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For the uninitiated -it costs a lot to build or remodel a building or house. so here’s a Reality Check, an actual sampling of construction costs between 2014 and 2022.  So for those trying to project “square foot” costs-be careful.  For average residential construction in Lower Westchester, we’re using $375-400/sf,  with higher end about $500/sf.

We have updated this blog-post in light of the substantial cost increases during the past year. (2022) We’ve been quite surprised by the bids received during the past year, many coming in 15%, and more,  above forecasts. Is it the material cost increases due to the supply chain hiccups caused by the pandemic? Labor shortages?  Computer chip shortages? To some degree.  Is there some profiteering based on demand? To some degree.  Are there some old-fashioned market factors -such as low interest rates, (now on the rise as we write June ’22), remodeling frenzy due to remote work demands? To some degree.  So when you add up all the partial factors,  you have a major spike unlike any I have experienced in a 3-year period.

But we do have some hacks you should know about…https://seconarchitect.com/whats-this-construction-project-going-to-cost/

or

https://seconarchitect.com/thumbnail-construction-budgeting/

Comparing and predicting costs for construction is difficult because there are so many variables. But here is a snapshot of some of  our recent projects:

Pool-Guest House / 2500 sf , 50 x 15 pool, patios / Katonah NY $550,000. (2018)

Residential 2 story 900 sf addition /  Rye, NY $310,000  (2017)

New 4000 sf waterfront house / Greenwich, Ct  $1.900,000 (2021)

Basement remodel 721 sf / Rye,  NY  $190,000 (2022)

Residential 2400 sf full house gut / Scarsdale NY $440,000 (2018)

35′ Free form Pool and jacuzzi $140,000 and 500 sf Pool House -Garage $280,000 / Pelham NY 

Restore 12 Story Facade / NYC / $275,000 (2017)

Remodel Master Bedroom Suite / Rye NY: $85,000  (2018)

Medical offices / 2300 sf / Scarsdale, NY: $325,000 (2017)

Scarsdale Pediatrics_Reception2

Single family residential house /1100 sf expansion & 2400 sf remodel / Rye, NY : $470,000 (2019)

Facade restoration / 6 story 50 unit multi family / Mt. Vernon, NY: $140,000  (2018)

Apartment building / remodel entrance & stair & lobby: $95,000 

1 BR apartment gut remodeling / 730 sf /Bronxville, NY: $140,000 (2020)

2100 sf addition /Rye NY  $750,000 (2022)

Full gut renovation / 3200 sf / Old Farm House, Katonah NY $480,000  (2019)

6′  high retaining walls & masonry stairs reconstruction/600 sf / Scarsdale, NY: $135,000 (2018)

4 multi family bldgs-23 units total / New York, NY: $6,800,000 (2018)

Landscape improvements for 1.8 acre parcel / Somers NY:  patios, driveway, drainage, entrance gates, planting : $70,000  (2019)

Wood deck / 420 sf / Scarsdale,  NY : $25,000  (2019)

Floating 10 x 10′ Dock with 80′ long elevated pier, Greenwich Ct $101,000

Masonry patio,  BBQ, outdoor fireplace / 600 sf / Rye, NY:  $45,000  (2020)

Rye NY- Backyard Sanctuary
Rye NY Backyard Sanctuary

3000 sf house remodel / 800 sf addition/ Stamford, Ct :  $520,000  (2016)

Rebuild 2 masonry apartment building entrances,  4 new paths / Eastchester, NY : $65,000 (2018)

New 600 sf deck , BBQ , trellis / Rye NY $ 80,000

20 small wood porch and stair replacements /White Plains NY :  $320,000 (2020)

3000 sf commercial building Elmsford, NY: $840,000 (2021)

With more than 400 projects under our belt, we have a pretty good sense of what things cost. Give us a call and let’s discuss your ideas-914 980 5532.

Article by Steven Secon