Archive for January, 2011
I always know that I am dealing with a renovation rookie when immediately after briefly describing their project they want to know the cost.
As a basic ballpark, the minimum cost of a respectable New York City renovation is about $250 per square foot, but unless you are doing a gut renovation, the cost cannot be accurately predicted this way. And even then, the cost of renovation work varies dramatically based on a seemingly infinite number of variables.
While the size of the area of work is an important consideration, it is far from the only thing that affects the price. For an early indication of project cost I always take the following into consideration:
This is an old joke: A plumber is hired to do a minor repair for a prominent attorney and after 25 minutes hands the guy a bill for $250.
Furious, the attorney says, “$250 for 25 minutes! I’m a famous trial lawyer and even I don’t get that much!”
“Neither did I,” the plumber says, “when I was a lawyer.”
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