what you can and cannot expect from your contractor. Do they provide a warranty on labor and materials? We provide all of our clients with a 5-year warranty on all labor. We only deal with manufacturers who provide a warranty on their products as well.

Looking for more tips? Check out this article about Home Remodeling Mistakes: 7 Don’ts from Contractors

Having an idea of the general costs you should be prepared to absorb during your renovation will very quickly clarify for you whether or not now is the best time to be taking on a renovation. We invite you to consider the benefits of our new financing options when you’re ready.

We hope you found this bit of information helpful, inspiring, and motivating toward renovating your kitchen and bathroom.

 

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