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ballparking a figure for a gut renovation

wrkrwood's picture

Hi,

Anyone know of a good way to do a very rough estimate for a gut renovation on a 3 story home of only about 2000 sq/ft total. I know this is super broad queston, but I was wondering if there's a multiple one can use relative to where the work is done to get an estimate. I heard in the nyc area, to do a full gut on a small house like this multiply  at $80/sq ft. 

-WW

42, general answer to (post #206283, reply #1 of 13)

42, general answer to everything.

Yeah, but what is the (post #206283, reply #2 of 13)

Yeah, but what is the question?


Of all the preposterous assumptions of humanity over humanity, nothing exceeds most of the criticisms made on the habits of the poor by the well-housed, well-warmed, and well-fed.  --Herman Melville

A gut and rebuild is going to (post #206283, reply #3 of 13)

A gut and rebuild is going to cost a substantial fraction of the cost of a new structure.

And, since interior finish is a big variable in construction costs, your sq ft figure is going to vary widely depending on sort of details you want.


Of all the preposterous assumptions of humanity over humanity, nothing exceeds most of the criticisms made on the habits of the poor by the well-housed, well-warmed, and well-fed.  --Herman Melville

Thanks for getting back. In (post #206283, reply #4 of 13)

Thanks for getting back.

In New York, the metric for a high end gut reno is 400 sq./ft.

This is not a high end reno, but not a low end either.

Job is 4 floors 500 sq ft each. 

demo/gut existing interiors down to studs

new windows

new electric

new floors

sheetrock, paint, simple trim

make plumbing up to code

roof as is

Again, this is pretty broad I know.
 
ww

Have heard that you need to (post #206283, reply #5 of 13)

Have heard that you need to budget in about $150 per day for parking tickets doing any type of job in NYC.  True??

Keep in mind that 2000 sq ft (post #206283, reply #7 of 13)

Keep in mind that 2000 sq ft spread over four floors is going to be quite a bit more expensive than 2000 sq ft on the ground floor.  Just busting it up into 4 pieces adds to the cost, and the difficulties of hauling materials up and staging the work so that work one place doesn't damage work somewhere else further adds costs.


Of all the preposterous assumptions of humanity over humanity, nothing exceeds most of the criticisms made on the habits of the poor by the well-housed, well-warmed, and well-fed.  --Herman Melville

Substantial fraction, like (post #206283, reply #10 of 13)

Substantial fraction, like 1.2?

Most renovation work costs more per square foot than new construction, except on a large scale.

None of my gut remodels have (post #206283, reply #6 of 13)

None of my gut remodels have ever come in that low and that's in Idaho!  For historic houses in your size range a nice but still middle of the road gut/remodel has been more in the $125/sq ft range - only slightly less ($25 to $50/sq ft) than new construction.

It would be easy to spend twice your $80 in a high cost area like NYC, but if the framing is sound and doesn't need much work (if it's an old house it will need a lot of additional framing to bring it up to code), and your plumbing is in good shape (it won't be), and your foundation is level (ha!),  then if you were really lucky you might to it for $80.

 

Beer was created so carpenters wouldn't rule the world.

Heck, your contingencies (post #206283, reply #9 of 13)

Heck, your contingencies could be $80/ft in NEW YORK..... for instance your ren-o went from 3 floors to 4 floors in a span of a couple of posts. No telling how many more floors you might find before you get started.

Superbroad? (post #206283, reply #11 of 13)

"I know this is super broad queston..."

 

Is a superbroad like politically incorrect version of a supermodel?

get help with the pro's (post #206283, reply #12 of 13)

get help with the pro's

And, as a clue to know who (post #206283, reply #13 of 13)

And, as a clue to know who the "pros" are, keep in mind that pros don't need to spam.


Of all the preposterous assumptions of humanity over humanity, nothing exceeds most of the criticisms made on the habits of the poor by the well-housed, well-warmed, and well-fed.  --Herman Melville