Are you dreaming about remodeling your NYC apartment, but you are worried about the cost? Even though you will spend money on home renovations, you shouldn’t overlook the benefits that come from this investment. Not only will you increase the equity that is available when you are ready to sell, but you can’t put a price tag on the improved lifestyle that you will enjoy.
Pricing Out a Home Renovation
The renovation costs vary depending on the size of your home, the type of renovations that are completed, and the luxury finishes that you choose. A few basic projects can go a long way to give your property a face-lift. But, why not undertake major renovations to create the home of your dreams? Hiring the right renovation contractor will make it easy for you to transform your current home into a property that you never want to leave.
When you are comparing the costs of renovation projects, don’t overlook the importance of quality workmanship for your home. Finding the cheapest contractor in New York City might be tempting. But, cutting corners on the installation could result in low quality work. Instead, it is best to choose a renovation contractor that specializes in luxury work, giving you the peace of mind to know that you will receive the best services in the industry.
A Breakdown of Renovation Costs in NYC
Here’s a snapshot of the costs that you can expect if you decide to invest in home renovations:
· Kitchen Renovations: The average bill for kitchen renovations comes in around $40,000. These costs include everything that might be needed in a new kitchen, such as electrical work, new cabinets, counter tops, appliances, plumbing, lighting, and more.
· Bathroom Renovations: Bathrooms are a little cheaper compared to kitchens because they usually have smaller square footage. The average cost for a NYC bathroom renovation is about $23,000. This price range includes everything from waterproofing to plumbing and building permits.
· Flooring Replacement: Flooring prices vary greatly depending on the products that you choose. Carpet prices usually come in around $7 – $12 per square foot, including padding and installation costs. Hardwood flooring can run as high as $30 per square foot if you want the highest quality materials. Tile runs anywhere from $8 to $31 per square foot including installation.
Bathrooms are the most popular room for NYC homeowners to renovate, with kitchens coming in second place. In 92% of the cases, homeowners choose to hire a pro. It makes sense to bring in an experienced team to ensure the quality of the work! If you want to upgrade your home without major work, then you might consider basic renovations with new flooring and fresh paint right now. Then, you can plan for major renovations in the future.
Cost shouldn’t be an issue when it comes to the quality of your property. You deserve to live in a luxurious, comfortable home. If you are considering renovations in Queens, New York, and Brooklyn, then contact us at DCON Renovations. We will schedule a time for a free consultation so that you can get an estimate for your renovations: (718) 628-3428