Renovating your condo is everyone’s dream project. But what about the cost. This will be one of the key questions that come to our mind. Many factors like the actual work activities desired, the work quality expectation levels, the actual surface area of the condo, the materials to be used in the construction activity etc has a role in deciding the cost of condo renovation.
The average cost per square foot typically ranges from $100 to $200. It covers the costs of demolition, insulation and wiring, plumbing, heating and cooling systems and every fixture in the kitchens and bathroom. It excludes the cost of appliances. The cost also depends on the cost of materials selected for renovation and standard of work.
If your renovation plan includes structural work like combining apartments or changing the layout, to move the walls, add staircases, or do the electrical rewiring, then the cost will exceed $300.
The renovation cost not only includes the cost per foot but also includes other additional costs. You should also consider these additional costs while doing the renovation.
- Once you decide to renovate your house, you must choose the best design as you cannot do the process frequently. Therefore, you will have to hire a designer/ architect who will charge a fee depending on the services provided and the procedures undertaken.
- Cost of renovating some buildings need permits which can be very high with plumbing permits sometimes going as high as $5,000. Some buildings also require insurance coverage or security deposits to take care of the damage, if any.
- Demolition and preparations like stripping and leveling are also added to the renovation costs.
- You will also have to pay additional overhead costs which are slightly difficult to estimate.
Keep these tips in mind while estimating the renovation costs. Also, comment on other additional costs you have experienced while renovating your house.