Condos, condominiums, townhouses and more in Alexandria, Arlington, Falls Church & Fairfax County

June, 2008:

What’s so great about a condo?

There are many types of condominiums.   Some condos look like houses or townhouses; most look like high-rises or garden-style apartments. Even though a condo can look look like a townhouse or house, owning a condo differs from owing a fee simple property in many ways. There are aspects of condo living that some may view as advantages or disadvantages, and you should be aware of these before you buy.

Here are a few basic benefits and considerations of condo living to help you make your decision.

The City

Busy folk who love being close to the action often choose a condominium because condo developments most often occur in the city. In the Carlyle District, in Arlington and places like Skyline Square, land is at a premium. But in all these examples, your condo is well served by public transportation. These condos are also close to the culture and opportunities of the city.

Of course the downside to being in town is that you’re in the city—that means traffic, hustle and bustle and other disadvantages of living downtown. For example, the USPTO is crawling with people during rush hour. Crystal City
is a pass-thru for many many commuters. Most homes and townhomes have a
lawn or yard of some kind, but few condo owners have a yard or personal
green space.

Community Living

A condominium owner is part of a community. The community lifestyle has many advantages. For example, the owner of a condo can leave things
on a whim. There is no yard to worry about, and the building is secure. Neighbors and condo staff will watch the property while you’re on travel or vacation. Most condos in Alexandria, Arlington, Crystal City and Falls Church have security features such as buzzers, a concierge or a guard service. If you travel often for business or pleasure (or if this is a second home), there are no worries while you’re out of pocket. Many condos have clubs, activities and the opportunity to socialize with neighbors.

But, shared walls and common areas mean that you are more likely to hear your neighbors. If you need your home to be a hideaway where you can escape from people, you have to deal with the fact that you might encounter neighbors in the hallway. Nosy neighbors are found everywhere, but it’s a lot easier for them to keep tabs on you as you come and go in a condo. The community will set standards and make decisions about common areas. For example, many condo association have rules about pets so that the common areas are not over-run with pets and pet debris.

The Association

You can take part in the decision making (by voting or by being a board member), but you must abide by the rules of the community. As you may know, condos are governed by a set of rules called Covenants, Conditions and Restrictions (CC&Rs). This can include restrictions on noise levels, pet ownership, renovations, and even what kind of curtains you can put in your windows.

Every unit owner is a member of the condo association, which also has an elected board. The association serves to enforce bylaws, handles maintenance and repair issues, etc.Because the condo association is made up of homeowners rather than property-management professionals, the association may be weak and inefficient. Most associations oversee a paid management firm.

Also, if you want to make renovations to your unit or rent your unit out, you may have to get approval from the condo association.This purpose of this oversight is most usually designed to make sure that you don’t remove any load bearing walls or short circuit community electricity.

Maintenance

Homeowners have a lot to worry about, but condo owners on the other hand …

Condo owners generally don’t mow lawns. They don’t clean gutters. They don’t even have to hire or pay landscapers. In a condominium someone else takes care of the exterior, the common areas, the snow removal and moreSomeone else makes sure there’s money enough to pay for the new roof.

Of course, that service comes at a price: the monthly condo fees. The association collects these fees to pay for maintenance and repair of the common areas. All homeowners pay for maintenance, but the owner of a single family residence can save money by mowing his own lawn. The owner of a single family home can defer payment a little longer if money is tight. Of course, by aggregating the fees of maintenance, condominium owners often have enough money to pay for amenities that are not common in a single family residence. For example, a swimming pool is pretty standard in a condo.

Affordability

Some condos in Northern Virginia list are every bit as expensive as single family houses elsewhere. Condos in Crystal City, condos in Arlington and condos in Alexandria (especially in the Carlyle District) can be quite pricey. But some condos are surprisingly affordable. This makes a great option for first-time buyers and singles who may find single-family houses unaffordable. Condominiums are more sensitive to trends in the real estate market than single-family homes. Now that the prices have dropped there are some tremendous bargains for shoppers.

Amenities.   Most condominium developments offer a range of amenities in the
common areas. It’s pretty standard in Northern Virginia to have access
to a swimming pool, gym or tennis courts in most condo complexes.

Area Museums and Historical Sites

Mount Vernon Mansion

Mount Vernon Estate & Gardens is the oldest national historic preservation organization in the country, and it has always been in the forefront of the restoration field. Mount Vernon is the most popular historic estate in America and is open 365 days a year. Mount Vernon was the home of our first President George Washington. The grounds are well-preserved as is the home itself.

Alexandria Lyceum is a grand hall built in the late 1800′s to provide a place for lectures, scientific experiments and quiet reading. Since that time, it has been a Civil War hospital, a private home, an office building and the nation’s first Bicentennial Center. In 1985, The Lyceum became Alexandria’s History Museum, providing exhibitions, school programs, lectures and concerts, volunteer opportunities and space for rental functions for the community. The Lyceum Museum Shop carries a wide variety of maps, books, note cards and special items related to Alexandria’s history. The present-day Lyceum Company serves the museum as a membership and fund-raising organization.

Old Towne2

Walk to Old Towne! Old Towne is filled with historic landmarks, carriage rides and walking history tours.

Just a few miles down George Washington Parkway is the nationally renown collection of museums called the Smithsonian Institution. The Smithsonian National Zoological Park is a wonderful zoo.

Civil War enthusiasts might want to inspect Fort Willard just as President Lincoln did. Fort Willard has long since abandoned its military use and is now a quiet park like Fort Hunt.

If you are interested in architecture and local history visit Frank Lloyd Wright’s Pope-Leighey House or the Woodlawn Plantation. The Collingwood Library and musuem is dedicated to providing information about our national heritage to the American Public. Collingwood is available to anyone who cares to learn of the heroic efforts made by American Patriots, particularly members of the Masonic Fraternity, in founding and developing this, the greatest nation on earth.

Collingwood Library

Collingwood is a resource as a local library but also interesting place to visit in it’s own right.

Basic Selling Tips

It should be obvious, but start by choosing a selling agent that cares about you and your condominium. The agent you choose should also understand the benefits and challenges of the condominium lifestyle.

Halstead

Halstead at the Meto

An agent who has never lived in a condo or owned property in a condo might not appreciate the benefits of life without guttering, lawn care or exterior maintenance issues. Your Condo Alexandria agent knows how a condo community functions and just how great it is to own a condominium. A Condo Alexandria agent understands why some units are more than others. A Condo Alexandria agent can help others understand what a great view you have or how nice it is to be close to the parking lot.

Each condo has its own benefits. We find your unit’s benefits and make them obvious so that the buyer who wants your condominium can find it.

Basic Selling Tips

It should be obvious, but start by choosing a selling agent that cares about you and your condominium. The agent you choose should also understands the benefits and challenges of the condominium lifestyle.

An agent who has never lived in a condo or owned property in a condo might not appreciate the benefits of life without guttering, lawn care or exterior maintenance issues. Your Condo Alexandria agent knows how a condo community functions and just how great it is to own a condominium. A Condo Alexandria agent understands why some units are more than others. A Condo Alexandria agent can help others understand what a great view you have or how nice it is to be close to the parking lot.

Each condo has it’s own benefits. We find your unit’s benefits and make it obvious so that seller who want your condominium can find it.

What’s so great about a condo?

There are many types of condominiums, some condos look like houses or townhouses, most look like high-rises or garden-style apartments. Even though a condo can look look like a townhouse or house, owning a condo differs from owing a fee simple property in many ways. There are aspects of condo living that some may view as advantages or disadvantages, and you should be aware of these before you buy.

Here are a few basic benefits and considerations of condo living to help you make your decision.

The City

Busy folk who love being close to the action often choose a condominium because condo developments most often occur in the city. In the Carlyle District, in Arlington and places like Skyline Square, land is at a premium. But in all these examples, your condo is well served by public transportation. These condos are also close to the culture and opportunities of the city.

Of course the downside to being in town is that you’re in the city—that means traffic, hustle and bustle and other disadvantages of living downtown. For example, the USPTO is crawling with people during rush hour. Crystal City is a pass-thru for many many commuters. Most homes and townhomes have a lawn or yard of some kind, but few condo owners have a yard or personal green space.

Community Living

A condominium owner is part of a community. The community lifestyle has many advantages. For example, the owner of a condo can leave things on a whim. There is no yard to worry about and the building is secure. Neighbors and condo staff will watch the property while you’re on travel or vacation. Most condos in Alexandria, Arlington, Crystal City and Falls Church have security features such as buzzers, a concierge or a guard service. If you travel often for business or pleasure (or if this is a second home), there are no worries while you’re out of pocket. Many condos have clubs, activities and the opportunity to socialize with neighbors.

But, shared walls and common areas mean that you are more likely to hear your neighbors. If you need your home to be a hideaway where you can escape from people, you have to deal with the fact that you might encounter neighbors in the hallway. Nosy neighbors are found everywhere, but it’s a lot easier for them to keep tabs on you as you come and go in a condo. The community will set standards and make decisions about common areas. For example, many condo association have rules about pets so that the common areas are not over-run with pets and pet debris.

The Association

You can take part in the decision making (by voting or by being a board member), but you must abide by the rules of the community. As you may know, condos are governed by a set of rules called Covenants, Conditions and Restrictions (CC&Rs). This can include restrictions on noise levels, pet ownership, renovations, and even what kind of curtains you can put in your windows.

Every unit owner is a member of the condo association, which also has an elected board. The association serves to enforce bylaws, handles maintenance and repair issues, etc.Because the condo association is made up of homeowners rather than property-management professionals, the association may be weak and inefficient. Most associations oversee a paid management firm.

Also, if you want to make renovations to your unit or rent your unit out, you may have to get approval from the condo association.This purpose of this oversight is most usually designed to make sure that you don’t remove any load bearing walls or short circuit community electricity.

Maintenance

Homeowners have a lot to worry about, but condo owners on the other hand …

Condo owners generally don’t mow lawns. They don’t clean gutters. They don’t even have to hire or pay landscapers. In a condominium someone else takes care of the exterior, the common areas, the snow removal and moreSomeone else makes sure there’s money enough to pay for the new roof.

Of course, that service comes at a price: the monthly condo fees. The association collects these fees to pay for maintenance and repair of the common areas. All homeowners pay for maintenance, but the owner of a single family residence can save money by mowing his own lawn. The owner of a single family home can defer payment a little longer if money is tight. Of course, by aggregating the fees of maintenance, condominium owners often have enough money to pay for amenities that are not common in a single family residence. For example, a swimming pool is pretty standard in a condo.

Affordability

Some condos in Northern Virginia list are every bit as expensive as single family houses elsewhere. Condos in Crystal City, condos in Arlington and condos in Alexandria (especially in the Carlyle District) can be quite pricey. But some condos are surprisingly affordable. This makes a great option for first-time buyers and singles who may find single-family houses unaffordable. Condominiums are more sensitive to trends in the real estate market than single-family homes. Now that the prices have dropped there are some tremendous bargains for shoppers.

Amenities

Most condominium developments offer a range of amenities in the common areas. It’s pretty standard in Northern Virginia to have access to a swimming pool, gym or tennis courts in most condo complexes.

No charge to you the renter … but not FREE!

Because the landlord pays the fees, the rental agent’s time is no charge to you, the renter.

When you find a quality agent who is willing to help with your search, it’s a good idea to maximize your productivity before the agent loses interest in your problems. Most rental agents (like most people) are good people and they care about their client’s needs. At the same time, there comes a point where the rental agent has to consider his/her own self-interests. Because the pay-off is so small for the agent, even the best rental agent loses interest very quickly if the renter has unrealistic expectations or if the renter isn’t ready to make a decision.

So, it’s in the renter’s best interest to take advantage of the rental agent’s expertise, but it makes sense to budget your time with the rental agent. For example, rather than using the rental agent’s gas or time to figure out what the renter wants, a smart renter approaches the rental agent with an idea of wants and needs, and then uses the rental agent’s expertise to secure the best possible residence.

No charge to you the renter … but not FREE!

Because the landlord pays the fees, the rental agent’s time is no charge to you, the renter.Near Huntington Metro

When you find a quality agent who is willing to help with your search, it’s a good idea to maximize your productivity before the agent loses interest in your problems. Most rental agents (like most people) are good people and they care about their client’s needs. At the same time, there comes a point where the rental agent has to consider his/her own self-interests. Because the pay-off is so small for the agent, even the best rental agent loses interest very quickly if the renter has unrealistic expectations or if the renter isn’t ready to make a decision.

So, it’s in the renter’s best interest to take advantage of the rental agent’s expertise, but it makes sense to budget your time with the rental agent. For example, rather than using the rental agent’s gas or time to figure out what the renter wants, a smart renter approaches the rental agent with an idea of wants and needs, and then uses the rental agent’s expertise to secure the best possible residence.

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