Northern Virginia Real Estate Blog, Carolyn Capalbo

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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Willowsford is a great community and a personal favorite for me.  I love the community amenities and activities available.  The Beazer Brighton currently offers the careful purchaser the option to build new under $700,000 in Willowsford.  Beazer is currently offering “Choice Option” variations on their floor plan designs that offer popular structural and design options at no additional expense.  As I review this floorplan, please keep this in mind as it may allow you to customize this great space to fit your needs. 

The main level starts with exterior living space in the way of a front porch.  Hardiplank exterior with stone or brick water tables accentuate this lovely and appealing front entry.  The central foyer is bracketed by a formal dining room

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The Northern Virginia Real Estate Market is heating up this September. Inventory levels are down by an average of 20% compared with inventory levels this same time last year. Location matters. There are some neighborhoods in the Northern Virginia marketplace that are seeing bidding wars and multiple offers for competitively priced listings this season. While some areas and neighborhoods are seeing markets more in line with Fall market expectations. 

What’s Hot and What’s Not?

Here are the fasted moving most competitive marketplaces currently this fall. There are several pockets of fairly valued or not so “hot” areas, but they are neighborhood sensitive. Deal hunters will have slim pickings this fall.

Hot Areas

North Arlington (22207 zip code)

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Prior to becoming a top Real Estate professional in Northern Virginia, I was a very successful Financial Specialist in the Banking world.  I often helped families review their personal finances, budget, and plan for the future.  Most families do not plan for life events or upgrades in their lifestyles until the emotional requirements or the physical necessity occurs.  Many people may take advantage of retirement planning; however, they do not stop and think about planning for life or everyday living. 

Many of the clients I work with are in the midst of a major shift in their life.  A growing family with changing needs, a shrinking family as children move out on their own, are examples.  These are everyday life occurrences; however the housing

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One of my challenges as a Financially Savvy Realtor, and former Banker is witnessing how casually most people manage their finances, their assets and liabilities.  Many families are not aware of ways to improve their financial and housing position.  I am going share a series of actual client experiences to highlight how I have assisted families over the years to improve on their finances and their living situations.  In many cases, I have helped families move to larger homes and save money in the process.  I hope I can open your eyes to a better financial approach towards your home and ultimately a better lifestyle! 

Client Experience 1

I helped a Single Professional living in a Condo that she purchased in 2012.  She paid $230,000 and it is estimated to

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