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SUMMER IN SOUTHAMPTON VILLAGE, NY!--DO YOU HAVE YOUR 2012 RENTAL YET?

By
Real Estate Agent with Douglas Elliman Real Estate 30HA0800896

 

SUMMER IN SOUTHAMPTON VILLAGE, NY!--DO YOU HAVE YOUR 2012 RENTAL YET?....Some people have already signed leases for theirs!!!

After one of the most peculiar summer rental seasons ever for Southampton Village in New York, this is now the place to look for 2012 summer rentals...at least it appears that way! Tenants are already looking for their summer homes for next summer and AN EXAMPLE OF SOUTHAMPTON VILLAGE,  MODERN STYLESouthampton Village is the place to look! Full season rentals are now the way to go--last year the theme was "short season". The problem with that is the moment you settle in, you have to leave! ...and that is why we are now

THE BIG REASON TO RENT FOR THE SUMMER IN SOUTHAMPTON VILLAGE!

 seeing potential tenants taking the full summer season (Memorial Day to Labor Day) instead of the short term rentals of the last 3 years.

THE EARLY BIRD GETS THE WORM!

If you are looking to rent a modern, sleek new home, look no further than right here in Southampton Village!  Here, the beach, shops and world class restaurants are all within minutes, and you never have to climb into your car!

The beauty of Southampton Village is found in the history not just the perfect landscapes and the architectural dreams in the houses here.

MOP-HEAD HYDRANGEAS ABOUND IN SOUTHAMPTON VILLAGEOne of the reasons that this location is the favorite among New Yorkers is the proximity to the city....even though it feels like a world away, those busy Wall Streeters can make it back to their jobs on Sunday evening in less than 2 hours and that is the key to getting a rental in Southampton Village, New York!

IN THE PAST 3 YEARS, MANY TENANTS CAME TO THE HAMPTONS FOR 2 WEEKS OR A MONTH.......the reason being, the recession took disposable income away from the bonus's that were given out to Wall Street rentors.ENDLESS MANICURED GROUNDS IN THE ESTATE SECTION

 

Typically, a summer rental is done by a family who has a home in New York City. and the summer is the only time they are able to experience a taste of country life---and they go for it in a big way! Usually The wealthy may prefer spending top dollar for a rental for the summer season and not have the obligation of owning another home. They make the weekly trip to their summer rental and enjoy as much time as they can for the 3 months of summer---then leave in September with nothing left to do but take their clothes back to the city.

ATLANTIC OCEAN "BOARD WALK"Rental prices on a 3 month summer rental range from $15,000 to $750,000! A small village bungalow without a pool can be found for around $10,000 to $20,000 for the summer; a 7 bedroom mansion with tennis and a pool on the ocean can be found for $450,000 to $750,000.

Meanwhile, the bulk of the summer rentals that are leased here are between $20,000 and $60,000 for the Memorial Day to Labor Day time period. These homes are owned by people who do not need the use of their homes for a time--Some actually buy homes, decorate them and use them for rental purposes only as they build equiity and sell when they want to retire or move on!

MOST DESIREABLE AMENITIES:

  • LIGHT AND BRIGHT INTERIORS
  • CLEAN, UNCLUTTERED HOUSES
  • BIG, OPEN EAT-IN KITCHEN AND GREAT ROOMCOOPERS BEACH IN SOUTHAMPTON VILLAGE
  • HEATED POOL
  • TENNIS COURT
  • SPA-LIKE BATHROOMS
  • CLOSE PROXIMITY TO RESTAURANTS AND SHOPS
  • OCEAN ACCESS

LARGE, OPEN EAT-IN KITCHENS ARE A FAVORITE AMONG SUMMER TENANTSMany tenants bring their friends with them; extended family members are also welcome guests. The home with the most bedrooms gets top dollar while the most popular rental homes have 3-4 bedrooms. ...ANOTHER EAT-IN KITCHEN

 

 

 

The bigger the kitchen, the faster a home will rent...this is because, like a pool, the kitchen is where most people find themselves during the summer at mealtime. Many kitchens open into a great room which has become the next most popular room in the house.

A great room is now the most recent and most requested of all the details a rental home can offer. This is a space that is designed around family gatherings, movie viewing, game playing and casual dining. Meals that need a lot of space such as a lobster dinner with all the necessary accouterments, have become the orderMEDIA/GREAT ROOM IS ANOTHER CRUCIAL ROOM FOR SUMMER ENJOYMENT of the day and an open kitchen with an enormous table becomes the most prized detail in a summer rental. Because many summer residents love to entertain, the kitchen, great room and dining area become focal points of a summer rental.

AN ENORMOUS TABLE FOR SUMMER DINING IS A MUST

Pools and the surrounding patio or deck is the most important outdoor amenity....that includes enough space around it forA PERFECT SURROUND FOR A 20X40 POOL croquet, Badminton or just for play. The 20'X40' pool is the most popular size and a spa as a part of the pool space is a great addition.

A WATER-SIDE POOL IS RARE TODAY BECAUSE OF WETLAND RESTRICTIONSGunite pools are preferrable to vinyl but now there are more requests for  vinyl versus gunite from families with small children because it is softer on the feet. Gunite has a sandpaper feel to in when you are in the pool for any length of time.

 

 

 

ENTERTAINMENT AROUND THE POOL INCLUDES LUNCHThe most enjoyment a tenant will have, will come from the important pool, big yard and a tennis court if available. Tennis courts require over 7,000 square feet of lawn to fit on a property so it is rare to find a court in the Village here in the Hamptons. The estate section is where most tennis courts are located; this is another reason for the higher rental prices. A tennis court will add an additional $50k to $100k in rental income so many homeowners add one if they have the acreage.A POOL WITH A LARGE DECK IS ESSENTIAL TO A GOOD SUMMER RENTAL 

 

 

 

 

Proximity to the Atlantic Ocean Drives the desire for a rental in Southampton Village; Coopers Beach (voted the #1 beach in America!) Little Plains Beach, Old Town Beach, Flying Point Ocean beach and Mecox Bay access for wind surfing and other water sports.

ATLANTIC OCEAN VIEWSJust recently, as I walked the beach at Little Plains I had several people stop me to ask me where the hotels are. They are looking for ocean beach hotels, much like you would find in Miami! These particular people were all from Europe, on vacation somewhere else on long Island and made a day trip to the Hamptons, thinking they could spend the night at a hotel on the ocean beach---there are none here West of the Shinnecock Canal. There are none East of the Canal until you get to Gurney's Inn which is between East Hampton and the very end of Long Island at Montauk. There are very few hotels/motels here anyway so if that is what you are looking for, you will have to look in Hampton Bays, Westhampton or even further West.

If you have the time and the money, plus a desire to be here in the most popular summer resort in America, then it is time to consider the historical Southampton Villlage as your destination!

You will never forget it!!!

Comments (10)

Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

A most pleasant and inviting outing....saying No to this invitation would be quite hard...good one Paula

Sep 24, 2011 03:30 AM
Robert Hammerstein -
Christie's International Real Estate - Hillsdale, NJ
Bergen County NJ Real Estate

Paula = Southhampton is a beautiful spot. I used to visit there every summer as my grandmother lived in Sag Harbor and we would always come over to visit SouthHampton. A very inviting invite. Beautiful spot your area.

Sep 24, 2011 03:36 AM
Paula Hathaway, REALTOR, LBA
Douglas Elliman Real Estate - Southampton, NY
...A Local Expert in all The Hamptons

Richie: I thought you all would like to see what the summer can be like here in good ole Southampton Village! :)

 

Lisa: It is a treasure here! I have been drawn here for over 30 years and now I live here so I can enjoy it year round!!

Sep 24, 2011 03:50 AM
David Farrell
David V. Farrell Co. - Garden City, NY
Licensed NY State Real Estate Broker

Wow - Paula - what a beautiful Blog.  I was under the imrpression that this past summer turned out to be an above average rental season, and better than expected.  Let's hope next summer is solid.  After reading your blog, at least I know to whom I should send summer renters.

Sep 24, 2011 04:01 AM
Mitchell J Hall
Manhattan, NY
Lic Associate RE Broker - Manhattan & Brooklyn

Paula. Wonderful post. You're so lucky to live and work in one of the most beautiful places in the world. Good point about 2 hours from Southhanpton the city because I think it's almost another hour to East Hampton. The early bird does get the worm. Great advice! 

Must be gorgeous this time of year!

Sep 24, 2011 04:28 AM
Paula Hathaway, REALTOR, LBA
Douglas Elliman Real Estate - Southampton, NY
...A Local Expert in all The Hamptons

David: Thank you! I had a good rental season because I did many rentals late in 2010 for 2011.  But by the end of the day many people rented for 2 weeks or a month only and it turned into a virtual nightmare...short term renters are not happy campers when they have to leave...there were so many legal issues you would not want to know! I had a doctor who rented through me for 2 weeks and when he ended up with allergies, he blamed me and the owner for not making sure there were no fragrances in the house--meanwhile, I had no idea he had allergies!!! Had I been told I could have found him a brand new house to live in where there had never been another human or fragrance. Instead he sued the homeowner for all the rental money ($25,000) and he went after me for my commission--of course he got nothing from me because I did have him sign a NY state disclosure, and I think the other suit is still going on--not settled yet.

Sep 24, 2011 05:06 AM
Paula Hathaway, REALTOR, LBA
Douglas Elliman Real Estate - Southampton, NY
...A Local Expert in all The Hamptons

Mitchell: It is so beautiful out here and I am so lucky to be able to live here! I can remember, as a much younger woman, when I thought about living anyplace other than New York City, I could not imagine where I could live! Now that I live here and have for 18 years, I can not imagine livng anywhere else!!

Sep 24, 2011 05:09 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Paula,  I can see why one would never forget spending any time in Southhampton Village. 

Sep 24, 2011 01:07 PM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Paula, I have never heard of someone suing for their allergies. I am glad you had the disclosure signed.

Sep 30, 2011 12:06 AM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Paula --- great post --- so much valuable information -- you are definitely the go-to person in Southampton Village!

Nov 21, 2011 01:12 PM