Renovation or Rebuild on a Fort Lauderdale Waterfront Property
Many isles properties come to market with a livable house on a lot whose value sits in the water behind it. The choice between renovating and rebuilding turns on substantial improvement rules, which require full compliance with current flood elevation standards once renovation costs pass a set percentage of the building's assessed value. On a house that sits low, crossing that line can cost more than a new foundation.
The comparison needs real numbers. Cannatelli Builders prices both paths during pre-construction, so owners can weigh a heavy renovation against a ground up build with actual costs and schedules attached. Cannatelli Builders works as a builder and developer across South Florida, and that perspective matters here, since a bespoke residence on a prime canal lot is as much a land decision as a design one. For most parcels a waterfront home builder in Fort Lauderdale looks at, the answer becomes obvious once the elevation is priced.