Today, the luxury real estate market has been experiencing acceleration within the industry. Chris Pollack, Ltd., a high-end real estate development advisory firm believes that this is the luxury real estate industry's recovery from the previous economic shutdown. In fact, the firm has come up with its own list of cost-effective areas that would seem perfect for luxury real estate.
The research included ten of today's most favored summer vacation destinations in the United States. High net costs based on a per square foot basis were compared. After the study was conducted, it was found out that Hawaii tops the list at an amazing $1,300 per square foot. Kiawah Island, on the other hand, is believed to be most cost-effective with under $585 per square foot.
Chris Pollack, Ltd.'s purpose for coming up with this study is to provide today's high-net-worth individuals with a window that can show them approximate costs of building a home in America's most desirable locations.
The President and Founder of this company is Chris Pollack himself. He was hands-on in compiling not only construction costs, but te project's overall costs. This included materials needed for the construction, consultation fees, architectural fees, and even fees necessary for procuring the building permits.
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