Julie Nesbitt is an ABR who has served buyers in some of Alexandria’s most exclusive neighborhoods. She is a top producing agent who has listed and sold property in Northern Virginia. In addition to helping folks buy, sell and rent property in Northern Virginia, Julie is the primary administrator of the property management services performed by Nesbitt Realty and Condo Alexandria. Call Julie at (703)765-0300.
The answer depends upon what you want. Aside from the obvious differences of having more green space with most single family homes, such as those in Belle View versus the tighter knit community potential in a high-rise condominium or townhouses there are other, harder to see, but no less profound differences.
Single Family Home Benefits
Absence of monthly homeowners or condo fees
Less stringent rules and regulations
No homeowners or condo association that can impose restrictions without your consent
Fewer parking restrictions and fees
Condo and Town House Benefits
No need to save money to cover what condo fees will cover:
Roof repairs/replacement
Common area repairs
Yard Maintenance
Maintenance, paving, and plowing of the driveway, sidewalks, and curbs.
Siding and gutter maintenance or repair
Some have controlled access
On site community amenities from club rooms to pools and exercise rooms
Many have improved public transit service, shuttles to metro service, etc
Condominiums are found all over Northern Virginia. From quiet communities along Fort Hunt Road at River Towers and Belle View to glamorous high-rises like Carlyle Towers or the Eclipse to urban luxury in Rosslyn, there are plenty of choices in Arlington, Alexandria and Fairfax County.
A condominium is usually a housing unit or apartment in a multi-unit building in which each unit is individually owned, while common areas and the property in general is jointly owned by the residents and the owner of the building, or all of the residents together. Some people choose to purchase and live in a condominium because some condos are less expensive than a traditional single-family house. Additionally, many condo's have added amenities and facilities.
Before deciding to purchase a condominium, it is important to do your research into both the legal and practical aspects of owning a condominium. As with any home purchase, location, size and price are important. With a condominium you'll also want to understand the ownership scheme. This type of information is found in the "condo docs" or condominium documents. Most states, and the Commonwealth of Virginia, require condo doc disclosure before any purchase contract is finalized. The condo docs will contain detailed information on the ownership and property rights of the condo and its owners. The rules of the homeowners association are generally explained in the condo docs in plain English (and not in legal jargon)? It's important to read the condo documents to understand the annual maintenance and upkeep fees, as well as to obtain a full understanding of exactly how much control the association have over the regulation of the property?
Condominiums can be found all over the country, with more being developed each year. Condominiums are quite common in Northern Virginia and the National Capitol area. Some condo's are new construction and a few are apartment buildings that were rental apartments before making the switch.
In newly constructed condos, it's common to find a sales office on-site at the condominium. And whether your buying from a condominium owner or a condo office, it's a good idea to take a guided tour of facilities and the units that are available for purchase. Of course, many new condominium offices have staff that act as sales agents. Potential condominium owners can make an appointment to meet with a staff sales agent to discuss interest in condo ownership. However, when you're in the market for a condo, it's a good idea to employ your own real estate agent rather than rely on the services of the condominium staff. Your real estate agent will have an understanding of the condominium ownership structure and the condominium documents and the real estate agent can explain what this means to you.
Although there are various types of condominiums, the most common legal arrangements involve individual ownership of each unit, with joint ownership of the communal or common areas by all of the residents in the building. You might be surprised to learn the variety of sizes found in condominiums. Condos range from studios and one bedroom apartment, to a four bedroom penthouse apartment. Even condominiums with the same number of bedrooms can have different floor plans and different numbers of bathrooms and half-baths.
While some condominiums are located in large multi-unit buildings, others may be detached form each other and be located in a gated or planned community. Some condominiums may be located in resort or vacation destinations. Besides total cost of the property, you should also inquire as to the annual homeowners association costs. These fees are usually charged in order to pay for the upkeep and maintenance of the common areas. Owning a condominium can be one of the largest investments you make, so make sure that the one you choose can accommodate your specific needs. Purchasing a condominium can be a great way to buy a property in the location you really want with all the amenities you seek.
4520 King St.
Alexandria, VA, 22302
703-379-0808
If you have questions about condo documents, maintenance or insurance, please call the above number.
If you are interested in purchasing a condo, give Condo Alexandria a call.
Of course as a homeowner you'll now be responsible for maintenance and repairs on the house. You'll be a part of the neighborhood watch and the garden club. According to most studies, you're more likely to vote, and to participate in local government activities. You're now one of the landed gentry. According to the Rossi and Weber National Survey of Families, home owners possess significantly higher levels of self-confidence than renters.
Tax advantages are one of the biggest financial benefits of home ownership. The typical home owner that pays a $1,000 house payment will realize tax savings of about $120 each month. (As a general rule, most homeowners can deduct most or all of their interest payments on their home loan, property taxes and loan points, but check with your tax advisor about your situation.)
This increase confidence and wealth will have an impact on your family life as well. According to Boehm & Schlottmann, University of Tennessee, "Children of home owners are 59% more likely to become homeowners. Their children are also 25% more likely to graduate from high school and 116% more likely to graduate from college."
As an owner, you'll stop paying rent and you'll start building ownership equity. A survey of consumer finance by the Federal Reserve Board found that the median net worth of most modest-income owners is almost $60,000 compared to less than $10,000 for renters in the same income group.
In many cases, your home will provide you with more privacy than rental living. For some, this means a quieter living environment, for others it's the ability to have a grow garden, have a backyard barbecue or a build a garage. You'll have the freedom to make whatever changes or improvements you like. Now that you control your living environment, you can make adjustments as your family changes or just as your personal taste dictates.
In the end, the goal is happiness, not to have the most marbles.
For more information or to set up an appointment call Julie at (703)765-0300.
Across Eads St. relatively close to the Crystal City Metro is the neighborhood of Aurora Highlands.
Aurora Highlands is in Arlington County and dates back to the days when Arlington County was a sleepy rural suburb of Washington DC. One of the most interesting assets of Aurora Highlands is the row of shops and restaurants along 23rd St. in Crystal City.
On a lazy summer afternoon a sidewalk cafe in Aurora Highlands is a nice place to take a bite to eat and enjoy a cool drink.
Located in the heart of Old Town Alexandria, The Athenaeum is home to the Northern Virginia Fine Arts Association (NVFAA). Constructed between 1851-52, the Athenaeum is a Greek revival building with a rich history. The building is named after the Greek Goddess of wisdom, Athena. Over the years The Athenaeum has taken many names and was used for many functions. Together with the Lyceum, the Athenaeum is a foundation of Alexandria's Greek neo-classic buildings.
The building has a long history of use in Alexandria. Before the Civil War, Robert E. Lee banked here, when the building was known as the Bank of the Old Dominion. During the Civil War it was occupied by Federals and home to the Union Army Commissary Headquarters. In 1905, the bank was converted from commercial to industrial purposes. The building was used by the Stabler-Leadbeater Apothecary Shop as a place to grind talcum into powder. In 1925, the talcum factory became the Free Methodist Church.
NVFAA purchased the Athenaeum in 1964. Since then, restorations have taken place using the funds from the members of the NVFAA and the National Park Service Save America's Treasure Grant.
Recent art exhibits include Song For Europe by Mark Cameron Boyd is participatory installation using his signature "text bisection" process on a series of chalkboards to address four different languages from European origin such as Greek, Latin, French, and English. This exhibit is on display from August 16th - September 21st.
Music is another art form featured at The Athenaeum.
Yoga classes are available at The Athenaeum. Instructor Betsy Huffman welcomes drop-ins. Class fees are only $18 per class. Classes are Mondays 11:30am
The Athenaeum is available for rentals for weddings, receptions, parties, business meetings and seminars.
When it's time to sell your house, townhouse or condo here are a few simple tips for realtors and home sellers alike.
Turn on your heart light.
Turn on the excitement by turning on all your lights - both inside and outside. Whether you are showing your home in the evening or in the day, lights add color and warmth. Prospective owners feel welcome in spaces that are bright and airy.
Don't crowd your buyers.
Potential buyers often feel like intruders when they enter your home. Rather than giving your house the attention it deserves, prospects are likely to hurry through. When the homeowners are present people often feel uncomfortable looking in closets and laundry rooms an other private areas. Additionally, rooms filled with people give the impression that the space is small.
I love pets ... but not your pet.
Dogs and cats are great companions, but not when you're showing your home. Pets have a talent for getting underfoot. Some prospects are allergic to some animals. Sadly, many people love their pets, but they don't like your pet. It's in your best interest to keep the animals outside or out of the way of potential buyers.
Don't create distractions
Rock-and-roll will never die. But it might kill a real estate transaction. Most of us love music, but not all of us love your music. When it's time to show your home, it's time to turn down the music. Turn off your TV because the last thing you want is for one of your buyers to watch the game while his wife falls in love with your house.
Give a wide berth.
A smiling seller is a welcome site, but a pesky seller will chase a home buyer away. It's important to be friendly but avoid being conversational. Anything you say could be construed to imply a warranty or could cost you thousands in negotiations.
Put things in perspective.
Some buyers will point out shortcomings or flaws in the property. It's best not to respond orally to these challenges. Utterances like these are seldom personal in this context. So, never take offense. Understand that these statements might be an indication of the buyer's ignorance, but sometimes the buyer attempting to frame negotiations with these statements. To engage the comment is to agree with the premise of the utterance.
Most people have heard of the MLS, but many are unclear as to exactly what it is. MLS stands for Multiple Listing Service.The MLS is a database of homes listed for sale.
The Multiple Listing Service is probably your best tool as a home buyer and your best friend as a home seller.
But what exactly is the MLS?
The MLS is a database.
In the old days MLS databasing was done on filing cards and notebooks. Today that information is aggregated on computers. MLS data includes information about what properties are for sale and certain details about those properties such as condo amenities, number of bedrooms, garage parking. Almost everything you'd want to know about a given property is cataloged on the MLS.
Much of that information is public, such as the selling price and the address. Some of that information is private, or reserved for those who have professional access to the MLS. For example, real estate agents know which properties are vacant. The general public doesn't need to know this information as sharing that information might pose a risk to some property owners.
Yes, the MLS is a database, but it is also something more.
The MLS is a marketplace.
The collection of information on the MLS serves as the primary repository of details about real estate for sale or rent. MLS data is the foundation for most websites, and it is the primary reference point for most real estate professionals. As properties are contracted and sold, the data is constantly updated. Today, most agents and websites have data that is practically up to the minute.
The MLS is not free, but it's free to you the consumer. Agents and brokers pay fees for access to MLS data and to fees to maintain and improve the system. Professionals like me make that data available to the public for the purpose of helping buyers and sellers connect.
The MLS is a tool.
Like all tools, the MLS gives the best results when wielded by a professional. (More on this below.)
The MLS is for sellers.
Home sellers want access to the maximum number of buyers, in the most cost effective manner. When compared to the expense of newspaper, radio or other ads, the MLS is incredibly targeted and very affordable. The professionals who use this data will only bring qualified buyers shopping for property in your price range. It doesn't get better than that.
When a seller chooses a real estate agent with MLS access, the seller's sales force is equal to the number of agents who are using the MLS. The larger pool of prospective buyers the greater the chance that the property will sell quickly and for a fair market value.
The MLS is for buyers.
The MLS makes home shopping extremely convenient. MLS data does not cost the buyers a dime. Thanks to the internet and sites like NesbittRealty.com you can search MLS listings 24 hours a day 7 days a week. Many consumers find that a "self-search" through the MLS is a good starting point for finding the right home.
A real estate agent is for you.
In the old days consumers needed an agent to help them look through the data. These days its easy for the public to access most of the data available. So, you can do it yourself.
But if you try to find a home on your own or you try to sell without an agent, you'll quickly discover why most people choose to employ a professional. It's true: you could probably cut your own hair, change your oil filter and fill your own cavities. But why would you?
These days the problem isn't that the data is hard to find. The data is often up to the minute. These days, the problem is that there is too much data. Buyers are overwhelmed with choices. Sellers are drowned out by the noise of available information.
That's one reason why when it's time to get serious about buying or selling, a real estate professional can help guide you through the process.
Most agents know the tricks and secrets of the MLS.
As an agent, I have access to more complicated tools and search processes not available to the consumer. I work with the MLS every single day. The MLS is one of the most important tools in my toolbox. Once you have an idea of what you want to accomplish, I can employ the MLS in ways that you haven't imagined.
Across Eads St. relatively close to the Crystal City Metro is the neighborhood of Aurora Highlands.
Aurora Highlands is in Arlington County and dates back to the days when Arlington County was a sleepy rural suburb of Washington DC. One of the most interesting assets of Aurora Highlands is the row of shops and restaurants along 23rd St. in Crystal City.
On a lazy summer afternoon a sidewalk cafe in Aurora Highlands is a nice place to take a bite to eat and enjoy a cool drink.
