Some dollars and cents that make a whole lotta sense.

We crunched some numbers to help paint a holistic picture of what it takes, financially, to renovate your home in NYC.

What other homeowners paid with Bolster.png

 

 

What's everyone else been up to?

Here's what other Bolster homeowners are paying per square foot.

 

  • 2% pay less $250 psf
  • 14% pay between $250 and $300 psf
  • 68% pay between $300 and $450 psf
  • 14% pay between $450 and $600 psf
  • 2% pay more than $600 psf

Let's visualize it.

After all, love comes in through the eyes.

$150 psf NYC renovation example.png

 

$150 - $300 psf

The quality of the finish is good (grade A) with good attention to detail but reliant on big-box store sourced cabinetry, MDF etc. 

$250 psf NYC renovation example.png

 

$300 - $450 psf

The quality of finish is high (grade AA) and customized with fine finishes and materials being used that can last years, if not, a lifetime. 

$500 psf NYC renovation example.png

 

$450 - $600 psf

The quality of finish is the highest possible (grade AAA) and labor-intensive, with every surface bespoke, new and beautifully finished.

 

A great way to approach your project at this early stage is to have either a fixed budget with a flexible scope of work or a fixed scope of work with a flexible budget–but not both.
 

 

— David Yum, AIA

 

 

 

A primer on baseline costs

Depending on your project type, Bolster renovations typically begin at the below baseline costs per square foot. We promise not to cut any corners, unless we're talking tile or wood.

 

noun_1088514_0A2E5B.png

New Bathrooms

 

$200 psf

Assumes basic bathroom renovation with no moving of waste or supply lines, light switches or outlets. Includes replacing some electrical and plumbing, some basic carpentry & finishes and basic appliances.

noun_1091344_0A2E5B.png

New Kitchens

 

$400 psf

Assumes basic kitchen renovation with no moving of waste or supply lines, light switches or outlets. Includes replacing some electrical and plumbing, some basic carpentry & finishes and basic appliances.

noun_1088523_0A2E5B.png

Full Renovations

 

$200 psf

Assumes basic kitchen and bathroom renovation with no moving of any waste or supply lines, light switches or outlets. Also includes replacing some electrical and plumbing, some basic carpentry & finishes.

noun_1069358_0A2E5B.png

Gut Renovations 

 

$300 psf

Also includes combinations and conversions. Assumes full kitchen and bathroom renovation with new electrical and plumbing, moving a wall, a new HVAC installation, window replacement, carpentry & finishes and new flooring throughout.

 

 

Every project is unique–just like you. ;)

With over 2,000,000 homes in New York City, no two projects are ever the same. Here's a few variables that may affect your budget.

 

noun_1380794_0A2E5B.png

Hiring an architect

If your project requires an architect, expect to pay a minimum of $5,000 and up to 20% of your project's total cost. 

noun_1314198_0A2E5B.png

Walkup vs. elevator

If you live in a walkup without an elevator, your contractor will have to budget for having material and waste carried up and down flights of stairs.

noun_1314211_0A2E5B.png

Staying or going

If you are planning on living in your home during your renovation, your contractor will have to budget for working around you. 

 
noun_1380792_0A2E5B.png

Building rules

If your co-op or condo building restricts working hours or requires additional protections, your contractor will have to budget for these conditions.

noun_1088539_0A2E5B.png

Concrete vs. sheetrock

If your walls are solid concrete rather than sheetrock, gut renovations and electrical work may be more expensive. 

noun_1179019_0A2E5B.png

Moving systems

Expect to pay extra if you have to replace your plumbing, move your waste or supply lines or reposition your electric panel.