Though the only trolleys rolling down its streets these days are filled with sightseers, Arlington, VA remains the quintessence of the streetcar suburb. Separated from the District of Columbia by a stretch of the Potomac River, it has so much to offer. For those working in DC, Arlington is incredibly convenient to its concentrated areas of government and business. The Blue, Yellow, Orange, and Silver Metro lines, along with five bridges, connect Arlingtonians to The District. In short order however, Arlington residents may have even less reason to commute. The opening of Amazon’s HQ2 in Crystal City will require a workforce of some 25,000.
With all of that in mind, now is absolutely the time to buy a home in Arlington, VA. Situated in the heart of
Park View, much like adjacent neighborhoods Columbia Heights and Petworth, has become increasingly popular within the last five years and the development of new homes to accommodate new residents has been going at a substantial clip. There have been several new builds in the neighborhood including The V and The Warder, as well as a strong showing of conversions like The Helicopter Factory, and renovations such as The Parkview and The McMillan. The 625 Park Road condominium combines both development practices quite deftly.
The main building of the New Commandment Baptist Church was purchased five years ago, with an aim at tearing down and re-building. Along the way, neighbors chimed in and achieved historic designation for the
Real estate development is booming in Washington, D.C. with prices at a premium and the market shows little sign of slowing down. This means that investing in property now can end up reaping significant dividends in the future. Whether your goal is to create a short-term rental or a family home that accrues value, there are some simple upgrades you can make to increase your return on investment. Here are five easy ways to increase the ROI on your property.
1. Attic Insulation
While not the most attractive upgrade, the truth is that beefing up your attic insulation is one of the easiest ways to increase your ROI. Remodeling Magazine reports a 117% ROI on attic insulation 1. This upgrade pays for itself in two years and then continues adding value
Compass is a licensed real estate brokerage that abides by Equal Housing Opportunity laws. Information is compiled from sources deemed reliable but is not guaranteed. All measurements and square footages are approximate. This is not intended to solicit property already listed. Compass is licensed as Compass Real Estate in DC and as Compass in Virginia and Maryland. 1313 14th Street NW, Washington, DC 20005 | 202.386.6330