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5 years ago

Bring my tools?

5 years ago
Just to explain my approach:
I have lived in several US cities that have gentrified neighborhoods since 1980. Basically, the dynamic in the US was white flight to the suburbs after the 1960’s. This left a great deal of still useable property in core cities essentially undervalued in terms of cost per ft^2. People who liked cities, or did not like suburbs, found attractive opportunities to rehab older properties. Over the decades some pretty good rules of thumb have emerged in how to go about this process.
Obviously MVD and BA have a different history and, in my impression, City centers remain attractive. Still, a slow population growth in these cities tells me that not all properties are fully valued, as is the case, say, in Manhattan or Brooklyn.
Here is a link to a service that does international comparisons of cost factors of construction. This is just a sample of pages, but it shows the level of detail available for each country.
https://www.compassinternational.net/wp-content/uploads/2017/01/Global-Construction-Sample.pdf

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