Thinking of buying a home in the Northern Virginia area? Wonder what the cost of owning that home and commuting in the area might cost you per year? Transportation and housing affordability are a big part of the buying process. The Urban Land Institute has developed a calculator to help show how these costs vary among different locations.
One of the first decisions that Northern Virginia buyers look at is whether they should buy a home "inside or outside" the beltway. Commuting is a big part of that decision. The calculator gives you a chance to play with the numbers and compare costs at a number of locations.
"The Housing + Transportation Calculator was developed to help individuals, households, planners, and municipalities understand the true costs of housing and transportation, as well as how these costs can vary from place to place."
As an example I ran two reports to compare costs.
ALEXANDRIA VA
WOODBRIDGE VA
These numbers were done for two condo's and may not reflect the numbers for your household size or the neighborhoods you select. It is a interesting tool to give you an idea of things to consider when you consider relocating to Northern Virginia.
If you find yourself relocating to Northern Virginia call Cindy Jones and CJ Realty Group at 703-346-2213 to discuss how we can help make your move to the area as stress free as possible.
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