Rhode Island Real Estate

By: Seth Willis Jr.

For the Lovers of the Sea

If you are targeting a client base that loves the sea, then going into Rhode Island real estate is the investment venture that is best for you. This is because there are quite a number of oceanfront beaches in the state that every Rhode Island resident is no farther than a 30-minute drive from the edge of the state's waters. This in itself is enough to attract any beach lover to get a Rhode Island real estate. Those, who generally want to live by the waters all the time, would want to live in this charming state.

Geography

Although it has a long official name, the State of Rhode Island and Providence Plantations is more commonly known as Rhode Island. By land area, the state is the smallest in the US with only an area of an estimated 1,214 square miles. Despite the island connotation to its name, most of Rhode Island is actually located on the mainland. While the state was originally dubbed as the "Little Rhody", it adopted officially the moniker, the Ocean State, because a great part of its inland area, an estimated one-tenth of it, is covered with sea water with the south bordered by the Atlantic Ocean.

Climate

Another great asset of the state when it comes to Rhode Island real estate is its wonderful climate. The state has perfect warm summers that are mixed sometimes with rainfall and cold winters that come with moderate snowfall. This asset is substantially added by the great allure of the small state's economy.

Economy

In 2000, the state's total GSP was $33 billion which placed it on the 45th rank in the US. On the other hand, the personal income per capita registered at 16th among the 50 US states with $29,685. Aside from this, it is also to be noted that the energy consumption in Rhode Island on a per capita basis is the lowest of all the US states. The state's largest industry lies on its health services while the second is tourism, which provides some 39,000 jobs.

Sceneries

These assets of a great economy and wonderfully perfect climate that go with scenic beaches are enough to attract just about anyone to invest in the Rhode Island real estate market. This is added with the lure of the Ocean State's more known foods such as the seafood specials like the clam chowder and the clam cake, the coffee and the wieners or what most people know as smaller hot dogs covered in onions that are chopped, meat sauce, celery salt and mustard. The education offerings of the state, which has quite a number of selection of private and public schools as well as colleges and universities, is also a great attraction.

If this wide array of attractions are not enough to make a person buy Rhode Island real estate, the fact that the state is also a famous site for film locations could be the clincher. Quite a large number of films and TV series were shot in Rhode Island and these movies include Dumb and Dumber, Providence, and The Last Shot. Rhode Island might be small in area but it is by no means small when it comes to the prestige that it has already garnered over the years.

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