Log In   ·   Become A Member

Investing For Fun And Profit In The Hamptons

  |   1 Comment · Print Article

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

Related Articles:


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


Submit Your Comment

Please note, you are not currently logged in. Your comment will be submitted as a guest.
To submit your comment as a member, please click here.
Your Name:
* Comments will be reviewed and posted in a timely fashion
* All fields are required
What color is the sky?
(For spam prevention, thanks)
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.

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.

Hamptons luxury real estate specialist for 33 years, Andrea Ackerman offers outstanding expertise in the field.
Hamptons luxury real estate specialist for 34 years, Andrea Ackerman offers outstanding expertise in the field. Trusted, experienced and successful, Andrea has solidified herself as the go-to broker of the Hamptons and a wholehearted advocate for her clients. A pioneer in the real estate industry on the East End of Long Island, she is driven by her passion for the business. Andrea is based in the Bridgehampton office of Brown Harris Stevens as a licensed real estate associate broker and consultant. Formerly, a principal partner and Senior Director at Brown Harris Stevens, Andrea now assists in developing their corporate strategy for the Hamptons region, advising other brokers and sales associates, as well as being one of the top producers and listors.

Southrifty Drug 54 Jagger Lane, Southampton Village
Southrifty Drug is a small, neighborhood pharmacy with limited shelf space, and we have to be very selective about which over-the-counter items we carry. As a result you'll find a no nonsense concentration of very effective, high quality and useful products on our shelves. In this new section, we feature a number of these products that we feel are especially worthy of your consideration.

Burner Law Group, P.C.
Burner Law Group, P.C. are full service elder law attorneys concentrating in the areas of Estate Planning, Trust and Estate Administration and Litigation, Special Needs Planning, Guardianship and Elder Law. Offices in East Setauket‚ NY, Westhampton Beach, NY, and New York, NY.

Calissa is Mykonos in the Hamptons.
Our menu focuses on seafood and Greek dishes such as salt baked fish, seafood pasta and Mediterranean mezze. Our wine list has been awarded The Award of Excellence from Wine Spectator and boasts the largest selection of rosé in the Hamptons. The name Calissa is derived from the brightest constellation in the summer sky.Our sister restaurants in New York are Amali and Bar Marseille, opening 2020 in the Rockaways. Calissa offers private dining spaces for groups from 10 to 300 people. To plan your next wedding, corporate event or gathering, please email events@calissahamptons.com. 1020 MONTAUK HIGHWAY, WATER MILL

Suburban Propane in Bridgehampton, New York has been serving proudly supporting our community for 90 years.
Suburban Propane has been serving the energy needs for home owners and business in the Hampton’s for decades. We offer friendly service by local professionals you know and trust, plus the peace of mind that comes from knowing we are among the leaders in the industry for safety.