St. Louis Development Corporation

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Purchasing Property: Renovation Costs

Renovation costs and qualifications:

The cost of renovation for LRA properties is estimated at a minimum of $70 per sq. ft., including "sweat equity", to meet code compliance.

If you are interested in larger properties, we will insist that you provide evidence of a loan and/or bank financing for the amount necessary to complete the renovation of the project.

The criteria for sale of all buildings include the location, the size of the building, the income, resources, rehabilitation and management experience of the purchaser, and the proposed use.

Purchasing Property Home


This Page Last Modified: Monday, 19-Nov-2007 16:42:14 CST
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