Meredith, NH | call: 603-677-8420

 

Lakes Region Real Estate News

MLS Property Search

Popular Searches

Like New Laconia Cape with Winnisquam Beach Rights

Saturday, August 6th, 2011

Beautiful Laconia Cape with Winnisquam Beach Rights

163 Sarah Circle, Laconia, NH

MLS 4083030 Offered at $279,900

Everything about this home is great…

Great neighborhood, great curb appeal, great construction, and beach rights to Winnisquam! That’s really great!

This like-new three bedroom cape was built in 2007 and features a large eat-in kitchen/dining area with tile flooring and lots of cabinetry, a first floor master suite, first floor laundry,a great living room with beautiful hardwood floors, and two bedrooms up. A finished two car garage and a full basement provides plenty of storage. Come check this high quality home out today and make it yours. That would be really great…

   
   
   

Follow roysanborn on Twitter

report button

A Visit With Mark Flanders and Company…

Sunday, July 10th, 2011

As part of the Lake Views series of articles, I thought it would be interesting to talk with someone that is responsible for building some of the nicest homes in the Lakes Region. It just so happens that most of these homes have great views of the lake. Mark Flanders, of Flanders and Company in Meredith, was good enough to spend some time talking about his business and business philosophy.

Flanders and Company has been around since 1980. Mark grew up in the business working for his father, Bob, and took over the company in 2001 with a vision of creating a company that focused on building the finest homes in the area. He wanted to create an exceptional experience for his clients, one that would ensure they would call him back if they ever wanted to build another home. He also wanted to make sure that they told all their friends about his company. Imagine that, a business founded on good old fashioned quality workmanship, satisfied customers, and word of mouth advertising!

The first thing that Mark does with potential clients is talk about the construction process and then determines what they are trying to achieve. He wants to make sure he is a good fit for them, that they are looking for a company with integrity, and that they want a high quality product. Mark is well aware that his clients are going to spend a lot of money and he wants to be able to say up front to that they will be happy with the results. If he can’t say that, he doesn’t want them as a customer. Flanders and Company is also a design/build company. Mark can sit and design a home to meet your exact needs and then build it for you, or he will work hand in hand with the architect of your choice.

Mark is probably one of the most tech-savvy builders in the Lakes Region. One of the things that really sets Flanders and Company apart from many others is the web accessible construction management system he uses to keep his clients informed about the status of their build. Most clients like to be involved in the build, but because most of them don’t live here they can’t be here every day and that could cause delays and frustration. Mark explained, “As a builder, I want to make this experience as fun as I can for them and as trouble free as I can so they do want to do it more… build another house, or renovate, and tell their friends. The web based project management portal allows them to come in and see the schedule, so they can see what is going to happen when and to see progress pictures.”

All of the documents associated with the project such the construction agreement, plans, and schedule of values are posted on the website so the client has everything readily accessible. When choices are made that are different than estimated in the construction agreement, the program automatically updates the expense section so the client knows exactly how much the change costs. Any changes, dialog, or communication are documented on the portal so there is never any disagreement about who said what and which changes were made when.

Mark says that at the end of a project a client doesn’t remember what went well; they just remember what went poorly. Two years down the road they might not even remember what they paid. But they will remember if they liked their builder. So the more disagreements (let’s say misunderstandings) you eliminate, the more satisfied the customer will be.

Mark’s clients are “willing to pay a little extra for quality and for piece of mind” knowing that work will be completed on time and on budget. His clients are more about a mindset rather than a dollar amount. And, while high end clients provide the bulk of the business for the company, they also do everything from homes for first time buyers to small additions, decks, and major renovations. No job is too big, or too small.

Mark says he thinks the next big building trend will be focusing on energy efficiency and green buildings. He says that “people sometimes don’t get the correspondence between the fact that generally if you build a house that is more energy efficient and cheaper to run, it is also more comfortable as long as you do it right. You get a tangible benefit of saving money, the intangible benefit of a better, more comfortable house, and the tangible, but hard to measure benefit of better resale.”

Mark hopes that there is an undercurrent of people that are not so focused on the size of their home, but more on the quality of the home and whether the home meets their needs. Some people really need 6,000 square feet because they entertain or they have a lot of family that visit. But he doesn’t want to build 6,000 square feet when the client doesn’t really have the budget and the quality suffers. He would rather design a smaller, high quality home for those same clients that would meet their needs and that would not only have all the features they were looking for but would also be very comfortable.

People will often live in a house for years before they realize that they have rooms that they never use and wish they didn’t have to heat. But it can be tough to tell new clients that when they walk through the door. Unfortunately, building a home is not like buying a car. He says if you make a mistake when you buy a car it is not a disaster as you can usually trade it or sell it even if it is at a small lose. It is much harder to deal with and lot more costly when you make a mistake on a house.

Mark believes that the next statistic that needs to go on the MLS is the HERS (Home Energy Rating System) score of the house for sale. It just so happens that there is a spot to denote the HERS score on the MLS, but I have yet to see anyone plug a number in there. Just as buyers often compare tax bills on similar homes and often buy the home with the lesser tax, they would likely opt for a home that has half the heating cost of the other if all other factors were the same. There are lots of different green home designations and different levels of achievement within those designations such as Energy Star, LEED Gold, Silver, and Platinum, or National Green Building Standard Gold, Silver or Emerald, but the HERS score is the number that would tell the buyer exactly how efficient the home is.

What does he feel his company does that is better than anyone else? Well, right after building some of the finest homes in the area, it would be providing a great home building experience to his clients through superb communication provided by the on-line project management system. Delivering on time, on budget, and with no surprises ensures that Flanders and Company will have many happy clients (and friends) talking about his company for years to come.

Mark can be reached at 603-279-4254 and the office is located at 169 Daniel Webster Highway, Suite 10, Meredith NH. Drop in and say “Hi”.

Follow roysanborn on Twitter

report button

Winnipesaukee and Winnisquam February 2011 Sales Report

Friday, March 11th, 2011

February was a pretty good month for waterfront home sales on Lake Winnipesaukee with six propertiessold at an average price of $467,667. The monthly sales average was low because there were no million dollar sales last month. Last February there were only three sales on the lake, and two of the three sales were over the $1 million mark so the average was considerably higher at $1.248 million.

Not surprisingly, the least expensive waterfront that sold last month was an island property and it was located at 291 Cow Island in Tuftonboro. This home was a built in 1980 and it has 1,424 square feet of living space, three bedrooms, and a bath. The home has some upgrades and some work yet to be finished. The 4.17 acre lot is very private and has a newer three bedroom septic, dock, and 104 feet of frontage. This property was Fannie Mae owned and was originally offered at $250,900, reduced to $179,900, and then sold for $180,000. It was on the market only for about three months. The current tax assessment is $364,600, so I am sure the new owner is quite happy with his purchase.

Over at 3 Stonedam Island Road in Meredith, a property that was originally listed way back in April of 2007 for $1.49 million finally attracted a buyer. Unfortunately, the buyer came far too late to help the owner because he didn’t own it any more…the bank did. At the time the property was listed back in 2007 it assessed for $946,700. The home was then relisted in 2008 for an even higher t price tag of $1.649 million and then again for $1.399 million. The home is a 2,842 square foot contemporary built in 1974 and has three bedrooms, three baths, large family room with brick fireplace, and a huge master suite. The home sits on a .17 acre point of land with 180 degree views and 145 feet of shoreline. The home was foreclosed on and listed at an even $1 million with subsequent price reductions that brought it down to $629,900. It finally sold for $595,000 which is 62% of the current tax assessment is $960,200.

The largest sale for the month was at 9 Worcester Island Road in Wolfeboro. This 1969 vintage home has 2,374 square feet of living space with four bedrooms, two baths, an open floor plan, two fireplaces, finished lower level with guest quarters, a screened porch, and a large deck to sit on and gaze out at the lake . The home sits on a level .81 acre lot with 150’ of shorefront, permanent dock, and a sandy beach. It sounds pretty perfect to me. This home was originally listed at $1.09 million, was reduced to $899,000, and then sold for an even $800,000 which is 85% o the current tax assessment of $944,700. This property was on the market for 553 days.

There was only one sale on Winnisquam last month, which is one more than last February. That sale was a 3,341 square foot cape located at 70 Weed Road in Meredith. This well maintained home was constructed in 1988 and has three bedrooms, four baths, a first floor master suite, lower level family room, a deck, and patio. The beautifully landscaped .33 acre lot offers long views of Winnisquam, a perched beach, a dock, and 100 feet of shoreline. This property was originally listed back in July of 2008 for $827,000, relisted in February of 2010 for $719,000, and then reduced to $679,000 enticing a buyer to do a deal at $624,000. This property sold at about 12% higher than the assessed value of $555,300.

So all in all, February was a pretty good month for waterfront sales. And there were some bargains, or they were at least perceived to be, by the buyers. But when someone buys a property for one half of the assessed value is it really a steal or is the tax assessment way too high? When someone pays more than assessed value (as is often the case with waterfront property) did he pay too much? That is hard to answer because every property is unique and the market is forever moving. Sellers (and owners that aren’t selling) are always unhappy when their properties are assessed for more than they can sell it for and others are equally unhappy when they are assessed lower than what they have invested in the property. All I can tell you for sure is that a property is worth exactly what someone will pay for it and that can be more, or less, than the tax assessment. That kind of sums up Real Estate 101…

Follow roysanborn on Twitter

Lake Winnisquam Water Access Cottage

Saturday, April 17th, 2010

This Winnisquam water-access cottage will get you on the lake this summer at an affordable price!

The property features a large living area with wood burning fireplace, nice kitchen, two bedrooms, and a large full bath and laundry.

The home sits on level .31 acre corner lot and is just a short stroll to the beautiful association beach and docks. There is also a 20′ x 24′ garage to keep your water toys or snowmobile in. Enjoy all that Winnisquam has to offer without paying high waterfront taxes.

Small, friendly association of 17 property owners. Yearly dues usually run under $100 per year for maintenance of the beach. Docks will take up to a 20 foot boat. 

MLS #2830171            

135 Dr. True Rd, Sanbornton, NH          

Offered at $210,000 

Follow roysanborn on Twitter

Lake Winnipesaukee and Winnisquam Waterfront Report – January, 2010

Thursday, February 18th, 2010

It is to be expected that showings and sales on waterfront properties in the Lakes Region of NH would be slower in the winter months than in the summer. We always see tire kickers, dreamers, and wanna-be’s in the summer months but we also get most of the buyers in the warmer months. But, the buyers that are out scouting and viewing homes during the winter are probably a little more serious. They are the ones that would like to buy now and be into their waterfront retreat by ice out so they can be there to enjoy the entire boating season. That would definitely be my plan!

In January 2010 there were six properties on Winnipesaukee that changed hands at an average sales price of $1.45 million. That may not seem like a lot, but in January 2009 there was only one sale for $700,000, in Jan. 2008 only four at an (more…)

Winnipesaukee Waterfront Cottage

Friday, August 14th, 2009

 Waterfront cottage                                                                   

The Winnipesaukee Waterfront Cottage.

Every real estate agent invariably gets a call this time of year from someone looking for their little piece of the Lakes Region of New Hampshire.  It goes something like:

Caller: “Hello, I’m looking for a waterfront cottage on Lake Winnipesaukee, do you have anything available?”

Agent: “Sure, there are lots of properties on the lake right now. It’s a great time to buy! What are you looking for?”

Caller: “Well, we’d like to be on right on the lake with a beach, a dock, at least a couple of bedrooms, preferably three, and some privacy. We don’t want to be real close to another house. And condition doesn’t matter so much. We can fix it up.”

Agent: “That’s nice. What were you thinking that you might be willing to spend?”

Caller: “Oh, I don’t know. Probably $100,000 to $150,000″

Agent: “Groan, Uh, Ma’am, I’m sorry you are not going to find anything on Winni for that kind of money. Generally speaking, you’re probably going to have to spend $400,000 to $500,000 for a  little camp on a small lot. You probably will have to look on some of the smaller lakes and then you are still not likely to find much, if anything, in that price range.”

Caller: “You’re kidding. All we want is a little cottage. Nothing much. We can fix it up. What about just a piece of waterfront land?”Waterfront cottage

Agent: “Ma’am, I’m sorry, but you can’t even buy a waterfront lot for that kind of money. Let me see what I can find you on another lake….”

Unfortunately, many buyers don’t know how expensive that little cottage on the big lake, or any lake, is these days. The average asking price on the lake right now is $1,897,188 with a median price of $1,324,450. The average sales price for a Winni waterfront (including island properties) for the 1st half of 2009 was $838,858. That’s a long way from $150K! On Winnipesaukee, the least expensive, mainland waterfront is at 128 Mount Major Highway in Alton at $249,000. It is a 2 bedroom seasonal cottage on the opposite side of the road with a 1 bedroom seasonal cottage on the lake. It has 121′ for frontage but you are sandwiched between Rt. 11 and the lake. The next one up the price line is another seasonal, 1930′s vintage, 2 bedroom cottage with 50′ of waterfront on 12 Haven Lane in Alton for $344,900.

The least expensive waterfront on Lake Winnisquam at this point is at 907 Laconia Road in Tilton. This 5 room, 3 bedroom cottage was built in 1948, has 100′ of waterfront,  is billed as needing some TLC and is offered “as is” at $299,000.  Next up is a rehabbed 3 bedroom property built in 1960 at 38 Eastman Shore in Laconia with 80′ of shorefront for $334,900. The average asking price for Winnisquam waterfront homes is currently $656,126 and the average sales price for the 1st half of ’09 was $341,250. Over on Waukewan, the least expensive waterfront is at 25 Chapman Point in New Hampton for $469,000. It is a 5 room, 2 bedroom cottage built in 1965 and sits on a .25 acre lot with 100′ of frontage.  But you can find some less expensive cottages on some smaller lakes. For $199,900 you can get the 1 bedroom cottage at 3 Cove Lane in New Hampton on Lake Winona. It sits on .1 acres with 45 ft of frontage. On Locke Lake in Barnstead there is a 3 bedroom cottage at 276 Varney Rd offered at $214,900.

The point is that the dream, perhaps the myth, of owning a little cottage on the water for cheap money on the bigger lakes has evaporated over time and the inexpensive ones on the smaller lakes generally aren’t much to brag about. Prices may drop a little more during this difficult market period, but the days of a $150,000 waterfront get-a-way are sadly long gone…

Caller: “Well, if you come across a deal on a waterfront in our price range could you give me a call?”

Agent: “Sure thing, Ma’am, will do…”

Web Design and Hosting © 2007 Union Street Media