Tom Demogenes
Tom and Sue Demogenes
Luxury Waterfront Team
Cape Coral, FL 33914

239-357-3312
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New Homes

New Homes

Is It Worth The Cost Of Building A New Home?
For the past 3 years we have seen our Real Estate market in Cape Coral embark on a rapid and steady upswing. Inventory has decreased and the price gap of a new home vs. resale home is narrowing.
Key Indicators:

  • LOW INVENTORYCape Coral now has only 4 months of existing home inventory. When inventory decreases this drives the price of homes up.
  • REBUILD COST- During the bottom of our market (Dec 2010) the price gap for a new home versus existing homes was 50 to 60%, thus making it financially unfeasible to build a new home. The price differential is now 15 – 20%, making the advantages of a brand new home much more appealing.
  • LOOSER LENDING GUIDELINES- When inventory was high, very few lenders were issuing construction loans, and those lenders who were loaning had very stringent borrowing requirements, i.e. 50% down payment, extremely high FICO score, etc. Now there are numerous lenders willing to provide construction loans with more reasonable requirements and rates
  • INCREASE IN BUILDING PERMITS- Over the past several months Cape Coral had an average 40-45 new construction permits per month. This is a significant surge from the 10-12 permits just a few years ago. We expect the monthly permits to increase steadily until we achieve a well-balanced level, which we believe is around 150 permits per month.

BuilderWhy Should I have Your Team Represent Me When Building A New Home?

Whenever you are considering an expensive real estate transaction you should always consult a knowledgeable/specialized Realtor. We are here to represent you with the same professionalism and expertise as we would in any other waterfront transaction. We will look out for YOUR best interest:

  • Suggest the most desirable waterfront floor plans and amenities preferred in SWFL
  • Recommend upgrades that yield the most aesthetic appeal and highest resale value
  • Oversee building process when/if you are out of area, and send photos as well as comments pertaining to the progress of your new home.

We have devoted extensive time researching the most reputable/reliable builders in our area. As Tom describes it, we have found the best “Cluck for your buck” builders. Every builder has their own unique standard features in a home, and those upgrades for which there is an extra cost. Comparing and keeping up to date on so many builders could be considered a full time job in itself. Our team has a list of top notch builders for every price range.
HOW DO I BEGIN THE PROCESS OF BUILDING A NEW HOME?
Locate a nice lot in a good neighborhood.  Whenever we are searching for a well located, well priced lot we always utilize the Neighborhood Aerial Map (See Below). This map, which is used by only a small percentage of Realtors, enables buyers to quickly and easily determine the best located/priced lots in a specific area.
The lots highlighted in purple below are the lots we consider the best values in these areas

This is a sample map and may not reflect today’s prices
(We will create a specific aerial map for your desired area and price range)


Tom Demogenes | 239-357-3312 | Contact Us 
4100 SW 27th Pl - Cape Coral, FL 33914
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2326 Del Prado Blvd. S., Cape Coral, FL 33990

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