Real Estate and Rental Information About Isabella & West End Alexandria

What Are You Expecting To Find In Your Purchase?

I'm a local agent specializing condos in 22304 in Alexandria. Photo of 307 Yoakum Pkwy #1706 307 Yoakum Pkwy #1706 is an unique and interesting modest 2-bedroom condominium in Alexandria, but it's not for every buyer. Photo of 307 Yoakum Pkwy #1706 Let's hesitate to learn your priorities so that you can realistically work out if purchasing a 2-bedroom Contemporary-style condo in Alexandria is for you. There are an almost unlimited number of variables in play. To get what you want, you need to know what you want. For example:
  1. How many baths do you need? 307 Yoakum Pkwy #1706 has 1 full baths. What about half baths? 307 Yoakum Pkwy #1706 has 1 half baths.
  2. Do you need to think about resale value? Do you know what homes have sold for in Watergate At Landmark? Here's what has Recently sold at Watergate At Landmark.
  3. Do you prefer hardwood floors? Do you prefer carpet or ceramic? Maybe floors aren't a big concern for you.
  4. How much can you afford? Does your budget have any room to move up or down?
  5. Do you care about amenities? Listings at Watergate At Landmark offer additional benefits from this community..
I'd love to chat about your condominium priorities. It would be my honor and pleasure to help you realize your real estate dreams.

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Nesbitt Realty
Nesbitt Realty
If you're seriously considering a condo there are some important questions to ask. Contact me for answers. 1. What percentage of units is owner-occupied? What percentage is tenant-occupied? Generally, the higher the percentage of owner-occupied units, the more marketable the units will be at resale. 2. What covenants, bylaws, and restrictions govern the property? What grandfather clauses are in place? You may find, for instance, that those who buy a property after a certain date can't rent out their units, but buyers who bought earlier can. Ask for a copy of the bylaws to determine if you can live within them. And have an attorney review property docs, including the master deed, for you. 3. How much does the association keep in reserve? Plus, find out how that money is being invested. 4. Are association assessments keeping pace with the annual rate of inflation? Smart boards raise assessments a certain percentage each year to build reserves to fund future repairs.To determine if the assessment is reasonable, compare the rate to others in the area. 5. What does and doesn't the assessment cover? Does the assessment include common-area maintenance, recreational facilities, trash collection, and snow removal? 6. What special assessments have been mandated in the past five years? How much was each owner responsible for? Some special assessments are unavoidable. But repeated, expensive assessments could be a red flag about the condition of the building or the board's fiscal policy. 7. How much turnover occurs in the building? This will tell you if residents are generally happy with the building. According to research by the NATIONAL ASSOCIATION OF REALTORS(r), owners of condos in two-to-four unit buildings stay for a median of five years, and owners of condos in a building with five or more units stay for a median of four years. 8. Is the condo building in litigation? This is never a good sign. If the builders or home owners are involved in a lawsuit, reserves can be depleted quickly. Sometimes the litigation is minor. Sometimes the litigation is a show-stopper. 9. Is the developer reputable? Find out what other projects the developer has built and visit one if you can. Ask residents about their perceptions. Request an engineer's report for developments that have been reconverted from other uses to determine what shape the building is in. If the roof, windows, and bricks aren't in good repair, they become your problem once you buy. 10. Are multiple associations involved in the property? In very large developments, umbrella associations, as well as the smaller association into which you're buying, may require separate assessments. For example, Stratford Place is a part of Kingstowne. We want what's best for the client. How can we help?
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