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Buying a Condo in Reston Virginia

By
Real Estate Broker/Owner with HomeBuyer Brokerage

Condo Buyers in downtown Reston Virginia

walk to shops, restaurants, bars and parks

Reston Rooftop lounge Victoria Henderson

 

Reston Virginia is a 10 mile drive from Tysons Corner and the Capital Beltway. The Reston Town Center, where condos and townhomes are for sale, is about 6 miles east of Dulles International Airport and 21 miles west of downtown Washington DC. 

Reston Virginia is convenient to Washington DC and Dulles Airport 

Washington & Old Dominion Bike Trail is a 45 mile paved road that begins in Shirlington and ends in Herndon Virginia. At mile 18, bicyclist are in Reston Town Center where they can stop for food and drinks at one of the many restaurants. 

Considering buying a condo in Reston Virginia?

Key points to consider 

 

  • Are you buying as an investor or will you live in the condo? 

The Savoy at Reston Town Center is perfectly situated in the town center shopping area. The building is about 10 years old and many condos have balconies facing a lovely garden area. However, at this time, you cannot purchase these units with the intention of renting. 

According to the Savoy General Manager, "The Savoy at Reston Town Center has a lease cap in effect that prohibits any homeowners who purchased their unit after September 2012 from leasing their unit until such tine as the 35% lease cap threshold is obtained"

Condos in the Market Street Town Center have a lease cap too. Working with an Exclusive Buyer Agent, you can get all the facts and make an informed decision. 

  • Do you want  24 hour security and a front desk concierge?

The Carlton House has a 24 hour concierge at the front desk. The hi-rise building is 10 years old with a rooftop pool, terrace with barbeque grills, club house and gym facilities.

Baldwin Grove features garden style condos-no concierge and not close enough to comfortably walk to Reston Town Center.

Edgewater at Reston Town Center is a 21 year old garden style condo community. This community is within walking distance of Reston Town Center and many of the condos have beautiful water views.  

 

  • Carefully review the Condominium documents 

After you have a ratified contract, the listing agent will send condo documents to review. If the condo docs are delivered by hand or electronically-3 days to review

If the condo documents are mailed-6 days of the postmark date 

Review these documents to make sure the capital improvement fund is well funded and check on special assessments to be sure there are sufficient funds. If you are not satisfied with the condo association, you can void the contract to purchase. 

Exclusive Buyer Agents with Buyer's Edge 

building relationships with home buyers in Virginia, Maryland and Washington DC

Victoria Henderson is an Associate Broker with Buyer's Edge

Marshall Henderson is an experienced Exclusive Buyer Agent with Buyer's Edge

4849 Rugby Avenue Bethesda Maryland 20814

office 301.657.1475 cell 301.922.1677

 

 

 

 

 

 

Posted by

Victoria Lynne Henderson

Real estate broker and business owner of HomeBuyer Brokerage serving buyers in Washington DC, Maryland, and Virginia. Victoria was born in Washington D.C. and loves her hometown!

Learn more about exclusive buyer brokers & agents at HomeBuyer Brokerage

 

 

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