The Alexandria, Virginia real estate market is constantly growing and desirable to many homebuyers. Home values have appreciated almost twice since the beginning of the century. Many of the property purchases were townhouses since the maintenance required is less than that required for single family houses. On the other hand, buying a townhouse provides a homeowner with more living space than a condominium unit.
Today I will share with you what is important when considering buying a townhouse in Alexandria, VA.
The most important feature, as always, is the [location] of the property. Buying a townhouse near a metro stop and/or in close proximity to a major highway is a huge plus, providing an easy commute. This important feature will keep the home values in the subdivision solid and will make your investment safer.
When selecting a particular Alexandria townhome you need to be informed about the difference between an interior unit and an end unit. Generally, end units are larger townhomes with more closet space; a desirable feature by the majority of homebuyers. This also provides you with a better resale value. End units offer more privacy and bigger lot to enjoy your outdoor activities.
Another great feature, when talking about Alexandria real estate, is having a garage. In today’s modern world, this is an advantage that every homeowner would appreciate. Have in mind the number of vehicles driven your household. This feature will bring additional resale value to your townhouse property.
You should be also very careful when choosing the number of bedrooms and bathrooms and the layout of the townhouse. Alexandria real estate market demands contemporary layout with open space and a minimum of three bedrooms and 2-3 full bathrooms with a half bath on the main level to accommodate traditional family dinners and celebration events.
If you are looking for a townhouse with a basement, the basement should have a walkout level and separate entrance. This brings better resale value since many of the Alexandria homebuyers prefer this type of layout that gives them direct access to an outdoor patio or deck.
I highly recommend that every homebuyer becomes educated and well informed about the current Alexandria real estate market conditions and mortgage market place. Every purchaser needs to know if it is the right time to buy, what are the best home opportunities and where to find them. Also, it is very important to evaluate the difference between regular sales and distressed property sales. That is why I am glad to give away a FREE Local Alexandria real estate report that will help you understand better the current market trend.