In spite of the warnings of the so called "experts" who say "think twice before buying a home in today’s market", we say "now may be the best time to buy a home"...particularly if you’re thinking about one of Franciscus’ new offerings at Bridgewater in Isle of Wight. Here’s why…..not only are these homes award winning designs for every lifestyle imaginable, but they’re priced in the low $200’s with qualifying incomes starting as low as $44,000 per year. And that’s not the best part.

For many potential home buyers, the largest obstacle in achieving home ownership is the down payment and/or closing costs required by the buyer at closing. Many buyers have good credit and can afford the monthly mortgage payments yet are unable to save enough money for the down payment or closing costs. If you’re short on cash, your worries may be over. For a limited time only Franciscus is working with HUD approved non-profit organizations to provide down payment gifts which create instant equity of more than $6,000. Coupled with closing cost assistance from the builder, you can purchase a new home at Bridgewater with little to NO cash investment - an additional savings of more than $7,000! With an offer like this you can’t afford not to buy. Owning a home should be in everyone’s plan for the future. It is a fundamental first step toward accumulating personal wealth. It is the primary source of wealth for more than 60% of America’s households. A recent survey of consumer finance by the Federal Reserve shows the median net wealth of a home owner is $171,700 while the median net wealth of renter households is only $4,800. Clearly owning a home is the best way for most families to build wealth.

Owning a home at Bridgewater can be your first step in making a solid investment with exceptional returns. According to a report from Harvard University’s Joint Center for Housing Studies there is a dramatic increase in the rate of return on housing the longer it is held. For instance, the typical homeowner who experiences an annual home appreciation rate of only 5% per year who made a cash down payment of 10% will generally receive a 94% return on that cash after owning the home only three years.

After owning five years, the homeowner’s rate of return on the down payment increases to 225%. Imagine what the rate of return could be if you purchased a home at Bridgewater with a 0% down payment. You do the math, but you’ll need a calculator with lots of decimal places.

The real joy of owning a Bridgewater home is not only watching your investment grow year after year, but you’ll get to live in it while you’re accumulating wealth. How many of your stockholding friends can make that statement?

There’s a floor plan for every lifestyle at Bridgewater; five townhouses and five single level floor plans are available in each building. Gourmet kitchen layouts, ceramic tiled bathrooms, separate entry foyers, loft balconies, cathedral ceilings, media rooms, etc. are just a few of the features you’ll find at Bridgewater. Bridgewater is conveniently located on Route 17 two miles south of the James River Bridge in the beautiful community of Eagle Harbor in Isle of Wight. Come see us, it could be your first step in a beautiful investment that you will call…..my home.

Furnished models open daily at 11 am or call 757-238-8822 for a personal tour. Click here to visit Bridgewater on the web.