By Serj Markarian, Licensed Real Estate Salesperson and Manhattan Market Expert

When it comes to home renovations, there's no specific time that's better than another—at least for New Yorkers. Renovations happen year-round, as costs and scheduling in NYC aren't impacted by seasonality the way they often are in the suburbs. That said, I like to cover this topic at least once a year as a helpful refresher for anyone planning or in the midst of renovations.

For some, home renovation projects can be enjoyable, while others may find them overwhelming. Before diving in, it’s essential to avoid common and costly renovation mistakes. Real Simple magazine highlights several frequent missteps and how to steer clear of them, such as underestimating the project’s scope and cost, failing to review homeowner’s insurance coverage, and neglecting permits and inspections.

Kitchens and bathrooms tend to bring the most value to a home, which is why they’re often the focus of renovations. For this reason, homeowners typically spend more on these spaces for higher-quality products. I frequently share Architectural Digest’s list of common kitchen remodel mistakes, curated from professional designers, with clients preparing for a kitchen renovation. For those tackling bathroom remodels, Martha Stewart compiled a list of mistakes to avoid, saving you time, money, and frustration.

If this is your first renovation, I highly recommend reading through this guide in the Washington Post, prepared by contractors, architects, and other pros, outlining eight crucial factors to consider before getting started. Timing is key—your contractor should provide a projected timeline for the renovation, detailing the duration and key milestones.

Time frames will vary based on the scope of the renovation and the size of your home. This how-to guide offers a timeline of the different construction stages, along with helpful tips for managing the project from start to finish.

I always advise my clients that home renovations can pay off when done correctly, which is possible with thorough research and preparation. I also like to remind people about the Brown Harris Stevens Curate program, which helps sellers defer renovation and staging expenses until after the sale.

Please feel free to reach out with any questions!

For questions on the Manhattan real estate market, connect with Serj Markarian here.