Here’s how much a gut-renovated living area with custom millwork costs
After living in her Upper West Side co-op for fifteen years, Margaret, a tech executive who is often on the go, realized it was time for an upgrade. Understanding that she envisioned herself in her beloved home for many years to come, Margaret knew that, despite the space seeming "okay" from afar, her apartment needed a facelift. Margaret opted for an entire gut renovation and treated herself to modern, high-end finishes like custom cabinetry.
She contacted Bolster, a New York City company that empowers homeowners to control their major renovation by delivering industry-leading expertise and a radically transparent online platform, to create a new vision for her space. While Bolster gut renovated the entire co-op, today’s focus is on the living area, which is 400 square feet in total. Below are the detailed costs of what it took to re-imagine Margaret’s brand-new space, which is now perfectly architected for entertaining, lounging, tea-sipping, and everything in between. Note that General Conditions Costs include management, labor, profit, overhead, workers comp, and general liability.
Custom Cabinetry and Millwork
Cabinets and shelves galore! The new millwork provided much-needed storage space while elevating the design of the living area for a more sophisticated and modern look.
Materials: $25,000
General Conditions Costs: $10,000
Total Millwork Cost: $35,000Drywall repair and painting
Margaret’s walls were beginning to show their age, so the Bolster team completed the rehabilitation, repair, priming, and painting of her space using Benjamin Moore products throughout.
Materials: $6,000
General Conditions: $2,400
Total Wall Repair and Painting Cost: $8,400Flooring
Margaret wanted to give her flooring a little TLC––the wood was looking a little beat up after fifteen years of wear and tear. The Bolster team sanded, stained, sealed, and finished the original flooring, revealing the wood’s original grandeur.
Materials: $2,500
General Conditions: $1,000
Total Flooring Cost: $3,500Electrical Work
In keeping with electrical code, Margaret’s electrical infrastructure was updated and modernized, and the team installed brand new fixtures throughout the space.
Materials: $5,000
General Conditions: $2,000
Total Electrical Cost: $7,000
Whether you're renovating a two-bedroom prewar co-op or a 4,000-square-foot brownstone, Bolster guarantees a beautifully designed home renovation risk-free and on-budget. "Expect flawless communication, white-glove service, and absolutely no surprise costs," says Bolster's CEO and co-founder Anna Karp. Ready to start your renovation? Learn more >>
Factoring in other costs like site protection and final cleaning, the total cost of Margaret’s updated living area came to $54,850. To uncover the detailed cost of the final project, click here to view the winning bid.
Every year, New Yorkers waste over $700M following the usual renovation process.
Bolster has uncovered the drivers behind these inefficiencies and has developed a proprietary solution that applies to every home renovation project. Bolster is the first company to bring radical transparency, analytics, and accountability to the entire process. They promise that every project is thoughtfully designed and beautifully delivered for a fair price, on time, and on budget. To start your major home renovation project, visit bolster.us.
