Building Boom in Full Stride

home on left is only the frame of a new home and the home on the right is one that is finished and ready to move in.

If anyone says that they predicted our current real estate market correctly two years ago when Covid was spreading faster than a forest fire, we’d love to meet them. If we can go back to April/May of 2020 and be objective, we must be able to recall our country’s state, rightfully? Everything was closed, and scientists were scrambling to understand this virus. Our red-hot economy was tumbling, and nobody had any conclusive answers on the pandemic.

As people began leaving significant cities in droves, the burbs became hot hot hot – with many Baby Boomers deciding to take advantage of the prices increases and retire a bit early. This created a significant trickle-down effect on real estate in Coastal North Carolina. We were already experiencing a voracious retirement market here, but our inventory of new and resale homes was depleted in no time at all.

Carolina Plantations opened in March of 2007, and for years Doug has been touting that probably 60-70% of our client’s “build” their dream home down here. Why, you ask? Because our clients have the time and want their homes to build to their specifications, not someone else. However, when the pandemic struck, and home building prices shot through the roof (get it?), we figured that home building would slow down. Au contraire, it didn’t.

Even with the building costs up 20-30%, give or take, people are still opting to build as much today as they were two years ago. What is driving this is the lack of inventory of resale and new spec homes on the market. What we do have, though, is a supply of homesites that are just sitting there waiting for our clients to come along and place a home on them. Mind you, some of the communities are void of new or resale homesites while other communities are flush.

Let Us Help You

The team at Carolina Plantations has been working hand in hand with a myriad of builders in Coastal North Carolina for 15 years. We know where the homesites are and which builders might be the best to help you build your dream retirement home. Contact us today, and let’s get this party started!

Call us at 910-755-7557 or send an email over to Doug at Doug@carolinaplantations.com. We have long-standing relationships with the following leading builders in Coastal North Carolina. Don’t get outbid on a home or ten, BUILD your retirement home!!

Different builders in the area

Finding You a Solution

Many moons ago, Doug coined “The Martini Theory.” It’s a simple analogy for a place to retire:

  1. Top of Glass: Find the right AREA.
  2. Middle of Glass: Find the right COMMUNITY.
  3. Bottom of Glass or Well Soaked Olive: Find your DREAM HOME.

Tens of thousands of people have been introduced to this catchy analysis, and one thing that was always a given about the theory was finding your DREAM HOME. If you found the right area and community, one of the professional Brokers at Carolina Plantations would always find you a home.

That is not as quickly said as done today, but approximately 70% of our clients built a new home in years past. Why? Because after living in homes where there was no pantry, the laundry room was in the basement, the rooms were choppy, and the bathrooms & closets were minuscule. Therefore, the building has been the overwhelming choice of people migrating to Coastal NC for nearly three decades.

Two homes, one home on left in the process of being built with a construction worker and home on the right is gray with being brand new

A lot has changed in our landscape today with regards to building:

  • Most of our large developers have sold out their inventory of homesites.
  • Building costs have skyrocketed, mainly in part to supply issues and Covid.
  • Trained labor is limited in our area, so builders can only build “X” number of homes a year.

St. James Plantation, one of the oldest gated communities laden with amenities, has SOLD OUT of its inventory of over 6,000 homesites. Only resale homes or homesites remain. At Brunswick Forest, there is just a tiny handful of homesites remaining, but new homes are popping up. Compass Pointe is expecting a new crop of homesites within the next few months, but it has been slim pickings there since last summer. And at River Bluffs, they too have new homesites coming down the road but not anytime soon.

The number of inquiries at Carolina Plantations continues to set annual records, as many people have been itching to sell their homes up north in the congested and colder climates and move to the sunny and warm coast of North Carolina. We are fighting a daily supply and demand situation as we’ve never seen before, yet the fantastic team at Carolina Plantations keeps finding solutions.

Our company sales are almost equal yearly versus the 2021 year to date; however, our pending sales are nearly 40% more. This is almost inexplicable, ladies & gentlemen, for our top developers are virtual without new products to sell. So, just how are we keeping pace with last year?

Expanding our Search Criteria

Instead of limiting oneself to just one town or one or two communities, our Brokers are as well versed as any local real estate firm within a 50-mile radius. This is very beneficial to our clients because we are not limited by town borders or only a small handful of beautiful communities.

map showing of coastal brunswick county nc showing new communities

We Work with Local Builders Extensively

Even though building material costs have gone up significantly across the country, building a new home in Coastal NC is still a bargain compared to where most clients live. With homesite inventory dwindling, builders are being more creative and finding new/er communities to put up spec homes, for if they don’t have land to build on, they will go out of business. And for 15 years, no real estate firm has guided more people through the building process with our local builders than the team at Carolina Plantations.

Increased Listings and Teamwork

In addition to our monthly Carolina Dreamin’ eNewsletter, each of our Brokers sends out a quarterly newsletter. This helps us stay in contact with our potential Buyers and previous Buyers, who often sell their homes, condos, and homesites. Possibly knowing about inventory coming on the market provides us with a valuable “heads up,” so to speak.

We probably have over 50 people in the queue to purchase. We have seen a nice increase in inventory in specific areas or markets recently, making solutions possible again. And as we all know, life and real estate are cyclical, so be sure to have the best trained and most responsive real estate Broker fighting for you, for if you don’t, you will receive rejection after rejection – and that isn’t fun, is it?

Choose Your Neighbors

As we cruise through life, most adults accumulate an inner circle of friends and family. We know that this is hard to believe for some of you, but on occasion, the wife’s inner circle doesn’t always coincide with her husband’s. Wait, how is that even possible?

two couples sharing fun outdoors in their neighborhood

When and if you decide to leave the tundra of New England or the overcrowded and expensive suburbs of cities like Baltimore, Philadelphia, NYC, Boston, DC, etc. You can choose some of your future neighbors. How about that?

First, to properly engage in this conversation, we think we all should have a common platform of understanding on levels of friendship. We’d like to provide you with an example. Sally and Bob live in New Jersey, and Bob’s best friend Jeff & his wife, Sarah, live just down the street. For years, Sally has placated Bob and agreed to socialize on many occasions with this couple; however, Sally is not a fan of Jeff and cannot wait to move somewhere warm and sunny sans Jeff.

Therefore, let’s have a little fun and see if we can determine a rating system for friends and family members that you both can agree on (and please keep in mind that this works for single people).

BFF

For a couple to be given the prestigious BFF classification (this is Best Friend/Family Forever), both the wife and the husband must be classified as BFFs. This probably narrows the playing field considerably as most couples probably have only 1-3 BFFs in their lives. These are couples you have vacationed with before, supported during a crisis, dined with often, etc.

GF

Good Friends are people you currently see less often than BFFs, which could be due to geographic constrictions, jobs, or other restrictions. Many couples have considerable people that fall into the GF category, be it from work, the neighborhood, church, college, golf, tennis, etc.

F

Each of you has accumulated lists of friends over the years. You probably only see them occasionally, either by running into them at the store or large functions.

A

From time to time, Acquaintances could be synonymous with Annoying, for we all have a category of people that you try to avoid in life. This could be from people you work with to those you went to school with and knowledge of them but don’t hang out with often.

OK, so back to Sally and Bob, the couple from Jersey who has decided to retire to Coastal North Carolina. Sally has two BFFs, Barbara and Lisa. Barb is married to Kevin, and Lisa is single. Bob likes all three of them and has no trouble if any or all of them move to Coastal NC. On the other hand, Bob’s best buddy (BFF) is Kevin, who unfortunately annoys the ever-living doo-doo out of Sally. In essence, they are NOT welcome to move to Coastal NC, but if they must, it will NOT be in the same community as Sally and Bob – not if Sally has anything to do about it.

Two different families enjoying time together

Sally and Bob also each have one brother, and because they are family, they both agree that they would be fine if either brother or their respective wives moved to Coastal NC. Oh, and Bob’s mother, Ruth is still alive and living in an assisted living facility; however, she is not welcome to move in with Bob and Sally. However, it is possible that Ruth could move into an assisted living facility in Wilmington to be closer to family.

So, if you are thinking of moving or you’re finding the perfect place to retire to, keep in mind that you have a lot of options with who your future neighbors will be. We at Carolina Plantations are ready to assist you in your search for your dream retirement home today!

The Symbolism of Christmas Trees & Wreathes

Wow – having been immersed with Christmas wreathes and Christmas trees for many, many decades, Doug ashamedly really never knew what either of them represented. He feels so, so inadequate.

At the beginning of the 16th century, the Germans were the first to bring evergreens into their homes during the season of Christmas, as they were very plentiful in northern and eastern Europe. Evergreens, which survived harsh winters, were known as a symbol for strength and resilience plus, were looked upon as a symbol of hope.

Soon the trees were trimmed so as to have three distinct corners, which represented the holy trinity – the Father, Son and Holy Ghost. The tree trimming was also essential to many homeowners as their homes were rather modest in size.

In European tradition, nothing was wasted for in those days, the remaining tree limbs were woven into a circle, or later to be known as a wreath. Forming a circle symbolized eternal life, which analogy is often related to our round wedding rings. In a way though, we guess there is some irony here as we tend to live in a throwaway culture, yet the wreath and its humble beginnings began by not throwing Evergreen limbs away.

So, the next time that you see a Christmas wreath or Christmas tree, don’t just think of them as front door decorations and a place to hide gifts under! If you’re still looking for your dream home here on the coast of North Carolina, we at Carolina Plantations are here to help you find it!

The Martini Theory Part 3: Your Dream Home

When the team at Carolina Plantations first explains the Martini Theory to people, we know there is often a gasp or two when we describe the third and last piece of the search. After you find the Area that meets your lifestyle requirements and a Community that matches your interests, the easiest part of your search is finding that well-soaked olive or your Dream Home! (and, now gasp!)

We cannot begin to tell you how many people invert their search requirements and wind up unhappy until they undo the damage. If you think your search is about a beautiful home, the chances are strong that you will not find happiness. Let Doug put it to you this way: If he gave you the perfect Dream Home in the world that you simply adored, but you didn’t like your community, and there was nothing outside the gate for 45 miles, would you ultimately be happy?

We are the only real estate company in the world that makes your search a cerebral search. Houses can be filled with emotion. However, introducing logic to give serious consideration to the Area and Community forces you to focus on what makes retirement successful.

In coastal North Carolina, approximately 70% of our clients build their Dream Home. Why? Well, for several reasons, with the first being that time is generally on your side. The bulk of our clients find the Area and Community they want to retire to a year or more before retiring. They purchase a homesite and then spend the next year or so working on floorplans with builders, as time is on their side. Secondly, many people we work with have dreamed about the perfect home for decades, and resales are often someone else’s dream, not theirs.

The market here for new homes and resale homes are both strong, as neither option is perfect for everyone. Building a home is not only time consuming, but there is a lot of time required on both part of the Buyers with regards to making selections, doing walkthrough inspections, etc. And with the real estate market hot right now throughout a good portion of the states, some people just want to move once – which also tends to favor the resale market.

The opportunity though to sit down with a professional interior designer in a showroom full of beautiful granite samples, 30+ cabinet options, almost unlimited hardwood floors/tile/carpet samples, along with rooms full of lighting, plumbing fixtures, appliances, interior, and exterior paint colors and more can be rather exhilarating, can’t it?

Also, most builders will allow you to lengthen or widen a floorplan, bump out a room, add on a screened porch or 3rd bay in the garage, etc. So, if you are thinking of looking for a place to retire, please keep in mind that your Dream Home is the easiest part of your search, for it’s not already built. Instead, we will find someone to build it for you, just the way you want it! Contact one of our outstanding agents here at Carolina Plantations today to get your search started today!

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