BUCHANAN PARK
Capitol Hill

Site Plans Site Plans Buchanan Townhomes Buchanan School Living Room Bedroom Rooftop Deck

Address: 13th & D Streets NE

Type: Condos and Townhomes

No. of units: 41 condos, 32 townhomes

Affordable Housing: N/A

Type of Unit: One-, two-, three-bedroom condominiums and three- and four-bedroom townhomes

Price: 500

Status: Selling

First Move-in: 2017

Developer: Ditto Residential and Insight Property Group

Buchanan Park, a community now under development located at 13th and D Streets SE, has become a neighborhood within a neighborhood, with plenty of landscaped green space, lots of lovely outdoor gathering areas and walkways to connect the…

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The pros and cons of the Federal Housing Administration (FHA) loan.

At times homebuying can get overwhelming, especially when it comes to loans. We’re here to make things easier for you by sharing the pros and cons of FHA loans.

FHA loans are government insured loans from the Federal Housing Administration. This means FHA guarantees your loan but doesn’t actually lend out the money. When you take out loans, they need to be with FHA approved lenders. Some benefits of FHA loans include less down payment required, more forgiving debt to income ratio and less restrictions on bankruptcy and foreclosure.

One of the main advantages of an FHA loan is that a very large down payment is unnecessary. Loans can be as low as 3.5 percent, which is great for…

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Condominium Warranty Regulations is a program in DC that helps protect buyers of newly constructed condominiums.

Condominium Warranty Regulations, a program launched a few years ago in D.C. aims to protect buyers of newly constructed condominiums. It stays in effect for two years after the settlement date of the first condo in the new building. What happens is 10 percent of the total cost of construction is put aside as a condo warranty bond. The Department of Consumer and Regulatory Affairs (DCRA) and your respective condo association can ask for money from it to aid in structural issues to your unit that may come up.

It is important to remember a couple key pointers, when buying a brand new condo, especially given the amount of real estate that…

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DC Council introduced a bill that will exempt owner-occupied, single family homes from TOPA laws with certain parameters.

The 1980 Tenant Opportunity to Purchase Act (TOPA) was created out of the Rental Housing Conversation and Sale Act. It is designed to restrict owner rights and provide benefits to tenants.  The benefits for tenants include the option to purchase as well as the ability to assign their right to purchase to a third party.

If you are considering buying a property that is tenant occupied or if you are thinking about renting your property out, you need to familiarize yourself with the Washington DC Tenant Opportunity to Purchase Act.  The process can be a challenge to navigate, so it is strongly recommended that you hire an agent or an…

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