Investing in Real Estate? Lets ask Warren Buffett, the infamous investor worth billions who is commonly known as “The Oracle of Omaha”.  His insight in investing I’ve always found to be a very simple, easy and straight forward. This article delves into two real estate investments he’s made. Here’s a few points I walked away with;

-Ignore the outside noise and chatter

When we were in the depths of the Great Recession Mr. Buffett was buying up companies left and right, while the rest of the market went running for the hills. His Berkshire Hathaway holding company bought Prudential Real Estate as his method of jumping into the real estate market. But years ago, he made a few real estate plays himself, ignoring the noise around him, he focused on the…

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We write a lot about RI waterfront homes, but sometimes it's nice to hear from people who actually live in them.  Here's one owner's take on the pleasures of living at 1601 Main Road in Tiverton - a pretty enticing deal at $895,000.

 “My husband and I bought the property at 1601 Main Road (then a summer cottage) in 1996 when two of our three children were still in high school – both avid sailors. We fell in love with its immediacy to so many things:  water play of all kinds right off our own dock – swimming, sailing, kayaking; early morning light climbing the houses and boat yard across the Basin, at night the lights of the Mt. Hope Bridge in the distance, and the Sakonnet River Bridge to the North; spectacular sunsets; and, the ability to watch the…

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Newport County's Single Family Home Stats for March 2014  

One quick note:  While the market is favoring Buyers in the aggregate (Newport, Jamestown, Middletown, Portsmouth, Tiverton & Little Compton), Middletown moved into Seller territory this month providing a slight advantage to Sellers.  Low inventory and high demand are pushing this metric up in Middletown.  That's a first since the market started  recovering.

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BEFORE

 

Here’s a happy house-flipping story to start your weekend off right. 

Fixer-uppers are not for everyone, but this little gem in Middletown is a Cinderella story worth sharing:

It started with a closing on a sad little house in need of major TLC. It ended 2 months later with a 7-day listing, a full price offer and an exhausted, but happy Seller.

Time and Effort are the life blood of flips. They must look brand new. When they do, people buy them. It’s that simple. If you plan to do it yourself, get ready for some aches and pains. If you do it right, however, the rewards can be great.

Location is key for a successful flip. This one was on the Middletown Newport line near parks, restaurants and coffee shops. Once the location checked…

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Rhode Island's home style preferences are experiencing a major shift.  Smaller homes with authentic period design are rapidly gaining favor over the larger properties favored a decade ago. Buyers want new-old homes that look historic on the outside but contain open spaces, walk-in closets, cooks' kitchens and high efficiency mechanicals on the inside.

21 Mia Court on the Exeter / North Kingstown line is such a home. Completed in 2008 by former historic home owners, this jewel of a house incorporates all the things they loved about their historic farm house in Charlestown.  Wide plank pine floors, exposed beams, hand hewn doors, forged iron hardware and a huge fireplace with beehive oven are classic American Colonial elements.  The arrangement of…

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139 West Shore Dr is Hogan Associates’ latest listing, a sweet home that embodies the best things about Exeter.  Here are just a few things to love about 139 West Shore Dr;

- Water views at a VERY reasonable price

Welcome your friends to your beautiful and affordable new home with water views from your two separate decks! That’s right. Two.

 -Move in tomorrow with no worries

This property has new flooring, a refinished kitchen, updated bathrooms and utilities - all installed under the watchful eye of a conscientious owner.

-Fireplace & Wood burning stove to enjoy the winter months 

You might enjoy winter a little more with a newly installed cast iron wood burning stove and a wood burning fireplace. Stay toasty warm with extra low…

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This week we welcomed Caroline Richards to the Hogan Associates' fold!  She'll be joining our Bellevue Ave. team, and we can't wait to watch her go!

A Salve Regina grad, Caroline spent 15 successful years in the banking / venture capital business in NYC, Boston, San Francisco and London, but she always wanted to come back to Newport. In 2007 she did, and she now resides here with her husband and 2 SUPER cute (and silly) kids.

Caroline has a devoted following of buyers and sellers.  She's smart and funny too - bonus - and we're really glad she's here!

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Easton’s Point in Middletown has some of the hottest real estate in Newport County.  This townhouse right in the center of Easton’s Point puts you a stone’s throw from 1st and 2nd Beach.  The Stone Towers condo association is located atop a knoll right off of Tuckerman Ave. It gives a home owner the great opportunity of owning their own slice of heaven in this highly sought after neighborhood.

 

Refinished only a handful of years ago, it’s ready for you to move in just in time to enjoy your first summer here in Middletown. 

 

The Middletown Condominium is minutes to restaurants, coffee shops, convenience stores, nightlife, breakfast diners and shopping.  The neighborhood has the small town beach community feel for everything families need and…

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Real Estate in Newport RI, much like the rest of the country, had a great year.  But how did Newport fare alongside the rest of the nation?  Here’s where we stand on 2013.  

Nationally and in Rhode Island:

The Case/Shiller National Index, an index of national home prices, experienced a 10.06% increase year over year through September 2013.  That’s the largest 12-month gain since March of 2006!  Rhode Island median home prices appreciated 10.48% with an 18.9% increase in volume! The increase in volume is a strong sign of a strengthening market.   

 Single Families – Newport, RI

 Newport’s median price appreciation lagged behind the national and state average with a price increase of only 2.1%.  That said, Newport dwarfed the rest of the state…

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