Apartment remodeling isn’t always a straightforward process, but if done right, it can be incredibly rewarding. Remodeling in New York City can be particularly complicated (and expensive) because of the involvement of many regulatory bodies, vendors, and constraints in the process. Here’s a list of tips and considerations that will help you remodel your apartment in NYC with ease and within your budget:
Understanding Apartment Remodel Cost In NYC
Before you begin a renovation project in NYC, it is crucial to set expectations about the cost of remodeling an apartment. The price tag depends on the scope of your project and how you implement your plans. However, in general, a high-end remodel in NYC will cost between $350 and $600 per square foot.
The remodel costs also vary by room. For example, if you’re remodeling a bedroom or living room, the average cost is likely to be around $40 to $60 per square foot. On the other hand, it will cost between $500 and $800 per square foot if it is a wet space like the kitchen or the bathroom.
Consider Multiple Rates And Make A Comparison
Before you make your first purchase, it is vital to do your research and speak to experts in apartment remodeling. Ask around, get referrals, and make sure you get the highest quality service at the best rate. If you know anyone in your network who has recently remodeled their apartment, it is wise to contact them for references.
Budget For Permits, Designs, And Other Costs
Depending on the scope of your project, you might need a designer and contractor for the remodeling. Moreover, you might require permits for the remodeling work.
For example, The NYC Department of Buildings requires permits for plumbing and electrical construction work. These costs can add up quite quickly. Electrical permits can cost around $900 whereas a plumbing permit can cost as much as $5,000.
Furthermore, there can also be several unseen costs for remodeling. For instance, labor is a cost that everyone accounts for, but the type of labor needed and their specific cost is a factor that is ignored by many. For example, electricians and carpenters are both considered labor costs, but hiring an electrician costs much more.
The permits coupled with design costs and all the hidden expenses can cost you thousands of dollars. This makes it essential for you to consult professionals who can help you reduce the apartment remodeling costs in NYC.
Pay Attention To Your Kitchen And Bathrooms
The kitchen and bathroom are the areas that affect the apartment’s resale value the most. While these are often the biggest expenses in a remodel, it pays to splurge a little more on them.
A typical kitchen renovation typically involves an upgrade in counters, new appliances, and electrical work. The average cost for a kitchen renovation in NYC is around $50,000, with labor and materials included.
A bathroom remodel involves many small costs that add up quickly. The average cost for a bathroom remodel in NYC is around $30,000, with labor and materials included.
We understand that there are many options to choose from and different ways to go about the remodeling process. If you need any assistance, don’t hesitate to contact us!
