Transforming Apartments and the Custom Conundrum
We’ve looked at pictures of Robert and Rosa Garneau’s NYC transforming apartment in the past, but thanks to this video from Fair Companies, we get to see the apartment come to life. Of particular interest is seeing the movement of the 500 lb sliding wall, the pre-programmed, automated hydraulic table and the amazing amount of storage the apartment contains.
All of the furnishings were custom built for the apartment. Most of it contains storage; many pieces disappear and/or are modular (the video takes you through the whole space).
Customization like this raises an interesting question about these types of transforming spaces: Because all the pieces work in concert with one another, how do people who might want a home like this adapt their existing inventory of furniture to that space? Is that even possible?
Or is it better to start from scratch as the Garneau’s did? If the Garneau’s were able to squeeze approximately 40% more utility from their space because of their furnishings, might the extra investment be worth it?
Let’s take a look. Robert Garneau said he spent about $234K in renovations. NYC real estate costs around $800-$1000/square, so a 40% larger space (i.e. 910 sq ft), would be $208K-$260K more than the Garneau’s place (we know…it’s crazy). At that price it’s about a wash between the additional space and renovation costs. To make a truly fair comparison, we should add additional furnishings for the larger space, renovations and higher upkeep and maintenance costs. Also, consider you could probably go half as elaborate as the Garneau’s and have similar utility. Suddenly the math gets a lot more competitive.
What do you think? Would you be willing to start from scratch to have a small, transforming space that does everything you need? Do you think spaces like these with lots of custom, built-in furnishings could go mainstream? Or do you think they will remain curiosities–homes for eccentrics and architects, but no one else? Let us know in our comments section.