Kenwood House in Bethesda MD checks lots of boxes for homebuyers searching for an affordable home with lots of amenities close to downtown DC. Kenwood House is a small mid-century modern cooperative is located at 5100 Dorset Avenue, next to Little Falls Parkway.
Condos can be perfect first homes if you feel that the price of a single family home is too expensive. Condos frequently are more affordable than single family houses so that you can start to build equity and enjoy the benefits of owning a home sooner.
After the Sitzer verdict, many people are wondering how the real estate market is going to change? Will sellers be able to pay a commission? Will home prices drop? Will real estate agents go away?
A 20% down payment is not required! There are two big myths that keep some people fro trying to buy a home. One myth is that you have to put down a minimum of 20% down to buy a home. While a big down payment can be a great way to lower your mortgage payment and convince sellers that you’re serious about buying, coming up with 20% of a home’s purchase price can be difficult. The sad thing is that many people delay purchasing a home and starting to build that all important equity while mistakenly waiting to accumulate that magic 20% down payment.
There are many reasons to buy a condo, but here are the top four! Popular with every homeowner—from first-time buyers to retirees—condos offer many advantages over a traditional stand-alone property.
What is a $500000 starter home in the DC metro area? According to a front page article in the New York Times on September 25, 2022, a starter home in Denver Co in the 1990s was a two level house with three bedrooms and 1400 square feet or less. In the 1990s that starter home sold for $90,000 to $125,000. Now that home will cost approximately $500,000.
That made me wonder….. What do you get in the DC metro area for $500,000? Of course, in the DC metro area, there are lots of choices. Do you look in DC (trendy or trending)? Do you look in Montgomery County? How far out do you go into the suburbs? Do you look in Prince Georges County or perhaps you go to Northern Virginia?
For purposes of this search, I used the criteria that defined a starter home in Denver in the 1990s – a two level home with three bedrooms and less than 1400 square feet for no more than $500,000. Then I looked at the criteria without price restrictions to see what kind of house you can get with the same criteria but in a central location.
This is the time to buy your new home! If you are thinking about buying a home, you likely have a lot of factors on your mind. You’re weighing your own needs against higher mortgage rates, today’s home prices, and lots more. It’s hard to decide to jump into the market, but this is the time to buy your new home. While some buyers may wait things out, there’s a reason serious buyers are making moves right now, and that’s the growing number of homes for sale. Just remember, the best time to buy a home is when you want one or when you need one!
Now that the Inflation Reduction Act has become law, you need to know what are the incentives for ordinary Americans to go green and how you can save on your tax bill over the next 12 years!
Georgetown Village Condos is located on Edson Lane and Commonwealth Drive in a park like setting. The community has 304 units in 19 buildings with four levels each and four units on each level. Built in 1985, the condos range in size from 845 square feet one bedroom one bath units to 1473 square feet three bedroom two bath units. Georgetown Village Condos is a popular location, not only for its amenities but also for its proximity to shopping and the metro. Pike and Rose is very close and Montgomery Mall and Wildwood Shopping Center are easily accessible too. The community is pet friendly and each unit has its own washer and dryer. Amenities include an outdoor pool, tennis courts, tot lot and a basketball court.
The Forum at 11801 Rockville Pike is a condo building built in 1968 with exceptionally large units and amenities including a pool, tennis courts, utilities, tot lot, party room, exercise room, sauna and 24 hour front desk. The pet friendly Forum is close to the Metro, the Pike and Rose, Harris Teeter, Whole Foods, and lots more!