• Wappingers Office
    (845) 297 4700
    (845) 297 8178
  • Lagrange Office
    (845) 485 2700
    (845) 485 2703
  • New Paltz Office
    (845) 255 6163
    (845) 255 6757
  • Commercial Real Estate Division
    (845) 297 4700
    (845) 567 8333

Joseph Pettinella's blog

Be In The Know About Buying A New Construction Home

Buying a newly constructed home, either a spec home, a semi-custom new home in a housing development, or designing and building a custom home, there are some things you need to know in order to avoid mishaps and disappointments.

The first thing is to be prepared. You need to determine your budget and secure financing before you even begin house hunting. Get pre-approved by a bank or mortgage lender. Decide how much money you want to invest in a new home. And don't overlook the extras like property taxes, insurance, furniture, window treatments, landscaping costs and maintenance.  With a new home there are more costs after you purchase than when you buy an existing home that may have mature landscaping, window coverings, and other items in the home that you will need.  Get Pre-Approved with a trusted local mortgage loan officer.

If you're considering buying a newly-constructed home, here is some advice to guide you through the process.

Housing Market Update January 2017

2016 was the housing market's best year since the great recession!

Mid-Hudson Valley Housing Market Update

The local Mid-Hudson Valley housing market activity has steadily improved over the past several years, and we finished up 2016 with more sales than we have seen for many years.  Increases in homes sold compared to 2015 were significant in most areas.  Dutchess County sales were up by 23.8%, Orange was up 25.3%, Putnam up 19.1%, Ulster had a 22.9% increase and Westchester a 7% increase.

In the Mid-Hudson Valley the median prices of homes rose at a moderate level compared to last year. Take a look at the chart to see how prices have changed in our area year over year, and how they compare to prices 5 years ago.