Northern Virginia Real Estate Blog, Carolyn Capalbo

Millionaires Build Wealth Through Real Estate…So Can You!

 

Simple Strategies to Grow Your Wealth Through Self-Directed IRA

 

Over the years, I have worked with some incredibly savvy and wealthy people who invest in Real Estate.  Many of these folks have developed a portfolio of great investment assets that earn them tremendous income in addition to net worth and property value appreciation.  Some have mastered the art of buying distressed property below market, renovating, and reselling for a profit or flipping homes, most; however, have purchased homes close to market value and held on to the asset for years while tenants have paid off their mortgages.  I will be blogging with various strategies on how to prosper through Real Estate. 

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NV Homes is offering the Longwood model in The Grant section of Willowsford as their entry level home.  This home, while providing a nice pricing option for new home buyers in Willowsford does not lack for space and options available.  This open concept floor plan delivers a fantastic main level with flexibility.  The entry foyer has a line of site to the back end of the home and the expansive kitchen, family room and casual dining area.  The front area can be utilized as a formal dining room or a living room depending upon buyer’s needs.  The powder room on the main level is tucked away near the garage.  There is an option for a main level bedroom and full main level bathroom if desired.  This space is typically a study.  This design offers a

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Drees Homes incorporates an amazing transition from interior living space to exterior living space.  In fact, this dramatic transition is the best use of interior to exterior flow I have seen with a tract home builder.  While priced in Willowsford at the luxury market level, the features and upgrades are worthy of the price point.  Let’s talk about this wow feature!  The kitchen area has the option to have a folding panel door which eliminates the exterior wall to the covered outdoor living area.  In addition to the wide open interior to exterior concept, Drees also has a featured pull down screen to make the outdoor living area a screened in outdoor living area.  The model incorporates both these amazing features and adds in a stacked stone gas

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One of the things that I am often asked as a REALTOR is by homeowners who want to sell. They want to sell FAST and for TOP DOLLAR. They want to be inconvenienced as little as possible in the process. 

Sell My House!

There are typically five steps to getting this accomplished. These steps seem simple,but each on is pretty crucial to a great outcome. 

Clean and Declutter - We all live in our homes. Stuff accumulates over time. When a person comes to visit your home looking to buy it, they are often mentally moving their stuff into your home in their mind. If your home is clean and open, they will actually picture themselves in it. They will be able to see their stuff fit there.  I walk through homes with people every week, so I have a finely tuned

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Should I Rent My HouseThis time of year, I meet people who want to rent their home.  This can be a wonderful opportunity for many people.  Extensive evaluation should be considered before taking the step to rent your home.  Here are some things to consider.

1)      Will this be an income producing property?

a)      What is the return on investment (ROI) for this property?

b)      After evaluation is there positive or negative cash flow?

2)      What are my operating expenses for this property?

a)      Will I need to hire a property manager?

b)      Do I expect major repair expenses in the future?

3)      How easy will it be to maintain?

a)      Can I manage the cost to repair the property if necessary?

b)      Am I expecting major repair issues such

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Bottom Line is that inventory is down and sales are up! Inventory levels are down roughly 20% and sales are up roughly 15%. Sales prices have been relatively flat, which means we are poised for a potential price adjustment upward as demand exceeds supply this coming spring. Here’s what’s happening in some of my favorite Gainesville Communities and Gainesville Virginia Homes for Sale…


Lake Manassas homes for sale are down 38% from 2015 and closed sales are up 39% from 2015. Average sold prices are flat year over year. This great community offers luxurious single family and townhouse homes. Prices start in the $400’s and can climb over $1,000,000 for single family homes. Many homes are sited with lake or golf course views. Check out Lake Manassas Homes

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As a resident of Lake Manassas, I have to share that Halloween is and always has been a favorite tradition!  Residing in a gated community may be an advantage for the children of the community to roam free and with parental supervision.  I always marvel at the creative costumes and changes in the kids that come to my door trick or treating.  I watched my kids and their friends grow up and now I get to enjoy the same with my neighbors’ children.

Last year I ran a Halloween, Lake Manassas experiment.  I had a selection of chocolate candy available, to include non-peanut options and a selection of snacks, such as potato chips, pretzels, and Fritos.  It was amazing to see what options the kids would choose.  The younger kids, 8 year olds and under, went

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Willowsford offers a wide array of family friendly community amenities that appeal to both younger and older family members.  With its farm to table lifestyle attracting not only families with small children, the Ryan Homes’ Carolina Place model may be a spot on design for empty nesters.  The Carolina Place by Ryan Homes offers an open concept Transitional styled design with a main level master suite.  I am noticing a trend away from dedicated Active Adult communities for many of our 55 and older buyers; and, a move towards amenity rich communities enjoying main level living options.  Particularly among empty nest buyers between 50 and 65 years of age.  These buyers are seeking homes near their kids and grandkids.  They want to be located in a community

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Welcome to Willowsford Community and a floorplan review of the Pulte Maple Model from their Manor Collection.  The Maple offers a base starting point in the mid $600’s; however, most homes will price out at or above $700,000 with customized options included.  The base Maple comes standard with a 2 car garage but can be expanded to a 3 car garage home. 

The Main level offers a flex room, a large gathering room, large island kitchen and café eating area.  The lower level can be modified to change the flex space into a main level bedroom and the hall powder room can be modified to be a full bathroom.  The floor plan offers an exterior living area for an optional deck and/or screened in porch.  The kitchen features an expansive island and has a clear/open

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