Jackson Heights Life

Get Connected => Real Estate & Home Improvement => Topic started by: badperson on November 03, 2014, 09:17:59 AM

Title: noob Q re: bathroom reno values
Post by: badperson on November 03, 2014, 09:17:59 AM

Hi,
if your apt is worth 100k, and you do a 10k reno, and in typical real estate terms you get 100% of that back, does that mean your apt is now worth 110k (break even) or 120k (add 10k value)?

Also, for a bathroom in a JH studio, is 8 or 9k realistic?
bp

Title: Re: noob Q re: bathroom reno values
Post by: lalochezia on November 03, 2014, 12:30:57 PM

Define "renovation". Board required replacement Plumbing  costs in older prewar coop building alone can cost 6-7k before you pay a contractor or buy materials.
Budget 20-30k for a complete bathroom reno if down to the studs.

Title: Re: noob Q re: bathroom reno values
Post by: badperson on November 15, 2014, 08:38:44 PM

new tub, new tiles/floor, fixtures and paint. Not moving plumbing around or anything particularly severe.