June 4th, 2008 by Tyler | 991 views |
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Are you familiar with route 66, exit 71? It’s the exit that will bring you to Fairfax Dr. and place you among the hustle and bustle known as Arlington. It seems to be the most popular place to live in Northern Virginia. Not necessarily Arlington as a whole but to be more specific, Clarendon, Courthouse, and Ballston. Convenience plays a big role when you ask any of the residents. You’re going to find mostly a younger generation roaming the streets with their dressy clothes and Starbucks in hand. The young professionals prefer to walk out of the office and convene with their peers at a local restaurant or bar for Happy Hour. Did I mention convenience? There are 4 metro stops in North Arlington which gives people an option to ditch their car and go Green. The metro can take you right into the Washington D.C. to enjoy the sites on the weekends or prevent you from having to drive so you can enjoy the nightlife.
People are willing to spend up to $2,000 a month just to rent a one bedroom place. What does this tell you? It’s the place to be and it’s going to be like this for a very long time. You have to wonder if any of these renters ever considered purchasing a home in Arlington. That $24,000 a year is just getting shoved into an abyss. Who would want to invest your money in a home so you can reap the benefits in the future? Certainly not Johnny who is notorious for racking up hundred dollar bar tabs and telling everyone to never buy a home, I mean he’s only 35 years old and has never owned a home. Since North Arlington is the most desirable place to live, it’s going to be on the expensive side. You’re looking at a 1 bedroom place for around $360,000. Yes, that is expensive but you’re placing yourself amidst the glorious surroundings and action of the city. Sure you could move 4-5 miles outside and find a 1 bedroom for $300,000 but you also can’t walk outside your home and be where you want to be.
If you’re thinking about purchasing in the N. Arlington area and will have no problems with the payments, you’re making a great investment. The real estate in this area is only going to get more popular. Home prices in this area have not seen a dramatic effect that the surrounding cities like Fairfax, Falls Church, Centreville, Chantilly, and Herndon have.
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This entry was posted on Wednesday, June 4th, 2008 at 12:46 pm
and is filed under Buyers Market, Buying a Home, Northern Virginia Real Estate.
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