3 ms·
If you glanced upon my other comment in this thread, construction sticker shock got me too. My 2200 sf brownstone is now on the market because I couldn't affor
by mancerayder 7y ago
If you glanced upon my other comment in this thread, construction sticker shock got me too. My 2200 sf brownstone is now on the market because I couldn't afford renovation. Not building up or out (which I absolutely can add 1500 sf), but interior renovations would cost about 350K including permits, architect, etc. and so forth.
It's simply not worth it, but it would be if I had family, friends or better, staff, to handle doing a renovation more cheaply.
I feel terrible about selling but it's the best medium term business and quality of life decision. To respond to your comment, it's a mix of
construction boom (NYC)
min wage increase (good but should be mentioned)
Trump tarrifs on steel and timber
stricter oversight by current administration due to high profile accidents
complicated bureaucracy