Huge price spreads exist between new, existing condos in SoFla

 

Although brand new construction is more expensive than condos, buyers like the higher ceilings, quality and amenities that the new developments offer, and they are willing to pay more for them.  Would it be a good investment to buy the older units, fix them up and flip/rent?  If the lobby and hallways, etc, do not feel luxurious, we say do not bother as this audience has moved along.

 

Read the entire article at The Real Deal.