Nesbitt Realty is a full-time Realtor specializing in condos in the City of Alexandria. There’s a lot I like about this condo in 22314 in the City of Alexandria. But is it the right home for you?
I’d like to slow down to help you settle exactly what your hopes are on your purchase. You have a lot of options in the City of Alexandria. I’ll mention just a few of your many options:
- How much space do you need? How much space do you want? The average-sized home in Old Town Alexandria is 2,462.
- Do you want the most expensive condo in the neighborhood, like 506 Cameron St or do you prefer the least expensive unit like 1517 King.
- What type of heating system do you prefer? Electric? Maybe you like natural gas or the warmth of an oil furnace? The most typical heating system in this area is forced air.
- Residents at Old Town Alexandria enjoy additional benefits from this community.
Speak to a real estate professional at (703)765-0300.
How Old Are Similarly-Priced Condominiums For Sale In Alexandria?
|Recently built (2017 – 2020)||1 Active|
|Newer (2011 – 2016)||1 Active|
|Millennial (1998 – 2002)||3 Active|
|Late 20th Century (1983 – 1999)||3 Active|
|Mid 20th Century (1938 – 1982)||5 Active|
The amenities on a rental property can often be the deciding factor for many renters. The available amenities may make a less affordable property seem more appealing. Conversely, a property that is more expensive may be considered worthwhile if the amenities offered are considered valuable enough to compensate for the higher price. When making this decision, homeowners should consider their own personal preferences as well as their budgetary constraints to make an informed decision. Before making a decision to rent a property, the renter should carefully consider which amenities are necessary, which amenities are optional but highly desired, and how much the renter is willing to pay for these amenities.
What Amenities Do You Really Need?
Although many of the amenities offered by rental properties are not exactly necessary to live, there are some amenities that some renters would not consider renting a property without. An exercise room is one such example. While this is certainly not necessary, many renters prefer having this option. Without an onsite exercise facility, many renters would have to consider joining a gym for their exercise needs. This will likely increase the monthly expenses significantly and, depending on the location, may also make it inconvenient for the renter to visit the gym. An onsite exercise is significantly more convenient than traveling to a gym in another location. For this reason, many renters consider the added expense associated with an onsite exercise facility to be worthwhile.
Some renters may even consider only renting an apartment in a facility that has a pool. Although this is not a necessity some renters, especially in warm climates, might only consider living in a rental property where there is access to a pool especially if the majority of rental properties include this amenity.
What Amenities Do You Really Want?
In addition to the amenities a renter feels he needs, there are some amenities that may be desired as opposed to necessary. A movie theater may be an example of this type of amenity. Renters may not decide against a rental property that does not have this feature but may be more inclined to select a property that has this feature as opposed to one that does not as long as the price is comparable.
Meeting space may be another example of an amenity that may not be required but that many renters are willing to pay extra to have. Renters who entertain frequently may enjoy this type of amenity because it affords them extra space for entertaining. They may be able to easily invite eight or more people over for a dinner party if there is meeting space available but this might not be possible if the renter were confined to their apartment.
Are You Paying Too Much for Amenities?
While some amenities may be viewed as necessary and others may merely be viewed as worthwhile and still, others may be viewed as superfluous, the most important decision renters will have to make is how much they are willing to pay for these amenities. A comparison of shopping may be the best way to determine whether or not certain amenities are financially worthwhile.
Renters who are considering apartments of similar size in the same geographic region should consider the amenities offered as well as the price of the apartment. Apartments of similar size in the same area should be fairly close in price. However, an apartment that offers more advanced amenities might be significantly higher in price. Renters should list the available amenities and use this information in making cost comparisons. This information can be used to determine whether or not the renter is willing to pay a higher price for such amenities. Renters who conclude the additional cost is not warranted have determined that the prices of the amenities are not worthwhile to them and they are likely to choose the more affordable apartment which features fewer amenities.