There are several great reasons to buy a home in Portsmouth. Homes appreciate well and in some areas are affordable; the current median sales price of a home is $340,000. Mortgage rates are also low. For example, a 30 year fixed rate is currently only 4.195%.
Another major attraction to live here is the fact that there are no general sales and personal income taxes existing in N.H. This is a major economic incentive however property taxes can be high.
Worried about losing your Portsmouth home due to eminent domain? Don’t worry! You are safe as a Portsmouth homeowner because New Hampshire state law prohibits the use of eminent domain for private use or private development (site: www.freestateproject.org)
Buying a home in historic Portsmouth is a win-win. In addition to the relatively inexpensive cost of living, the city has many historic and cultural attractions, such as the USS Albacore Museum, fine dining at Friendly Toast and Lexie’s Joint for example, great downtown shopping, easy access to the sea coast, mountains, lakes, gorgeous Prescott Park, hiking trails and proximity to Maine, Boston, Massachusetts and Connecticut. The weather in Portsmouth is also desirable for skiers, golfers, hikers, hockey enthusiasts and curious sight-seeing tourists. The fall foliage scenery in Portsmouth is also a must-see.
Take advantage of what Portsmouth has to offer. You and your family will not be disappointed!
Check out this video on Portsmouth
– Blog authored by Greg Daly