Heidi's RI Real Estate Blog
Tuesday, July 27, 2010
Thursday, July 8, 2010
Luxury living in Scituate RI!
$795,000
3425 Square feet of living space, 4 bedrooms, 2.5 bathrooms
- One of a group of 4 post and beam houses designed and built by wood sculptor Armand Lamontagne in the early 60's
- Interior update designed and executed by interior designer Alan Reniere of Alan Reniere Interior Design.
- Appearance of houses are taken after existing "real" houses that are now museums
- This house is the Parson Capon House built in 1683 and still exists as a museum in Topsfield, MA.
- The house includes three working fireplaces, one in a great room which includes a modern kitchen
Central Air-conditioning includes three separate compressor/air handler systems and four separate temperature control zones.
There are two water wells plumbed to be used interchangably. A dug well and a deep well (450 ft deep)
Full 200 amp, 210 volt electrical service with circuit brakers
House has been photographed several times and include with articles in magazines
Mature landscaping designed and installed in 1993 (17 years ago) by landscape architect Brian Gravell includes extensive perennial gardens and specimen shrubbery and trees.
Thursday, July 1, 2010
Extension of the Homebuyer Tax Credit closing deadline!
Issues in the News Congress Passes Two Key Bills: Closing Deadline Extended for Federal Buyer Tax Credit for Those Under Contract by April 30th, 2010 and Reauthorization of National Flood Insurance Program Warwick, RI - July 1, 2010...Yesterday, Congress passed an extension of the Homebuyer Tax Credit closing deadline, the Homebuyer Assistance and Improvement Act (H.R. 5623).
IS IT BETTER TO BUY OR RENT?
In today's market many buyers ask this question. There are certainly pros and cons to both, but if a 6 year commitment is involved the numbers may surprise you. You can see for yourself with this advanced buy/rent calculator provided in the following NY Times article.
"The calculator keeps a running tally of the most common expenses of owning and renting. It also takes into account something known as lost opportunity costs — for example, the return you could have earned by investing your money instead of spending it on a down payment. The calculator assumes that the profit you would have made in your investments would be taxed as long-term capital gains and adjusts the bottom line accordingly. The calculator tabulates lost opportunity costs for all parts of the buying and renting scenarios."
"The calculator keeps a running tally of the most common expenses of owning and renting. It also takes into account something known as lost opportunity costs — for example, the return you could have earned by investing your money instead of spending it on a down payment. The calculator assumes that the profit you would have made in your investments would be taxed as long-term capital gains and adjusts the bottom line accordingly. The calculator tabulates lost opportunity costs for all parts of the buying and renting scenarios."
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