$4,600,000 Incredible New Price on New Canaan 4 lot Subdivision

This 10.69 acre parcel has been subdivided into 4 separate lots of 2+ acres each. The subdivision was fully approved by the town of New Canaan and is ready for building of 4 luxury homes in New Canaan's newest enclave. Located on Carter Street in New Canaan, this total property combines privacy, nature and a most convenient location. The four lots have been approved for 6 bedroom homes, each with pool sites. All septic, survey and engineering maps are available. Call me for a personal tour.

OPEN HOUSES SUNDAY DECEMBER 7

184 Lukes Wood Road $3,150,000 1-3pm


76 Seminary Street $739,000 1-4pm


36 Hoyt Street $949,900 1-3pm

Home Remodeling Projects Cost vs. Value

Remodeling Magazine in conjunction with the National Association of Realtors has just published their 2008-2009 Cost vs. Value Report which shows that remodeling, especially maintenance related projects and moderately priced upgrades, are providing stable paybacks, even in a slower market.

If you are wondering where your money will be safest during uncertain economic times, the following projects show the greatest return on investment.

Connecticut Region

Attic to Bedroom Midrange Remodel 67.2%
Kitchen Midrange Remodel 82%
Bathroom Upscale Remodel 67%
Basement Midrange Remodel 60%

New England Region

Midrange Deck Addition 76.8%
Midrange Siding 78.8%
Midrange Wood Windows 75%

Future sellers, making home improvements now can head off buyers trying to peck away at the sales price by pointing out imperfections. If some improvements are done, the improvements will help sell the property. However, a weakened economy is likely to slow seller spending on remodeling, at least in the short term and studies predict a 12% decline by second quarter 2009. Yet, despite declines in overall remodeling dollars spent and markets going through adjustments, investing in your own home may still be the wisest move.