Tear Downs - Should You or Shouldn't You?

We come across many tear-downs here in South Florida and many buyers and investors are often confused as to whether or not its worth it to buy the property and build on it. Here is a quick way to tell. The price of the land must be one third the cost of the final sales price of the house you will build. The average price to build is around $200 per square ft. Always keep this in mind when figuring out your budget. There are many opportunities out there with tear-downs during this slow market.

Posted by Joe Santini, P.A. on 04/28/2008 08:54 AM

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investing, buyers, tips, teardowns, building, south florida

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Real Estate Agent: Joe Santini, P.A. (Coldwell Banker)

Joe Santini, P.A.
Boca Raton, FL
More about me…
Coldwell Banker

Office Phone: (800) 337-9070 Ext.: 156
Cell Phone: (561) 400-1855
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