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Matthew Kolk and Sam Gault

M.K. Over the past ten years, there have been three distinctly different periods: 2004 - money flowing, status symbol homes, creating luxurious special purpose spaces; 2008 - the great recession period; and 2013 - the new market. How has the landscape of home design changed during this time? Clients’ choices, expectations, and selection process Chuck Hilton: In 2008 there was the big slow down, in 2009 it was dead, and in 2010 the market bottomed out and started to rebound. New projects at that time were mostly smaller renovation projects. Over the next few years the projects slowly evolved back to more new and larger projects again. Now everyone in the building trades seems to be extremely busy. Neil Hauck: As a whole, the size of most new homes has shrunk over the past ten years. Some of this has been a reaction to what has been a rather long recessionary period … and some of this has to do with an increased interest in “green” or “sustainable” design. People are looking to reduce their “carbon footprint”. I have had fewer new house clients since the bottom dropped out of the financial world in 2008 and more clients who have chosen to stay in their existing homes and remodel them. While people do seem more comfortable investing in their homes than they did five years ago, we are not yet back the 2004 mind set and I am not sure we ever will be. Ross Tiefenthaler: People are looking more at VALUE and are buying/investing more smartly. I see a trend back towards luxury, but clients want to be sure they are getting the best price and that the quality is very high so it will last. Ed Parker: Clients interview everybody. It is a lot more compet-

Ira Grandberg and Foster Lyons

East Coast Home + Design

Ask the Experts May.indd 35


5/7/14 9:18 AM

East Coast Home + Design May 2014  

East Coast Home Publishing

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