Every three years, the Federal Reserve conducts their Survey of Consumer Finances. Data is collected across all economic and social groups. The latest survey data covers 2013-2016. The study revealed that the median net worth of a homeowner is $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013). These numbers reveal that the net worth of a homeowner is over 44 times Continue Reading
It’s March, and with the rising temperatures and longer days, we’ll soon start to see the first signs of spring, including all the crocuses, tulips and daffodils beginning to sprout. With the threat of most snow storms behind us, and before the arrival of April showers, it’s a good time to get started on some tasks to shed the winter layers and give your home a fresh new start. Here are some tips to get your home in good shape Continue Reading
When looking for a home to buy, the stakes are high and the to-do list is long. Mistakes could cost you thousands of dollars. Is there also a not-to-do list of things to avoid if you want this process to go smoothly? Here are seven tips about what prospective homeowners should NOT do when searching for their next home. Some of my colleagues at Long and Foster weigh in: Don’t wait for the next season or for the market Continue Reading
Not a day goes by that I don’t discuss the impact of Amazon with someone. The good folks are Urban Turf recently reported the statistics that show what is going on, on the ground, in Arlington, VA: “The Amazon real estate effect in Northern Virginia now seems to be affecting home prices. The median home sales price in Arlington shot up 20 percent in January. While it is impossible to specifically draw a connection between this rise in prices and Continue Reading
This home is for sale in Waverly Hills, North Arlington, at an asking price of $799,999. There is only one full bathroom on the main level, none upstairs. I promise my videos will improve!
In a CNBC article, self-made millionaire David Bach explained that: “The biggest mistake millennials are making is not buying their first home.” He goes on to say that, “If you want to build real financial security, real wealth for your lifetime, then you need to buy a home.” Bach went on to explain: “Homeowners are worth 40 times more than renters. Now, that first home doesn’t need to be a dream home, it can be a very small home. You Continue Reading
We had the best time last week decorating Valentine heart cookies. I’m still recovering from the sugar shock! This was our inaugural event… look for it next year. It was such a success it’s definitely worth repeating. Thank you Village Sweet (in the Westover neighborhood of North Arlington) for providing such delicious cookies and beautiful sprinkles!
This 1920’s Four Square home in the Cherrydale neighborhood of North Arlington was updated/renovated by owner Architect in 2006, so creating the perfect blend of original charm and modern touches. This is the type of home many home buyers love. Also attractive is the fact that is offers a few special bonus touches that are rarely found and utterly charming: a Crows Nest bonus space over one bedroom and a separate guest/in-law cottage behind house with full bedroom and bathroom. Continue Reading
Whether you’re planning to move to a larger home for your growing family, downsize or relocate for work, the process of preparing a home to sell can be a lot of work. Making a plan for all the decluttering, repairs and updates can help in the process – especially if you start the preparations several months from your expected listing date. Here are some ideas: Begin by making your to-do lists and breaking the items down into bite-sized tasks so Continue Reading
The appeal of an older home like this one in Lyon Village, completely renovated to current standards, attracts many home buyers. Located at 1714 N. Calvert St., it also happens to be located in one of North Arlington’s most desirable neighborhoods, Lyon Village. As described in the Washington Post a few years ago, Lyon Village is an appealing neighborhood for it’s charm, neighborly friendliness, and complete convenience. The asking price of this home on Calvert St is $1, 480,000, which Continue Reading