I think any time you are embarking on renovation ANYWHERE, you need to build in a cushion in terms of what you tell the contractor you can afford. If you tell them $200K, you need to be prepared to spend $300K. This practice is so common that most contractors are probably expecting you to budget well below what you are prepared to pay.
Okay, and yes, Coral Gables is tought, but that's what makes it such a desirable place to live, they don't allow things to be done poorly.
Keyes Real Estate