For some time now I've been writing about the ongoing construction build in virtually every development in the region where there is new construction. This was all based on first hand observation while showing property from south Fort Myers to Naples and sales to buyers I represented.
The new construction was fueled by sales activity and a depletion in standing inventory the developers were holding from the boom cycle. It's all gone.
Return of the spec home, not the crazy days...
Some buyers need to see it, feel it, touch it, buy it. Many people love the idea of a new home but dread the thought of going through the process... all the upgrades and decorator items to pick, all the colors, exterior elevations...etc. With a spec home all the choices are already made by the design professionals and as a rule they don't go "over the top" with upgrades and they don't do wacky color schemes because the property needs to appeal to a broad range of potential buyers. This leaves plenty of room for the new buyer to personalize in many ways.
As usual, the best deals can be had on standing inventory and a spec home well along the construction cycle. Why? The developer wants to chalk up another sale and move on to the next. They would much rather make a fair profit and not have to sit on the investment burning interest dollars and expense dollars waiting for it to sell.
The buyers pictured to the right just closed on their newly completed home two weeks ago. The build cycle was about four months.
If you are thinking about new consturction in southwest Florida from $200,000s to more than $2M from a no frills neighborhood to the most posh country club, from a golf course to private boat docks and gulf access, we have it all in southwest Florida.
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