PROVIDENCE – Rhode Island Housing has launched HomeCompare, a free mobile app that helps Rhode Islanders organize their home search and make smart purchasing decisions.
According to a release, the iPhone app works as a “homebuyer’s digital notebook,” and provides a central location to store all home search information.
The app’s announcement was made on the first day of the 2013 Rhode Island Builder’s Association home show at the R.I. Convention Center.
“Rhode Island Housing strives to ensure that all people who live or work in Rhode Island can afford a healthy, attractive home that meets their needs,” said a company release. “HomeCompare was created to be another tool to help potential Rhode Island homeowners achieve this goal.”
By creating an “individual home buying journal” with HomeCompare, homebuyers can: capture home information during visits, calculate the total first year cost for each house, rate each of the saved houses and share property information via social networking sites, among other things.
“Homebuyers are increasingly using social media to assist in all their decisions,” Richard Godfrey, executive director of Rhode Island Housing, said in a statement. “HomeCompare streamlines that process and helps homebuyers make safe, informed purchasing decisions, and have more fun doing so.”
Rhode Island Housing highlighted the benefit of the app’s ability to calculate the total first year cost of each property, saying that, unlike other apps, it “provides an accurate representation of the home’s true cost at the end of one year.”
“Buying smart is one of the fundamental objectives we stress to potential Rhode Island homebuyers,” said Godfrey. “A critical element of helping homebuyers find their dream home is ensuring that not only are they able to buy – but also afford and keep – the home that is right for them.”
The HomeCompare app is only available for use in Rhode Island and surrounding border communities.
Rhode Island Housing did not mention if it intends to release the app for the Google Play store for Android smartphones.