Prewar apartments are beautiful: those gorgeous high ceilings, moldings, and herringbone floors make design lovers swoon. But under that vintage charm are always hidden problems, and a lot of renovation issues. If you are planning to breathe new life into an old construction, understanding what you are up against (and what it’ll cost) is crucial before you break ground.
The Beautiful Mess Behind the Walls
Behind the walls of these apartments is a mess of outdated construction and design. Old knob and tube wiring, lead piping, and lath and plaster walls are just opening acts. Many buildings feature outdated heating systems, asbestos-wrapped pipes, and electrical panels that weren’t designed for modern appliances.
The real kicker? Mid-renovation is usually when these problems are discovered, and it’s when a 3-month project easily becomes a 6-month project.
Price Tags That Pack a Punch
Electrical Overhauls
If your apartment has been sitting there for 70 years without a change in wiring, it’s overdue for a change. Each unit will cost about $8,000 to $15,000 for a total upgrade, with bigger units climbing to $25,000.
This amount covers:
- Replacing outdated wiring throughout the apartment
- Installing modern circuit breakers and panels
- Adding sufficient outlets for today’s tech-heavy lifestyle
- Ensuring everything meets current building codes
Plumbing Nightmares
Those quaint cast iron pipes? They are probably rusted and corroded. The average plumbing overhaul will cost $10,000 to $20,000, depending on the size of the apartment. Factor in additional costs if you’re relocating bathrooms or kitchens—moving water lines in concrete floors gets expensive fast.
The Asbestos Factor
With these types of buildings, asbestos is usually in the cover. Getting a pro to take it out will run you around $1,500 to $3,000, and for bigger sections, it may go above $15,000+. It’s illegal to take asbestos out yourself since it requires licensed professionals and special containment procedures.