This a common question we get in Port Royal and other Naples luxury real estate communities all the time. Do I buy now a nice new Port Royal home in a buyer's market, which provides me instant gratification and avoid the pitfalls of buying a lot and building. OR do I buy a nice Port Royal lot, which is also currently priced well, and build my custom home to exactly what I want. For Port Royal and other luxury markets like Aqualane Shores, Olde Naples, or anywhere else, it simply depends on what the client wants. Are they willing to be patient and endure the stress of meeting with architects, builders and Naples city officials for permitting? If so, no current home can compete with this owner based on price of land or construction costs. However, waiting 18-24 months and the time and effort involved for your typical Port Royal homeowner can be taxing and not worth it. On the other hand, Port Royal real estate, like all other markets, is currently a buyer's market, so both price and selection are on the buyer's side, so a good deal on a well-built new home is likely. It is the good dilemma affluent home buyers face, and one in Port Royal real estate and elsewhere depends completely on the needs of the client. So whether you are looking in Port Royal, Aqualane Shores, Olde Naples, or elsewhere, consult your real estate agent and consider the factors above when making a decision.
Best Regards,
Brad Johnson
Brad Johnson
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