Is There North Kingstown Affordable Home Construction?
This North Kingstown real estate question is being asked by many first time home buyers. Affordable new home
construction is very limited in town right now. The biggest change has occurred with the latest current prices that builders are allowed to charge for an affordable house...it has dropped by $35,000 over 2012.
Builders can not afford to build a house, such as in the North Ridge subdivision, with current home designs. They just would lose too much money on the home construction. So the scramble is on to re-tool the designs and be able to put up affordable homes in subdivisions that meet the government guidelines.
From homeowners who are downsizing to smaller properties to first time home buyers, the demand for affordable construction is huge in North Kingstown RI real estate.
North Ridge subdivision is the only subdivision right now in North Kingstown that has new affordable construction. From this location (just a few minutes to the highway), to the town beach (5 minutes to town and beach) and the historic Wickford Village, buyers can truly experience this town.Looking for North Kingstown homes for sale under $300,000? Well North Ridge will give you the 'newness' of a fresh subdivision awaiting your footsteps. A subdivision of 12 homes where 3 of the homes must be sold as affordable home construction to families that meet the income limits.
These 3 homes are being designed as raised ranches and are still in the design phase by the builder. Creating an open living floorplan is the goal with a 3 bedroom, 2 bath home. Talk with me, Ginny Lacey Gorman, as a Buyer's Agent for this North Ridge subdivision in North Kingstown.
New qualifying affordable homes will be in the $245,000 price range and must meet Narragansett Housing Authority guidelines. Talk to me about the income levels you need here and let me see what I can do for you. Other homes in this subdivision range from $349,000-$399,000.
Buyers are anxious for affordable home construction in North Kingstown. I can be reached at 401.529.7849 to set up an appointment to meet and discuss the right home plan and layout for you. Is There North Kingstown Affordable Home Construction?
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Ginny Lacey Gorman is a Rhode Island waterfront Real Estate Agent who works and knows the North Kingstown RI geographic area of homes for sale, schools, happenings and important tidbits of information well.
Coastal, water view, ocean front, luxury and waterfront Rhode Island real estate are my specialty. If you are considering Buying, Selling or Relocating to Rhode Island and need a real estate Professional it would be my pleasure to help you! When you are in need of an internet savvy RI realtor® who sells homes in this real estate market, call Ginny today at 401.529.7849.
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