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Jim Signor
Key Largo Realty, Inc.
99550 Overseas Hwy
PO Box: 371214
Key Largo, Florida, 33037
Office: 305-451-2111 ext 301
are fixers a good idea in bad areas | Print |

Are Florida Keys including Key Largo, Tavernier, Islamorada, Marathon, Big Pine Key and Key West fixer uppers a good idea in bad areas?

It depends. Distressed properties or fixer-uppers can be found anywhere, even in wealthier neighborhoods. Such properties are poorly maintained and have a lower market value than other houses in the neighborhood.
Many Florida Keys including Key Largo, Tavernier, Islamorada, Marathon, Big Pine Key and Key West marketvexperts recommend that before you make such an investment, first find the least desirable house in the best neighborhood. Then do the math to see if what it would cost to bring up the value of that property to its full potential market value is within your budget. If you are a novice buyer, it may be wiser to look for properties that only need cosmetic fixes rather than run-down houses that need major structural repairs.

Questions about Florida Keys including Key Largo, Tavernier, Islamorada, Marathon, Big Pine Key and Key West Real Estate?

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Last Updated ( Thursday, 04 September 2008 )
 
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