In this uncertain real estate market, builder Jack Campo is busting down doors to get new business.
The Port Jefferson-based Campo Brothers has been offering to knock down people’s homes and build new ones of 2,400 square feet and up, all for $250,000 and up.
Campo said the company has spent about $25,000 in a months-long ad campaign that also touts homes for sale in its other subdivisions. “If you love where you live, why not have the home of your dreams?” one ad read in a local Suffolk paper.
It’s been a hit, with at least six deals signed so far and about four others in the making, Campo said. “It’s popular because there’s not a lot of land left,” the veteran builder said. One sentiment is common among potential clients, including some who had gone house hunting, he said: “They want stay where they are, but they weren’t satisfied with the house anymore.”
A Mount Sinai homeowner was going to renovate her house and add a second story, the builder said, but then found out it would be cheaper to start anew. She’s signed a contract to pay $277,000 for a two-story, four-bedroom, 2,400-square-foot home with basement, Campo said.
Others want to replace their summer cottages with bigger, modern homes, he said.While raze and build is not new on Long Island, Campo expects more of it as government scoops up properties for open space and developers run out of buildable land. His next frontier will be Nassau, more developed than Suffolk.
“If we do 10 of those a year, that would be a big number,” Campo said.