New Construction, Now?!?
While there is not a lot of new home construction going on in the Lakes Region of NH, it is nice to see that there are some homes being built despite the depressed housing market that we are currently struggling through. It is even nicer to see that some of the developments are actually moving product!
The busiest new home development right now is the Villas at Paugus Bay off White Oaks Road in Laconia. These are entry level modular homes priced starting in the 160’s and offered with either two or three bedroom floor plans, two baths, stainless steel appliances, a full basement, and a two car garage. There are several plans to choose from and a few upgrades available including granite countertops and hardwood flooring. These homes are great as a primary residence, retirement, or vacation home. It certainly doesn’t feel like we are in a down market when you drive into this development; there’s a lot of activity going on there! Sales have been brisk. One point worth clarifying on this project is that you actually don’t own the land your home sits on, it is a land lease; kind of like a condominium form of ownership. There are minimal HOA fees to cover lawn care and road maintenance so you won’t need to mow your lawn! The project has 24 acres of conservation area, but the homes are a little tight to each other so you will get to know your neighbor quite well. That’s great if you both root for the same ball team and bad if you don’t.
Another great development that has had extremely strong sales this year is at Willow Pond in the Long Bay section of South Down Shores in Laconia. These high quality, stick built, cape style homes are available in either 1,775 square foot or 2,230 square foot versionsstarting at $279,900 for the base model. There is a long list of luxurious upgrades so you can individualize your home just the way you want it. The homes have a bright and open floor plan with cathedral ceilings, first floor master suites and laundry, full basement, and a two car garage. The homes have great curb appeal and the builder has paid a lot of attention to every detail. Sales have been strong over the summer and there are only seven lots remaining. This is the first time single family homes have ever been offered in this price range in Long Bay so the response has been tremendous! And with all of the great amenities provided, why wouldn’t they sell ? Long Bay has 1,500 ft of shorefront, a fantastic lakeside pool, beach, walking trails, clubhouse, tennis courts, and dry berths available at the South Down Boat Club. When you package quality new construction, a great price, and outstanding amenities together you get great results.
This developer also offers the same homes at another development called Nature’s View located off North Street in Laconia. Prices here start a little less at $259,900. You obviously won’t get all the amenities offered in Long Bay, but you will get the same quality home in a great new neighborhood. Homes here have sold very well and there are still plenty of lots available. The builder also offers a ranch style home with a base price of $229,900.
The Villas at Paugus and Willow Pond demonstrate that new homes will sell even in difficult market if the builder provides consumers with a truly great value…