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  • Writer's pictureStreets & Avenues

Combining Two New York City Apartments: Costs & Considerations

Updated: Jun 19, 2023

By: Renovation Marketing May 22, 2023

Are you considering combining two New York City apartments into one living unit? Whether you're making the change for a larger space, or to increase your investment potential, understanding the associated costs is essential. In this blog post, we'll take an in-depth look at the cost of merging two NYC apartments, from design and construction fees to subsequent residence taxes. We’ll also provide useful insights on key considerations and uncover some surprising factors that could affect your final budget. So if you want to discover the full cost of uniting two homes under one roof with peace of mind and confidence, read on!

Overview of what it takes to combine two New York City apartments

Combining two apartments in New York City is a complex process, particularly for those located in bustling Manhattan. High-end renovation is needed to ensure proper planning and construction, making it an expensive venture, most notably due to the high fees throughout the city. From safely combining the utilities between both units, to making sure all fire safety codes are met, there is no shortage of time and money needed for proper combination. In the end, what had once been two separate apartments becomes one larger unit that has enough space to fit even the most ever-growing families.

Discuss the initial costs associated with combining two apartments, such as permits and fees

Changes to your living space in a bustling metropolis like New York City can be tedious and expensive. When considering the initial costs associated with combining two apartments, it is important to have a plan in place before you get started. Construction planning must be done for any major modifications, and permit fees should also be taken into consideration. Hiring a design-build contractor can make this process more efficient and smooth, however keep in mind that there will likely be additional fees associated with their services. Ultimately, by doing your research and staying prepared ahead of time, you can help ensure that combining two apartments runs as smoothly as possible from start to finish.

Outline the various construction methods that can be used for combining two apartments, and their corresponding costs

Design-build contractor services are integral in the process of combining two Manhattan apartments. This type of contractor is often hired due to their expertise in both designing and constructing projects that involve complex structural issues. Design-build contractors specialize in ensuring the efficient, effective, and safe operation of any particular construction or renovation project, typically from start to finish. Due to the potentially extensive nature of combining two NYC apartments, Design-build contractors are usually consulted for their advice on the optimal structure layout for optimized cost savings, as every layout choice affects cost levels. Their services can range from site planning assistance and design coordination to mechanical, electrical, and plumbing services. Design-build contractors also tend to provide transparent evaluations on potential time savings related to their streamlined methods so that you know exactly what your costs and timeline expectations should be.

Consideration of design elements and furnishings when combining two apartments

High-end renovations to seamlessly blend two New York City apartments can be costly, requiring careful consideration of the design elements and furnishings involved. Quality features that match the tone of both apartments should be sought out, while also prioritizing a cohesive look throughout--including in the lighting, flooring, wall treatments, and furniture. To ensure an optimized transition between the two entities, many potential solutions may need to be vetted or a custom solution created. Placement planning is another critical step for successful combinations of two adjacent homes. When properly planned, combining two apartments can result in a comfortable home filled with luxurious amenities that offer several advantages to residents.

Highlight the potential cost savings associated with combining two apartments in comparison to buying a larger unit

Combining two apartments in New York City may seem expensive to some, but it can have significant cost-saving advantages. In many cases, the expense of buying a larger unit, tearing it down and rebuilding a new one is even higher. The total costs associated with renovation, construction, materials and labor can all add up quickly. By combining two existing apartments instead of starting from scratch, you are increasing the value of your home while saving yourself a bundle!

Advice on how to budget for a combination project in New York City

Combining two apartments in New York City can be a difficult and costly endeavor. However, with a little advanced planning you can make the construction financing process easier. Before any construction begins, take a deep dive into your budget to ensure that you know what construction and permit costs are associated with a combination project in New York City. Research the contractors and construction companies that have permits in the city, as this will assist you in finding the right construction services for your project. Lastly, understand that there may be unforeseen costs that arise during the combination process so setting aside additional funds for the unexpected is highly recommended. By arming yourself with all of the information above, you increase your chances of success when combining two apartments in New York City.

In conclusion, combining two apartments in New York City is a great way to gain more space while potentially avoiding the high cost associated with larger units. From permits and fees affecting the overall budget, to construction methods determining the timeline, there are various and important steps to consider when planning a combination project. However, it does not have to be an intimidating undertaking; design elements can bring life and definition to any space as long as one plans strategically. Understanding every element associated with such a project is key for ensuring success and ensuring you stay within your ideal budget. Ultimately, it is quite possible to save money by taking on this type of project - if done correctly. If you would like to learn more about how Streets & Avenues can provide guidance and resources throughout your journey of combining two NYC apartments, be sure to book a free consultation call with us today! We look forward to helping you make your vision come true.



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