Rhode Island Real Estate
Although much smaller than the other states in the US, Rhode Island is big when it comes to history and landmarks. You will find beautiful historic houses, loads of museums, both for adult and kids alike, art galleries, parks, and so much more. Rhode Island has seen a small increase in their market, with an increase in house sales as recent as March of 2009. Rhode Island has a city for everyone whether you like the bustle of a larger city life, or perhaps the quiet of a smaller town. Rhode Islands residents take great pride in their state, and are friendly and welcoming to all new residents and guests.
Next we will take a look at the larger cities in Rhode Island and what prices you can expect to pay for a home in this beautiful state.
The largest city in Rhode Island is Providence. With over 177,000 residents, Providence is a city that is seeing a slow, steady growth. As one of the top places in the US that is showing an increase in their tourism, you will find that there is lots for people to do,whether you are enjoying a night out on the town at one of Providence's great restaurants, or as a family looking at Roger Williams Park Zoo. Providence also has excellent school systems for those with children.
You will find several options when house hunting in Providence. There are great, updated town homes and condos as well as beautiful historic houses for you to choose from. For a large, 3 bedroom 2 bathroom home in good condition, you will spend on average $130,000. For those who do not mind a home that needs a little TLC, you can get a house for as little as $40,000.
Warwick is the next largest city in Rhode Island with 88,000 residents. Warwick is the ideal place for businesses with great opportunities for growth. Warwick is also very friendly to families with beautiful beaches to see, and boating. For those who enjoy nature take a walk on one of their nature trails or go and visit one of their historic lighthouses. The quality of life is excellent in Warwick and you will find the other residents to be friendly and welcoming.
When looking for houses in Warwick, you will find many older homes that have been kept in great condition. For a large 3 bedroom home with 2 bathrooms that has been kept up to date, you will spend around $135,000. There are plenty of smaller houses that need some updating for as little as $50,000. For those who are looking to invest a bit more, you can find luxurious, elegant homes for $400,000 and up.
Cranston is the third largest city in Rhode Island. Cranston has much to offer its residents in this growing city. You will find museums, country clubs, and is close enough to other major cities so you will never be bored. Cranston is a great city for people of all ages. Your children can get a top notch education in one of their schools and there are plenty of activities for senior citizens.
Like other cities in Rhode Island, Cranston has a large selection of single family homes. You can find many larger homes perfect for growing families. For example, Cranston has a large 5 bedroom house for only $102,000. There are endless possibilities in their real estate market. For a little over $440,000 you can buy a beautifully restored colonial 4 bedroom home with professionally landscaped yards and a greenhouse. For those who are looking for something a bit smaller, you can spend as little as $35,000 on an older 2 bedroom home.
If you are contemplating a move to lovely Rhode Island, you will be pleasantly surprised at the buying opportunities you will find. The government has set up special FHA loans, and other government loans that assist you in buying your dream home in Rhode Island. There are also special incentives for first time home buyers. To get started you will first want to research the city you are moving to and contact a few different real estate agents to assist you in finding the right home for you. After this you can look into how to get your home financed. In today's market, now is the time to buy, especially if you choose to buy a home in the beautiful state of Rhode Island!