I have loved renting in DC. I could go on and on about how much I love my studio, neighborhood, and property manager (WC Smith.) I don’t love that my rent rivals a substantial mortgage payment. Buying a place is a big decision but building equity and making a good investment is one of the smartest things you can do, especially when young. Luckily there are great tools and programs out there to help make the decision. Check out New York Time’s rent vs. buy calculator. If you feel ready to make the jump, read up on DC’s Open Doors program. If you qualify, DC will help pay your down payment. Crazy, I know. The more I learn, the more I want to get a piece of DC real estate. As I shop for myself, I will pass on good deals to EBDC readers. Happy hunting.
$479,000
2 BD/1 BA: 954 sq ft
Columbia Heights
What makes it great: Just when you thought there weren’t any houses under $500k in Columbia Heights, this little beauty pops up. This house isn’t very big but nonetheless, it is a house. Selling points are the outdoor space, parking, and obviously the exposed brick. The location is also great– easily walk to the metro. The listing mentions potential to add a third level but that is above my pay grade and sounds a little bit like a zoning nightmare.
Why you should think twice: The kitchen is super narrow and the second bedroom is tiny. The fact that there is only one bedroom isn’t great either.
To get more information, email me.
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