New Construction Investments in Palm Coast Florida

[Shain Ismailovski]

I bought an empty lot of the land in Florida during the recession for $7000 market value now is around $26,000. I am considering building on the land. Estimated costs to build are around $160k. I want to turn around and sell it once it is done for 190K-200K. Is this reasonable or am I better off selling the empty lot and pocketing the difference? Or possibly even renting?