Sweeten on Renovation Costs...

since we always disagree on renovation costs per square foot, I thought it might be fun to start a thread on the recent Sweeten (Internet startup matching renovators with contractors; I've got nothing to do with it) blog post on the subject. Note that these numbers are lower than the numbers often-cited on this board; for one thing, they do not take into account "cost of trouble and carry" which... [more]

since we always disagree on renovation costs per square foot, I thought it might be fun to start a thread on the recent Sweeten (Internet startup matching renovators with contractors; I've got nothing to do with it) blog post on the subject. Note that these numbers are lower than the numbers often-cited on this board; for one thing, they do not take into account "cost of trouble and carry" which some posters would factor in. "Here’s a breakdown of typical starting costs: Full-home renovation in NYC: $100—$200 psf Dry spaces: $30—$50 psf Wet spaces: Baths start at $400 psf; kitchens start at $300 psf Gut remodel with stock materials: $100—$200 psf Non-gut remodel with stock materials: $100 psf Gut remodel with customization: $200—$300 psf Non-gut remodel with customization: $200 psf Structural factors, extensive customization: $300 psf and up Plumbing permits: up to $2,000 and as high as $5,000 Electrical permits: $900 Asbestos inspection: $500—$1,000" https://blog.sweeten.com/renovation-101/reno-101/nyc-home-renovation-cost-per-square-foot/ [less]