Articles Posted in Real Estate

Explosion in Out-of-State Buyers Supports Booming Rhode Island Luxury Home Market
Bilodeau Capalbo, LLC

The arrival of the Covid-19 pandemic sparked a shift in real estate markets nationwide, with smaller, satellite cities and regions attracting workers from larger cities. Workers with remote work opportunities sought to move to areas with less expensive real estate and a lower cost of living, as the remote work revolution that accompanies pandemic life…

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Antiquated Zoning Laws Inhibit Push for Affordable Housing in Rhode Island
Bilodeau Capalbo, LLC

Municipal zoning regulations are often developed as a means to protect present property owners and residents from changes that could negatively affect the value of their property or the character of the neighborhood. Often zoning regulations can be used to ensure that a neighborhood only includes residential property or only single-family units. While zoning regulations…

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Rhode Island Considering Expanding Public Shoreline Access
Bilodeau Capalbo, LLC

Where the ocean meets private property, disputes are commonplace. Under state law, the ocean itself and portions of the coast and beach are public property, and anyone can use them. However, access to such areas can be problematic, as private property owners often want to restrict or prevent public access to beaches adjacent to their…

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Rhode Island Governor’s Veto of Short-Term Vacation Rental Registration Requirement Overridden by Legislature.
Bilodeau Capalbo, LLC

The explosion of the short-term rental industry in Rhode Island has resulted in many advantages and disadvantages for Rhode Island residents and property owners. The popularity of short-term vacation rental websites and apps, such as Airbnb, have resulted in hundreds of millions of dollars in earnings for property owners in Rhode Island. The influx of…

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Appealing Excessive Property Tax Assessments in Rhode Island
Bilodeau Capalbo, LLC

Receiving a new tax assessment of your residential or commercial real estate can be an exciting and stressful experience. Although the tax assessment numbers are nowhere near as accurate as an appraisal or market determination of the value of your property, evaluating the value that the state determines your property to be worth can certainly…

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The State of Rhode Island Constructs Bike Path on Private Property Without Permission
Bilodeau Capalbo, LLC

States and municipalities have the authority to use and take title to parcels of private property in Rhode Island using eminent domain powers. For a private property taking to be valid, the state or municipality must follow certain procedures, most importantly offering just compensation to the original property owner. The Rhode Island Supreme Court recently…

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Rhode Island Property Owner Permanently Loses Property Rights after Tax Sale and Foreclosure
Bilodeau Capalbo, LLC

Rhode Island property owners are required to pay taxes and utility bills to the state and municipality where the property is located. Failure to keep up to date on due tax and utility obligations can ultimately result in a property owner losing possession and ownership of their property. In the event that the state or…

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Property Tax Valuation Increases Taxes for Group of Condominium Owners
Bilodeau Capalbo, LLC

The State of Rhode Island and its municipalities routinely perform widespread property valuations on private property in the state to determine the property tax burdens of property owners. In the tax years after a valuation is completed, property owners are required to pay taxes based on the updated amounts until another valuation is complete. Tax…

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