A New Jersey Home Builder Committed to Meeting the Needs of a Wide Range of Customers- Kara Homes

In new home markets spanning the central New Jersey region, neighborhoods built by Kara Homes offer families the opportunity to live in style.

(PRWEB) February 25, 2005 -- Zudi Karagjozi, President and founder of Kara Homes, is positioned for the challenges of today's home building market.

In 1999, Kara Homes in East Brunswick NJ built and sold six single-family homes generated $1.3 million in revenues. In 2000, the company had revenues of $7.6 million on $14 million in home sales. In 2001, revenues reached $34 million on $105 million in sales, and last few years sales have doubled to $217 million and revenues more than tripled, reaching $103 million.

In 2002, Builder Magazine, the national industry publication, named Kara as the fastest-growing home-building company in the country. Mr.Karagjozi,43, appeared on the magazine's cover, posed jauntily on the hood of a red Formula One race car.

Mr.Karagjozi concedes he is riding the housing boom of the last few years and that could change. But he asserts his real strength of the company lies in its products "high quality, stylish homes for the great suburban middle class."

Kara has built single-family homes and two-unit town houses in subdivisions all over New Jersey, from Hunterdon County to Barnegat and Sea Bright on the New Jersey shore, and is moved into "older active adult" market in the state, Mr.Karagjozi said.

Kara'S homes, which come in 10 different town-house designs and 9 single-family designs,are priced from $250,000 to $550,000.

Mr.Karagjozi said his own boyhood was spent in a very urban environment of Woodhaven, Queens, and he remembers going with his parents shopping for homes in the suburbs every weekend for several years.

Later, after high school, he worked for a time at his parents' small residential real estate agency in Hollis, Queens.

He did not start building houses until 1995, after he had spent time becoming a musician, working as a commodities broker to build a financial stake, and then buying and selling buildings-residential, commercial, and retail-in the Bronx and New Jersey.

"It was all part of my training," said Mr.Karagjozi, who speaks with the kind of hyped-up energy common among rock stars and real estate sales people. "I understand what the masses want, and why shouldn't they have it?"

The first subdivision project in which Mr.Karagjozi took a significant role was in which he was a minority partner with Matzel & Mumford, one of the state's big home builders and now a part of K.Hovnanian Homes.

The development, High pointe at Old Bridge, was named "Community of the Year" by the New Jersey Builders Association in 1994. But Mr.Karagjozi who was involved in lengthy litigation with Matzel & Mumford over his revenue share on that project, recalls that period as an "awesomely painful" time in his life.

"When that period was finally ended, I got Kara Homes in gear, using the strategies i knew would work and setting goals i thought we could achieve if we strived," he said.

So far Kara has been built from the ground up, so to speak, not by acquiring other home-building companies and to expand beyond New Jersey.

The Kara television commercials that are being put together by a Madison Avenue advertising firm are part of a promotional campaign aimed at hitting his lofty sales goals.

With aggressive print, billboard, and radio advertising, he said, the company sold 50 percent of homes in a community before beginning construction and he intends that pattern to continue.

When you combine Kara's quality construction with the beautiful settings of New Jersey surrounding our homes, you will see why our new homes represent the finest in contemporary living. And if there should ever come a time when you would like to sell your home, you will find that a Kara home brings some of the highest sale values on the NJ market. The website is www.karahomes.com

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