Anyone shopping for a new, quality home in South Florida knows that the price is a major consideration. Finding the right combination of an ideal location, a desirable floor plan and all of the necessary amenities for modern living can lead to sticker shock.
Homebuilder Stuart Hankin of Hankin Homes understands the dilemma buyers are confronted with. That’s why Hankin Homes focuses on providing quality homes at an affordable price.
In 2019, Hankin Homes completed five affordable new home construction projects in South Florida, which were praised by the homes’ buyers for their quality and value.
An Ivy League Approach to Affordable Homebuilding
Stuart Hankin may not have realized it at the time, but his college years during the mid-2000s at Cornell University in Ithaca, N.Y. prepared him well for his role as the head of Hankin Homes.
An operations research and information engineering major who graduated from the Ivy League school in three years, Stuart Hankin learned many of the lessons he applies to homebuilding at Cornell. He says he learned his entrepreneurial spirit from his grandfather, Harry.
Stuart Hankin initially pursued business interests outside real estate, but when he relocated to Florida not long after college, he began to dabble in the profession by purchasing, fixing and reselling (or “flipping”) distressed properties throughout South Florida.
Stuart Hankin’s interest in real estate continued to grow, and in 2016, he began buying both residential and commercial tracts of South Florida land. Stuart Hankin’s vision was to develop the properties in a way that bolstered the communities and improved the quality of life while increasing ownership opportunities for middle- and low-income residents.
At the same time, Stuart Hankin spent three years studying and learning the most efficient methods to build new construction. Hankin learned that he could control costs by carefully sourcing materials and by forging working relationships with a variety of subcontractors.
Stuart Hankin also learned how wasted time is wasted money. He relied on his college training to inform himself about ways to improve efficiencies in his business, ultimately saving money for the buyers of Hankin Homes properties.
Hankin Homes Brings Affordability to South Florida Residential Housing
In 2019, after radically refining the homebuilding process to produce affordable residences to the South Florida residential housing market, the newly-formed Hankin Homes completed its first five homes, including a unique five-bedroom floor plan in Riviera Beach, Fla., intended for extended or multi-generational families living under one roof.
Not only the buyers, but real estate industry peers also raved about the quality of the new homes that Hankins Homes debuted in 2019, especially noting their sustainability and design innovations, which validated Stuart Hankin’s meticulous, informed approach to the homebuilding profession in South Florida as an unmitigated success.
Hankin Homes is just getting started. Stuart Hankin expects more residential home projects to be completed by his company and available for sale in the coming months, with more on the way in 2020.
Always entrepreneurial, Stuart Hankin continues to seek ways to improve housing opportunities in South Florida. He knows that by building innovative, sustainable, future-friendly homes, he can offer quality, affordable products that help home buyers make informed decisions for the most important investment they may ever make.
About Hankin Homes
Located in Palm Beach Gardens, Fla., Hankin Homes is a home builder dedicated to quality, livability, and most of all, affordability. Our mission is to promote homeownership by delivering new construction homes that are designed for multi-generational households. All of our homes are built with concrete block, impact windows, tile flooring, quartz countertops and other materials designed to keep maintenance costs low for the future homeowner.
For more information about Hankin Homes, go to hankinhomes.com.
About Stuart Hankin
Growing up in the Philadelphia suburbs, Stuart Hankin inherited his entrepreneurial spirit from his grandfather, Harry Hankin. After graduation from Cornell University in 2007, Hankin relocated to South Florida.
In 2010, Stuart Hankin began buying and rehabbing distressed properties in Florida. By 2016, the entrepreneur had already made sizable investments in residential and commercial projects, shaping his vision to erect more efficient construction projects.
Stuart Hankin and his wife, Britney, were married in 2014 and their first child was born in 2016. They named the boy after Stuart’s grandfather, Harry.
Stuart Hankin is a real estate investor with phenomenal business vision. He has dedicated his talents to creating affordable and innovative living for urban communities. Much like his uncompromising drive in business, Stuart follows that same tenacity in philanthropy. The entrepreneur actively participates in his local Chabad and volunteers his time as a tutor at the KidsSanctuary program. He has recently contributed athletic shoes to a local high school football team.
Graduating with a Bachelor’s Degree in Operations and Information Engineering from Cornell University in just 3 years, the entrepreneur has since proven his mettle in the corporate world.
How does Stuart Hankin manage to strike that balance between work life and philanthropy? He tells all below!
“Many budding activists believe that volunteerism will create a gaping hole in their careers,” the businessman says. “This is a far cry from the truth. Thanks to the internet, you can find so many ways to do good even with severe constraints on your time. Just filter local volunteer opportunities, and hey, even look for remote options!”
What is a great starting point? Stuart Hankin Hankin Homes says it best.
“Volunteering isn’t done at the eleventh hour. Start by creating a time budget. Figure out how much spare time you have per week so that you can be upfront with your organization of choice. And when you commit to a certain amount of time, you won’t have to be anxious about 5 hours turning into 10.”
Even small efforts go a long way. The Corporation for National Community Service revealed that 25% of Americans devote their time to volunteering. This averages to about 32 hours per person annually, contributing to a whopping $184 billion per year.
The philanthropist has some words of wisdom for those who feel guilty about being too picky with a cause.
“Remember,” Stuart advises, “The dearth of time might make it hard for you to choose an organization that embraces your schedule. Don’t feel compelled to volunteer every week.”
He continues, “There are plenty of places that will be more than happy to have you every month or every quarter. Create a checklist of the skills you have to offer and find causes that will benefit from these the most. Even if the first couple of options aren’t the right match, keep at it!”
Stuart Hankin Hankin Homes urges working professionals to think outside the box.
“Instead of pursuing opportunities that garner a ton of participants, give your time to a neglected cause, short on manpower, that needs your passion to fuel their vision.”
Moreover, the businessman says there are plenty of ways to get creative even with philanthropy. You could volunteer remotely by working with a non-profit to create a great email marketing campaign or you could work with your local crisis center or suicide prevention hotline.
“Volunteering isn’t an extracurricular activity, it is our responsibility as citizens,” Stuart Hankin points out. “And when you make this your way of life, your kids will follow suit.”
More on Stuart Hankin
Growing up in a suburb in Philadelphia, Stuart Hankin inherited his entrepreneurial spirit from his grandfather, Harry Hankin. The businessman started buying and rehabbing distressed properties in Florida in 2010. In 2016, the entrepreneur had already made sizeable investments in residential and commercial projects; shaping his vision to build more efficient constructions.
Stuart and his wife of five years, Britney Linsky, welcomed their first child, Harry, in 2016. For the entrepreneur, there’s no looking back. He continues to challenge the status quo in real estate and has exciting development concepts in the pipeline.
Stuart Hankin is a highly-reputed real estate investor with razor-sharp business acumen. Headlining Hankin Homes, he has quite the list of accomplishments under his belt. In 2010, Stuart began rehabbing distressed properties in South Florida. Just 6 years later, the investor set his sights on residential and commercial land, refining his expertise to give communities sustainable, affordable and modern living.
Today, the property investor has completed his first five affordable housing projects. In a bid to enhance the real estate market, Stuart spends his time developing stunning five-bedroom floor plans for multi-generational families.
Ample Room For The Whole Family
He elaborates, “Many people assume, and quite wrongly so, that downsizing homes are the way of the now. I beg to differ. Larger homes for bigger families are a great cost-cutter. If you have old parents and you’re not ready to move them into an elderly living facility, you can easily accommodate them under the same roof even if you have a brood of your own.”
The major boon is that the kids get to spend more time with their grandparents, and you’re saving on the cost of renting out a separate space for their housing needs.
Unexpected Guests Aren’t An Inconvenience
Stuart Hankin Hankin Homes believes that there is another huge benefit of 5-bedroom homes; guests galore!
“So it’s New Year’s and you have a couple of relatives drop by. Instead of disrupting your family’s sleeping plans to accommodate unexpected visitors, simply turn to all that extra living space.”
An Opportunity to Start a Home Business
In his floor plans, Stuart Hankin considers those who may have a stellar business idea and need that extra square footage for a fully functional home office. His advice? Kiss that commute goodbye!
The businessman points out, “Especially for those professionals that have qualms with renting or leasing an exterior office space, a home office is, frankly, a boon. Having to pay added rent, utilities and other costs for an outside office significantly adds to your monthly expenses. A five-bedroom plan factors in these pitfalls and serves to bridge the gap between convenient living and convenient working.”
Home offices provide immense tax benefits as well. For instance, you can claim a home office deduction for as much as $1,000 for a 200 square-foot space.
Big Houses Have a Great Resale Value
Stuart Hankin Hankin Homes agrees that plenty of buyers are initially deterred by the price tag of a larger home. What the entrepreneur urges them to also consider is that this is a one-time investment that generates an amazing ROI.
“Believe it or not,” Hankin says, “It’s easier to find a buyer for, say, a five-bedroom home than it is for a two-bedroom apartment. With the growing number of families in urban communities, spacious living is in high demand. You won’t have to look too far when searching for a buyer.”
He adds, “Sure, resale value is anybody’s guess. When buying a home, though, consider the future. I know so many people with little clue about how quickly homes depreciate, and before long, they have a dead investment on their hands.”
The real estate developer makes an excellent point. Research has shown that residential real estate depreciates by about 3.64% every year. Of course, there are various things you can do to combat a rapid decline in the resale value, investing in that extra square footage is one of them.
In fact, the value of a larger real estate investment can appreciate over time, creating more equity for the owner. Even if an appraiser isn’t willing to acknowledge its full value, a buyer definitely will.
More on Stuart Hankin
Stuart Hankin Hankin Homes continues to empower homeowners with the right knowledge and tools to invest wisely. Apart from his business pursuits, the investor is actively involved in philanthropic activities; from his local Chabad to the Kids Sanctuary program. Stuart Hankin married Britney Linsky in 2014, and in 2016 they welcomed their first child, Harry Hankin.
Stuart Hankin slows no signs of slowing down. He is eager to invest in sustainable, innovative and future-friendly real estate ideas that positively impact the residential and commercial market as a whole.
Stuart Hankin is a compelling force in the real estate world. Having had a humble start in a suburb outside Philadelphia, the entrepreneur obtained his Bachelor’s Degree in Operations and Information Engineering from Cornell University in just 3 years.
In 2010, the real estate investor started purchasing and flipping distressed properties in South Florida. Fast forward to 2016, Stuart turned his attention to residential and commercial land to uplift communities, improve the quality of life and increase ownership opportunities for financially distressed families.
Stuart’s precociousness and eye for meticulous detail have taken him far in life. Today, the businessman helps renters sublimate their financial burden by turning to homeownership.
Stuart Hankin Hankin Homes believes that homeownership has distinct advantages over renting, specifically when it comes to growing your wealth and creating a stable environment for the family.
Per the businessman, “What renters don’t often consider is that while buying a home is more expensive at the outset, it’s cheaper than renting long term.”
Stuart Hankin adds, “In fact, one of the most pressing benefits is that it helps build equity. So let’s say you pay 20% down on a home that costs $300,000. This means you would still owe $240,000 and your equity would be $60,000. Now let’s say that home appreciates in value. Guess what? Your equity increases even though the amount you owe does not.”
To Stuart, owning your own home isn’t just an exaggerated extension of the American Dream. On the contrary, it helps families set down strong roots in the community and access financial stability.
Statistics released by the National Association of Realtors show that approximately 5% of homeowners relocate. This is nowhere near as alarming as the whopping 26% of renters that also do so within the same time frame.
Stuart Hankin urges renters to think of the little things, “When you set down roots, not only do you enjoy that crucial stability that comes with a home, but you can count on your neighbours for the little things like feeding your cat or picking up your mail when you’re out of town. These are luxuries closed off to renters given their rapid turnover rates.”
The tide is definitely shifting. A report by real estate website Trulia showed that homeownership is 38% cheaper than renting, based on the traditional 20% down payment and 30-year-fixed-rate mortgage. This can be attributed to the skyrocketing rent rates and the low fixed-rate mortgages which are at about 4.5%.
Homeownership has proven to be the most reliable method to increase one’s net worth even when pitted against other tactics like investing wisely and applying business acumen. Research has shown that housing is the largest asset in the average American’s portfolio, accounting for about 67% of all their assets.
Stuart Hankin Hankin Homes swears by these findings. He advocates that this is the surest way to store wealth and build your bottom line down the road.
In 2019, Stuart completed five new construction projects that earned him incredible repute within industry circles. The real estate developer has received tremendous praise from his peers and clients alike for his sustainability and innovation of design.
Aside from his many business accomplishments, Stuart Hankin is a philanthropist at heart. He devotes a large portion of his time to tutoring kids as part of the Kids Sanctuary program and being actively involved in his local Chabad. Stuart lives with his wife of five years, Britney Linsky, and their three-year-old son, Harry, in Palm Beach Gardens, Florida.
What does the future hold? The entrepreneur plans to use his uncompromising drive to take the real estate market to greater heights. For Stuart, knowledge is power. He is keen on helping buyers and renters improve their knowledge of the market and make empowered investment decisions