The New Hamptons: Smaller Homes? / by peter podlas

According to a recent article in Newsday, the Hamptons real estate market is changing.  Buyers are now seeking homes that are more affordable within the price range of $1 million to $4 million.  Real estate brokers agree that homes priced under $1 million dollars are in high demand.

Why? It is believed that due to uncertainty on Wall Street and the still struggling economy, buyers are being more conservative.

Purchasing a smaller home doesn't mean you have to sacrifice the luxuries a larger home can offer.  It can allow the buyer to settle into a home and renovate in the future.  We at Peter Podlas Architect have see this type of remodeling in recent years.

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