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Investing For Fun And Profit In The Hamptons

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The achievement of imagining, envisioning, enhancing, improving, building, and creating breathtaking pool house and backyards comes from a very special partnership CP Complete has with their clients. (Photo: CP Complete, Stacy Wickham Photography)

The high end Hamptons real estate market continues to thrive. For many years, it was normal for houses in our area to increase in value beyond reason. The data backs up the fact that things are quickly returning back to the normal that was never really normal. There were 472 closed home sales in the Hamptons in Q1 2017, an 8 percent increase from the 437 sales in Q1 2016, according to a report from Douglas Elliman Real Estate and Miller Samuel appraisal firm. The median price of first quarter home sales in the Hamptons was up by 11.2 percent, rising from $895,000 in Q1 2016 to $995,000 in the first quarter of this year.

But, the median sales price of a Sagaponack home isn't the data that I rely upon. More often than ever, high end buyers are coming to us to improve their property in significant ways. New home owners and owners of recently built homes are adding pergolas, spas, outdoor kitchens, pool houses, and building gunite pools (or removing existing vinyl or gunite pools to build larger ones). Getting to know our clients help us fulfill our responsibility to deliver excellence. We present many wonderful options and it leads to highly detailed discussions. Not only is it important to learn what the client wants, why they want it, and when they want it; it can also be incredibly important to find out why the upgrade is taking place at that particular time.

Making the ordinary, extra ordinary. (Photo: CP Complete, Stacy Wickham Photography)

Adding to the amenities that you will enjoy at your home is definitely a smart move at the moment. Renovations, restoration, and upgrades are happening now, as some investors have taken profits from the market and reinvested them in the backyard. A shifting of assets, a wise investment, or the practicality of enjoying the passive increase in the value of your Hamptons home is more than a trend. Of course, there are those that simply have the means to enjoy the fruits of their labor without the deep thought of yet another investment. Sometimes, it's just fun to sit out by your new pool, relax under the pergola's ceiling fan on a warm summer night (without figuring out the ROI).

Landscape architects, interior designers, pool builders, and most of us in the luxury services field, are thrilled to have the privilege of doing something special. We have been working all of our lives to master our craft. The great achievement of imagining, envisioning, enhancing, improving, building, and creating breathtaking backyards comes from a very special partnership we have with our clients.

Chris Hall is a partner at CP Complete, a landscape design and construction company. He has been a luxury gunite pool and landscape consultant for over thirty years and shares his observations and advice each month on Hamptons.com. cpcomplete.com

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AquaHabitat from Tualatin says::
One additional thought here. Investing in structure has an instantaneous return, but investing in landscape continues to grow as the vegetation and in our case natural waters mature into something very special.
May 7, 2015 7:01 pm


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Gary R. DePersia, Corcoran Real Estate
With over $2 billion in transactions on the East End and since 1995, Gary DePersia is consistently ranked among the top producers in the Hamptons. A year-on-year member of The Corcoran Group President’s Council, he has qualified as a national list maker since 2007. In 2008 he was Corcoran's top broker on the East End by sales volume and rental units; and ranked as the nation’s 4th top broker. In the 2017 REAL Trends & The Wall Street Journal list of America’s top real estate professionals, he was designated #26 nationally, #4 in the Hamptons and #3 at Corcoran overall by volume with nearly $200 million of transactions for the past year. His office operates with four licensed assistants allowing him to build a business stretching from Southampton to Montauk and Sagaponack to Shelter Island. gdp@corcoran.com

Bridgehampton National Bank
For over 100 years Bridgehampton National Bank has been the East End's hometown bank. Many success stories...one bank, BNB!

Advertise on Hamptons.com - Have your business be seen by over 2 million viewers including NEW searches
Hamptons.com- Our exclusive online magazine has 2.6 million Page Views YTD for 2015. Contact us to join our elite group of clients that benefit from having a presence on the Hamptons award winning publication www.Hamptons.com

Hamptons Carpet One Floor & Home
We pay less,and so do you.With over 1,000 stores in our buying group, we can get the lowest prices from the best flooring manufacturers — and pass the savings on to you.Visit our other locations: Hamptons Carpet One Floor & Home, 675 North Sea Road,Southampton, NY 11968

Southampton Masonry-Visiting the Southampton or the Wainscott locations is an exciting experience.
Southampton Masonry has been serving Long Island's masonry and tile needs since 1975. Delivering quality products from Manhattan to Montauk for over three decades. The company's continued success is due primarily to their number one priority: customer satisfaction, with a promise of prompt and courteous service from the professional, knowledgeable staff. Southampton Masonry has the largest inventory on the east end. As direct importers they can offer a large variety of the finest quality products at the most competitive pricing for both your interior and exterior projects.

Despatch of Southampton
Despatch of Southampton has been moving homes locally on the East End for decades. We operate a well-maintained fleet of vehicles that can accommodate any size move. On a day to day basis we service moves from and to New York City.

RJD Gallery specializes in contemporary art with a focus on Magical, Figurative Realism, Narrative Portraiture and Urban Landscape.
We exhibit representational artists from around the world, who produce fine art of exceptional quality that challenge collectors to contemplate concepts about the artist, themselves, and our human experience. Utilizing timeless techniques in creating their drawings, paintings and sculptures, our artists have developed unique, signature styles that present a current vision of our world.

CP Complete- Landscape Design & Construction
Paul Guillo And Chris Hall Two Of The Most Respected Names In The Community Together, they are partners in CP Complete. They bring their years of experience and integrity to creating and renovating luxury backyards.

CP Complete- Landscape Design & Construction
Paul Guillo And Chris Hall Two Of The Most Respected Names In The Community Together, they are partners in CP Complete. They bring their years of experience and integrity to creating and renovating luxury backyards.