I am a Realtor in the Florida Keys and have been right here for 20 years. Solely 5 houses priced beneath $500,000 sold in Outdated City. Up north in America an individual may purchase a very nice house for half one million bucks. In Old Town the home would seemingly need substantial to complete renovation. The average value paid on a per sq. foot was $473.65. Contemplate this – normal contractors usually quote a projected rework or renovation at $300 to $500 per sq. foot. In case you add $300 to the $758 per sq. foot value paid, you end up at over a $1,000 per square foot for a freshly renovated house.These high costs are having a miserable effect on our gross sales. I galls me that sellers demand a lot a fixer. I nonetheless sell them, but I do not like seeing patrons being taken advantage of.
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