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Buying a home is ‘part of the American Dream’

Here’s why buying beats renting every time

In real estate, the debate has traditionally centered around whether buying or renting provides more value to the consumer. With rent prices remaining high across Rhode Island and most of the country, J.Christopher Real Estate Group can assure prospective buyers that buying a home holds significant advantages over renting in today’s day and age.

“Critics of buying real estate say that buyers will pay more because of all of the added costs of homeownership like taxes or water service, and they’ll usually fail to mention the equity buyers will build,” said Jarrod C. Lewis, owner of J.Christopher Real Estate Group.

The National Association of Realtors recently conducted a survey that found the primary reason non-homeowners do not own a home is because they cannot afford to buy one. The same survey found that the majority of renters would like to be a homeowner because they believe it is part of their American Dream.

“Many first-time homebuyers aren’t well versed in acquiring mortgages and may not know that they have different options when it comes to making a down payment on a home,” said Lewis. Furthermore, he says that renters in Rhode Island are paying an average rent that is beginning to mirror the costs associated with buying a home in the Ocean State at the median price of $265,000.

Here are some reasons why buying is more affordable, and more advantageous than renting.

  • Homeowners have the flexibility of remodeling their home and the associated costs are tax deductible.
  • As payments are made on the mortgage loan, homeowners usually build equity and recoup their down payment costs in a few years.
  • Buying a multi-family property allows homeowners to gain additional income that could be used towards paying the mortgage.
  • Several programs are available that can reduce your down payment or cap the payment to $7,500 if you are buying a home in certain areas.

To help you get started on achieving your American Dream, J.Christopher Real Estate Group encourages you see our current listings. For all other real estate questions or concerns, speak with one of our realtors by calling 401-830-6906.

 

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About Us

Built for people like us.
Licensed in Rhode Island, Massachusetts and Connecticut, J.Christopher Real Estate Group is the go-to real estate solution for people who value hard work and results. Whether you’re a first-time buyer or you’re selling your long-time family home, you’re always our top priority because you’re our client.

Led by Jarrod Lewis, J.Christopher Real Estate Group is a team of professionals working to provide our clients with personalized customer service backed by years of trusted, industry experience.

We treat people like we expect to be treated, and we understand the value of hard work. This means we will be there for you at night and on the weekends to answer your questions and guide you through the process.

Testimonials

Jarrod and his team were incredible. We worked with Jarrod and Lori on purchasing our first home and it was by far the best experience working with anyone on anything, I've ever had. I was confident knowing they were taking care of us throughout the home buying experience, and even now, after purchasing our home,

Justin Lizotte

We recently closed on our house last week and let me tell you how FLAWLESS and EFFORTLESS the process was with Jarrod's team! This was our first ever home buying experience and I am not sure what people say is so "tough" or a "nightmare". We worked with Erica and she was a rock-star throughout

Alyssa Toth

Lori McVey was nothing short of an excellent and amazing realtor. She is very knowledgeable and understanding and was conscientious to my situation, as well as the entire process of home buying and what to look for and do, etc. When I needed her to come through on something she did so and then some.

Kyle White

Can't say enough about Jarrod and his team. Honest and straight forward, I got a a strong sense of his integrity when I first met him and my first impression was correct. He and Stefanie were always available immediately when I called them. No waiting endlessly for a response or wondering why they hadn't called.

Kevin McGrath

Contact Us

986 Hartford Avenue Johnston RI 02919

401-830-6906
info@jchristophergroup.com
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