A story in today’s Washington Post about rising area rents reinforces what I have been telling my clients who are real estate investors for the past six months. If you’ve been thinking about investing in Arlington, VA, real estate, now could be a great time to buy a rental property.
3 Reasons Why Now is a Good Time to Invest in Arlington Real Estate
1. Low mortgage rates that are starting to rise. Rates, while still at historical lows, have been creeping back up from last month’s record lows.
2. Good value in home prices in a real estate market that is recovering. Median home prices in Arlington County were up 12% in November from one year ago.
3. Rising rental rates. The Post story, citing a Delta Associates study, says that DC-area apartment rents are at 20-year highs, having increased 8.2 percent this year to an average of $1,643, with vacancy rates the second lowest in the nation. That’s bad news for renters … but good news for property owners.
Why is the rental market doing so well? Jobs. The Washington area has added jobs more quickly than the rest of the nation during the recession, luring newcomers who were unable or unwilling to purchase a home here.
As a Realtor® experienced with Arlington investment property deals – who owns Arlington rental properties – I can help you find a property in the right location, recommend a mortgage lender, explain the tax advantages of owning an investment property, provide you access to my network of trusted contractors for property repairs and provide you with advice on screening tenants and taxes.
Search Arlington VA Homes for Sale
You can search Arlington condos, townhomes and single-family homes for sale with my easy to use map-based search. You can even sign-up to get automatic email alerts when new listings hit the market.
Questions about real estate investing or buying a home?
Feel free to call or text me at 703-447-0970, or email Meg@MegRoss.com.
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