In Connecticut, businesses move away from real estate-dependent ventures

TRD New York /
Dec.December 28, 2009 02:31 PM

Where they can, professionals with strong ties to the real estate industry are readjusting their businesses so as not to be taken down by a dearth of home sales. In Connecticut, home inspector Kenny Rhodes started a side business that offers home evaluations for child safety risks, which he said helped make up for the drastic slide in home inspections. Rhodes said he did only a quarter the number of home inspections this year as he is accustomed to doing, and his Peek-A-Boo Babyproofing now makes up 75 percent of his work. Meanwhile, Dina Spaidal, who owns an interior design and staging firm, said the staging portion of her business has dropped off. That might be, in part, because brokers like Phyllis Rose of the Maury Rose Group are rearranging their clients’ existing furniture so that they don’t have to spend the money to rent it. “People still want home staging and people feel that it’s too expensive,” Rose said. “You have to accommodate people because of the economy.” [Greenwich Time]


Related Articles

arrow_forward_ios
Fotis Dulos (AP Images/ Erik Trautmann)

Connecticut developer Fotis Dulos charged with murder

Sherwood Arms Apartments in Stratford and MLK Real Estate Capital Co Founder and Managing Partner Solomon Kinraich

Rentals still rule in Connecticut as multifamily portfolio trades hands

An XpresSpa location in the Philadelphia International Airport

Hot water: Spa executives purposefully undervalued company’s real estate to get rich, suit claims

50 Cent’s Connecticut compound, listed when Lehman Brothers was still in business, finally sells

50 Cent’s Connecticut compound, listed when Lehman Brothers was still in business, finally sells

Greenwich mansion sells for half price, still area’s top sale of the year

Greenwich mansion sells for half price, still area’s top sale of the year

Chicago real estate firm offers Connecticut, Hartford up to $2B for government properties

Chicago real estate firm offers Connecticut, Hartford up to $2B for government properties

Cuomo’s Long Island Sound crossing could cost as much as $55 billion

Cuomo’s Long Island Sound crossing could cost as much as $55 billion

These are the priciest sales on Connecticut’s Gold Coast

These are the priciest sales on Connecticut’s Gold Coast

arrow_forward_ios
Loading...