Interested in renovating your pre-war apartment, outdated condo or old brownstone in Manhattan, but wondering what it will take to bring your interior up-to-date and up-to-code? MTK Contracting has everything covered, from the studs and electrical wires all the way through to a high quality design that reflects the way you truly live.
What is a Gut Renovation?
A gut renovation is more than decor. A gut reno takes a space down to the structural frame, allowing for changes to the layout by removing or adding walls and even raising ceilings. A gut renovation rebuilds the interior while keeping the load-bearing walls and roof intact, allowing for space-changing design.
With a gut renovation, you not only update your interiors, you can make major changes, including to the layout. Rooms aren’t large enough? Then walls can come down. Poor layout? Rework the space to accommodate the way you live.
Depending on the age of the building, a full gut also allows for older electrical wiring, plumbing and HVAC to be removed and updated with more energy-efficient and code-compliant options. Any unseen problems hidden inside of walls are also revealed and can be addressed, including dry rot or termites, to allow for permanent fixes before interior design begins.
MTK Contracting has more than a decade of experience, as well as the best in-house construction team and designers, to complete your project on time and on budget.
Key Cost Components of a Gut Renovation
While a full gut renovation in Manhattan can range from $300 to $500 a square foot, it often runs higher than $600 to $800 for a complete luxury refresh, especially when it comes to structural changes.
There are a lot of components that go into a gut renovation which can impact the cost, from the building’s location, to the size of the space and age, as well as the scope of the upgrades or changes being made.
Demolition and Reconfiguration
The key cost components for a full gut renovation include the cost of demolition; structural repairs or improvements, including beams to open up spaces; and new infrastructure, including electrical, plumbing and mechanical or HVAC, to bring everything up to code while making energy efficient upgrades.
Demolishing concrete or steel is more expensive than demolishing wood framing. In NYC, the cost of demolition alone can run between $100 and $300 a square foot with the exact cost depending on the complexity of the project and any unforeseen problems.
Remediation or Other Issues
The discovery of mold, asbestos, dry rot or termite damage, can also add to the cost of a gut reno. Exposing these problems early allows for them to be corrected before they get worse and before new interior finishes like drywall, paneling, flooring, tile, cabinetry and fixtures are installed.
Electrical
While electrical rewiring in Manhattan can run between $2 and $17 a square foot, the cost of HVAC will depend on the equipment and whether there is existing ducting in the floors and ceilings.
Finishes, Appliances, and Materials
And finally, high-end interior finishes complete the cost components and the project. Those finishes will vary in price, depending on the materials you choose. Same with any other materials or appliances. If you decide on a luxury finish, expect items to cost more, in addition to shipping or import fees.
Cost Ranges for Gut Renovations in Manhattan
While gut renovations can range in cost from $250 to $800 a square foot in Manhattan, high-end luxury finishes and custom work can exceed the higher end.
If you are considering a full gut renovation for your apartment or condo in Manhattan, consider the age of your space, the layout and any potential problems that may be lurking within your walls. While existing problems will need to be mitigated, maintaining the existing layout will lower the cost.
For comparison, a non-gut renovation in Manhattan, will typically cost between $100 and $200 a square foot. The cost goes up to $300 a square foot with a basic gut renovation and standard finishes. Larger changes and luxury materials can send costs above $800 a square foot.
Making the investment to take your Manhattan space down to the studs with a gut renovation, especially in an older apartment or brownstone, will increase your property value. Your renovated space will be code-compliant and energy-efficient with a quality, updated design.
MTK Contracting provides free consultations and quotes to help you understand the costs involved for your unique space and to help you navigate all of the possibilities.
Challenges Unique to NYC Renovations
Pre-war buildings and 19th century brownstones account for more than half of the buildings in New York City. Any spaces that have remained untouched over the years, will require more significant upgrades to become code-compliant in terms of structure, electrical, plumbing and HVAC.
Steel or wood frame buildings present their own challenges. Asbestos mitigation may also be necessary as all materials in older spaces should be tested at the start of the project.
While city permitting will be required for each facet of the renovation, condo associations or homeowner association rules will also come into play. And many apartments or buildings with historical landmark status will require approvals throughout the process from the Landmarks Preservation Commission.
MTK Contracting, NYC’s remodeling and renovation expert, offers full-service general contracting services to help you navigate the permitting and approval process before bringing the structure of your space back to life with flawless craftsmanship and luxury decor.
Why Hire a Luxury Renovation Contractor?
A luxury renovation contractor, like MTK Contracting, will transform your home with the quality and craftsmanship that will stand the test of time. They specialize in gut renovations to provide full customization of your floorplan, in addition to lighting and electrical, allowing your home to offer any feature found in a new-build.
Quality, high-end materials, including natural stone, detailed millwork, custom cabinetry and designer fixtures personalized to your tastes, will finish your home, making it truly unique.
MTK’s design team will guide you through the process from start to finish to create luxurious living spaces, while handling all of the details, from permit filings and building board approvals to install, paint and cleanup.
MTK’s Luxury Remodeling Experience in NYC
MTK Contracting is New York City’s premier full-service design-build general contractor, owned and run by women. Licensed and insured, we pride ourselves on clear communication and exceptional service for our clients throughout the tri-state area and Manhattan.
If you’re considering a gut renovation, leave your space to us as we take it from architectural design to permitting, from pre-construction junk removal to construction, all the way to interior decor to reveal the kitchen of your dreams, spa-like bathroom retreat, great space for your family or even a fantasy room for the kids.
Contact MTK Contracting today for a free consultation and quote to find out how we can help bring your vision to life.
