In NYC real estate, ‘gut renovation’ implies renovation that involves stripping/demolishing the property to its bare bones – down to the framing of the structure – to be built up from scratch.
From pipes and plumbing, to kitchen and bathroom remodeling, a gut renovation considers the building’s current condition, spatial challenges, material quality, and the alteration requirements. Informally, gut renovations are also used to denote renovations where every visible surface is changed in the place. However, a proper gut renovation involves replacing everything except the girders.
A gut renovation gives you the chance to ‘build’ your New York apartment as you want it to be, however, the magnitude of work means it won’t be as budget-friendly as simpler renovations.
An average gut renovation will cost you around $100-$200 per square foot (psf) – varying upon the type of material you’re willing to use. For many people, quality cannot be compromised upon when renovating their apartment – which increases the cost initially, but pays off in the long run.
There are several components of the cost structure. The scope of gut renovating work includes:
The price is significantly affected by the choices you make when choosing items such as tile, flooring, paint, lighting, etc. New York is not particularly famous for being a cheap city to live in, and renovating an apartment in New York costs more than other places in the country.
When gut renovating your apartment, the $100-$200 psf range is likely to get you pre-fabricated stock items, easily available at common retail outlets. Even then, careful supervision and attention to detail are likely to tilt towards the $150+ range.
Tastes and preferences are like fingerprints – everybody has them, and everyone’s unique. If you are looking for your place to reflect your lifestyle, your gut renovation cost jumps right up to the $250-$350 psf range.
The increase in renovation cost will reflect in your home – with room to include details such as customized joints, millwork, and hardware. You can choose to include custom or semi-custom cabinets and more aesthetic countertops for your kitchen, such as Caesarstone.
Paying more than $300 psf is a heavy amount, even in New York City. The workmanship and customization at this level are top-notch, such as detailed lighting and expensive bathroom detailing.
A gut renovation should reflect what homeowners want their homes to look like, without compromising on structural stability and building regulations. A licensed and experienced construction firm will not only ease the burden on your shoulders, but also ensure your home looks exactly the way you want it to.
At Brener Construction Inc., we have experienced professionals who have spent years constructing dream homes for people. Whether it’s gut renovation or basic repairs, Brener’s licensed experts are on to the task with utmost dedication and commitment to turn your apartment into what you would proudly call home.
Our magnificent portfolio is proof of our expertise to execute renovation works easily, adding value to your place. We will not only make your home attractive to live in but also make it lucrative for potential buyers.
Contact us today to schedule a free appointment and allow us to renovate your home to truly reflect your style.