The Real Cost of Buying a Home in Northern Virginia [2024]
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So you're thinking about buying a home in Northern Virginia but with interest rates and home prices on the rise, you're not quite sure on how much it’s actually going to cost you. In this week's video I’ll break it all down for you and share with you the Real cost of buying a home in Northern Virginia in 2024.
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David Massey-Real Estate Agent
Real Broker, LLC
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McLean, VA 22102
![True Cost of Living in Northern Virginia [MY PERSONAL COST OF LIVING EXPENSES UPDATED FOR 2024]](/img/d.gif)
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This is why I moved out of NoVa and happily moved to NC.
Another great video!! Keep them coming.
@LivinginNorthernVirginia
22 күн бұрын
Thanks for watching!
Closing cost is a scam. Title cost is a scam. Anything that is not the cost of the home is a scam.
I had a radon inspection done with a home inspection prior to my one year builder meeting. Highly recommend the radon test.
@LivinginNorthernVirginia
22 күн бұрын
How were your radon levels?
@Jim_Curtis
22 күн бұрын
@@LivinginNorthernVirginia Very low, average was like 0.5 or less. My home also has passive mitigation built in. I'm guessing yours probably does too.
Is it still possible to find a house in the 300K range (Not a condo) in NOVA?
Hi David, moving to the Ashburn area soon and wondering if there are any other sources to look at that you recommend in addition to the three sites(zillow, redfin, apartments) for renting a house?
@LivinginNorthernVirginia
22 күн бұрын
Hi Daniel, you will find about 99% of rentals on those 3 sites. Sometimes a landlord won't use a realtor and just post the listing on FB marketplace.
Where is the closet place to northern VA that is still affordable and not yet out of reach?
@LivinginNorthernVirginia
22 күн бұрын
I would check out Winchester, Stafford County and Fredericksburg
First of all if you're going to use "gross" income as a baseline then it really should be 25% rather than 30% as prescribed by conventional financial advisors. Or at least 30% of "net" income which gives the homeowner more wiggle room for extra expenses in the future and savings/investments. Also didn't you forget to mention buyer agent/broker fees?
No one from NoVA considers Leesburg as Northern Virginia just saying…
@LivinginNorthernVirginia
23 күн бұрын
I’ve never heard anyone from NOVA say that in 25 years. Leesburg is in Loudoun County, which is 1 of the 4 major counties in NOVA.
@kam5333
23 күн бұрын
@@LivinginNorthernVirginia Yes in the counties correct (and maybe its just a generational thing?) but we've often considered NoVA extends to Ashburn/South Riding/Manassas/Dale City to Arlington. Keep up the videos it's good content!
@daveblackman816
23 күн бұрын
Leesburg is totally part of nova lol
Put 6000$ to stock market every month for next 30 years then retire early 🤣