I need some advice on which locations in the Northern VA area or the DC metro area would be the perfect place to buy a 1 BR condo... Arlington? Reston? DC? Fairfax?
Also - is it better to buy an older one for cheaper and renovate before selling OR better to buy a brand new?
Much appreciated...
2007-01-09 01:31:00 · 3 answers · asked by sk 1 in Business & Finance ➔ Renting & Real Estate
There are several things to factor:
1/ Length of commute btw home and work...no point in buying in Leesburg VA if you qork all the way in Rockville, MD since your commute would be about 1 hour each way, everyday...can you handle that???
2/ Do you own a car....there are still very few metro stations in NOVA compared to MD...if you don't own a car, you mgiht be limited to few places....
3/ How much do you want to spend? 1BA/1BA in NOVA start from the high $100k's while 2BD/2BA start mid-high $200k's.......there is so much new construction in the area that you actually get a better deal buying newer rather than older to renovate.....
2007-01-09 02:23:57 · answer #1 · answered by boston857 5 · 0⤊ 0⤋
I can't help with specific locations, but normally it is better to buy old and renovate. It takes more time and effort, but generally it is a better financial move. New properties are for the lazy people, and you know there are a lot of those out there.
2007-01-09 02:24:57 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Condo, go with Arlington. Great views of DC from there.
2007-01-09 05:41:18 · answer #3 · answered by Anonymous · 0⤊ 0⤋