It’s almost time to ring in the New Year and a new year offers exciting incentives and a fresh start for those anxiously searching for a home. Trying to keep within a budget can be challenging. However, there are great buys available if you’re lucky enough to find them.
Each town offers something unique and it’s important to make sure you select the location that will best suite you and your family. Look at schools, shopping, community leadership and local people in any potential neighborhood. Once you narrow down your choices and make a list of favorites, I suggest scanning the targeted area you like best and make note of the available homes.
Knowing your budget will guide you in the right direction. If your maximum budget is, let’s say, $750,000, homes valued a little higher may still be an option. Remember, there’s always room for negotiation. On the other hand, looking at homes way beyond your means is, realistically, not a smart move. If this is your first home it’s important to see the big picture. A long-term investment on a home that may need a bit of work is well worth the savings if you buy in a great location. You can always remodel that kitchen or bathroom next year, but you can’t move your home from a not-so-great area to a prime setting.
On the East End of Long Island, both the North and South Fork offer a variety of amazing options. It all comes down to where you imagine living—Jamesport, Cutchogue, Mattituck, Southold, Greenport, Quogue, East Quogue, Westhampton Beach, Hampton Bays, Southampton, Water Mill, Bridgehampton, Sag Harbor, East Hampton, Amagansett, Montauk are just a few favorite hot spots.
During my search for homes listed under $1 million, I discovered a number of interesting choices. At the top of my list is a lovely 5-bedroom, 3.5 bath home located in East Quogue. Built in 2003, this “open-concept” layout boasts elegant hardwood floors, a two-car garage, eat-in kitchen with granite counters, formal dining, living and family rooms, a finished basement with cedar closet, natural gas and hot air. The outside offers beautiful landscaping and a luxurious in-ground pool. Asking $999,000. For more information, contact Mariko Pichardo or Leonardo Pichardo, Douglas Elliman, 631-288-6244.
Sunrise to sunset best describes our next property—located south of the highway in Hampton Bays. This bayfront cottage-style home is a two-bedroom, two-bath gem, with hardwood floors, wood burning fireplace, Carrara marble and granite countertops, state-of-the-art appliances, cathedral ceilings plus magnificent water views, beautiful landscaping and private patio. Asking only $799,000. For more information, contact Terry Thompson, Douglas Elliman, 631-204-2734.
Travelling to the North Fork, check out an amazing equestrian investment. Boasting 10.52 acres, nine-stall horse barn with loft, fields, woodlands and a professional riding ring in addition to a completely renovated four-bedroom, 2.5-bath farmhouse, garage/workshop and outbuildings, this property offers endless possibilities. Operate your very own equestrian facility, start up a popular bed & breakfast in wine country, develop a profitable agritourism marketplace or operate a farmstand with fresh eggs, dairy, produce and baked goods. Located conveniently near public transportation, shopping on Love Lane, public parks and the ultimate experience of farm-to-table dining. Asking $999,000. For more information, contact Nicholas Planamento, Town & Country at 631-298-0600, ext. 103 or Joan Bischoff at 631-765-0500, ext. 101.
From a South Fork waterfront cottage to a North Fork equestrian farmhouse, there are affordable investments with profitable futures if you do your homework and invest wisely. Find a realtor you can trust and feel comfortable with—the rest will fall into place. Happy house hunting!