Monday, November 12, 2007

New Construction statistics

New homes are a huge part of the New Canaan real estate market and they hold a great appeal for many buyers because their features are fresh and exciting and the new buyer does not have to do any fix up or remodeling. Of all the 249 homes that are actively on the market for sale today, 26.5% are new construction and 18.7% of all sales this year have been new construction.

However, a buyer might realize a better value if they were to purchase a home that needed some renovation or updating and controlling the project themselves to ultimately attain the house of their dreams. Understanding the scope of the project and gathering accurate information about architects, contractors and materials might be somewhat time consuming, but the result of ending up with a home that you really love at a better value might be worth the effort.

I would be happy to share my insight into homes that have unrealized value and my network of professionals to help you design your perfect home.

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