Top Brokers Share Their Do's and Don'ts of Buying and Selling in the Hamptons

The real estate game is always changing in the Hamptons, but these brokers have their fingers on the pulse and are ready to share their knowledge. If you're thinking of buying or selling in the area soon, you may want to heed their insightful do's and don'ts. 

Do's

  • “Invest in three-bedroom homes that have a pool and are located close to town. They are most likely to increase in value.” —Augusto Bittencourt, Compass

  • “Purchase waterfront properties that come with a dock, especially since it has become more difficult to obtain permits for new docks.” —Tracy Annacone, Town & Country

  • “Buy a fixer-upper in a good location, and you’ll gain instant equity upon renovating it.” —Drew Green, Saunders & Associates

  • “Invest in rental properties in Sag Harbor Village, where homeowners aren’t required to pay permit fees and potential rental-related fines.”—Chris Chapin, Douglas Elliman Real Estate

  • “Rental inventory—which was largely static for two decades—grew 50 percent over the last five years, so update properties and consider renting short-term to stay relevant within the market.” —Ann Marie Horan, Halstead

  • “Look for a house with potential for expansion—a basement with high ceilings that can be turned into a finished lower level, or a garage that can be transformed into additional living space. And if the property doesn’t have a pool, make sure there’s room to add one.” —Romaine Gordon, Saunders & Associates

 

Dont's

 

Categories: Deeds & Don’ts Category, Hamptons, Real Estate, Region, What’s New