Open Houses at 11 Redding Lane Moultonborough - 1:00-5:00 PM Saturday and Sunday - April 27th and April 28th.
Please call me at 603-707-7575 when you are 5 minutes away so that I meet you at the gate.
Since the pandemic, cost of land in our beautiful Lakes Region rose sharply, sold quickly, and became scarce. Non-waterfront esidential lots, in towns such as Gilford, doubled in one year. Even some Winnipesaukee multi-million dollar homes doubled in selling price in one year.
Waterfront owners and second home owners began spending much more of their year in our area. The need for climate controlled space that was an extension of their home for luxury collectibles, boat paraphernalia, race cars, RV's and the like became necessary.
Here’s the thought process some Lakes Region home owners went through deciding whether to buy or build.
First their requirements for the space:
Many of the buyers have homes within 3 miles of Winni Toy Box, right on the water in Moultonborough, so they were looking for buildable space that Shoreland development restrictions prevent on existing parcels.
These were common requirements:
10 minutes or less from their home
Interior uses:
Storage for car
General storage
Mezzanine – office, entertainment, etc.
Building the space
Initially many thought they should build so they looked at land parcels in Moultonborough within the distance required.
Location – They did find locations suitable to build. The price for property was at minimum somewhere in $150,000 range. Several were tear downs.
Site prep cost whether empty lot or tear was in the $40,000 range
Design, permitting and architecture cost in the range of $35,000.
Finding a General Contractor they'd have confidence in meant a nine months to a year before they could start. That means a 18-24 month wait until it was built.
Construction cost looked like $200,000 – 250,000 for 1,000 SF.
Then they asked themselves how much of their time would have to be committed over the 18–24 month time frame. They estimated 300-400 hours. A decent amount of time to commit.
Overall, somewhere in the $450,000+ range, with extensive work, and 18+ months off. And then there’s the consideration of resale. They believed an association of owners at a centralized commercial location, directly abutting residential properties, would command a higher resale. So they looked at Toy Box.
Toy Box:
Experience building this type of facility – 3rd Toy Box of steadily increasing quality, not including the Laconia Municipal Airport Hangars, which this builder also built.
Quality. They already knew the quality from looking at other Toy Box developments by this builder.
Ease of maintenance.
Small Community of 13 units.
Very low Moultonborough taxes.
High efficiency heating and cooling.
Floor – set up for stacked car storage.
Move in ready.
Security:
Gate, Cameras, American Alarm
Personal considerations: They like being in a community.
In the words of one buyer client, who enjoyed watching the entire building process, Toy Box is "Above Expectations." At Toy Box, the joy the owners exude is apparent whenever you visit Moultonborough Toy Box! Check out the Moultonborough Toy Box Listing Details Page.
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