And what it is I'm not exactly sure....or so goes the song.
During a walk around my neighborhood recently, I noticed that some builders are back! There are two homes; on Birchwood and Washington in Wilmette that are going up. "For Sale" signs adorn the front of each lot.
A few years ago, I would have felt irritated and inconvenienced with the sights and especially noise associated with new construction. Now, I am filled with hope. It is possible that these builders have found a way to venture back into the home building business?
The house on Birchwood has 14 rooms;4 bedrooms; 6 baths. It is brick and stone on a 50 X 177 lot. It's listed for sale at $1,399M and if you buy now, you can select the finishes you like. The house on Washington has 15 rooms; 4 bedrooms; 4.1 baths. It is also listed for $1,399M, with the inducement of buyer choice on the finishes if purchased early enough.
Many builders prefer to select their own finishes. It's just easier and quicker. Often, the buyers may linger over their own personal choices, after all, they will be living with it. But, it often has the effect of slowing down the process of finishing the house on time. Occasionally there will be disagreements on how much the builder should allot for finishes, thus causing tension throughout the remainder of the project. Most builders would rather avoid the potential headaches, and do it themselves. This should be viewed as a concession on the builder's part.
Houses of this magnitude would have been listed for a least, $1.5M and up a few years ago. This too, is a sign of the times. More for you money mixed in with motivated builders......a great combination for a buyer looking to purchase new construction.
If you are interested in more information about these homes, send me an email.
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