If you purchased a home in the DC area, you are in luck. Property values continue to rise, a process which has been driven by factors such as the area’s strong school systems and job growth. Washington, DC and surrounding cities such as Bethesda, Maryland and Arlington, Virginia have the benefit of a host of local universities and strong public transportation options. Let’s take a closer look at why the DC area is in high demand, and why that is expected to continue for the foreseeable future.
1. Strong Schools
Southern Maryland and Northern Virginia are well-known for their strong K-12 schools. The area also has a plethora of higher education institutions, highlighted by colleges such as Georgetown and George Washington. These institutions bring, young, talented individuals to the area each year. Many of these students stay in the area after graduation, and they need a place to live. This drives up housing prices.
2. Continued Job Growth
Government contractors, military contractors, political consultants, and major law firms are all clustered in the DC area. Increasingly, technology firms are moving to the region. Amazon placed their second headquarters in Arlington, Virginia, and that has led to whispers that other technology companies could also make the move. Many technology companies have extensive employee needs, and their hiring needs bring more skilled workers into the region.
3. People Want To Live In The Area
Even after considering the employment and education opportunities, the DC-Maryland-Virginia area is just a very attractive place to live. The area has extensive entertainment options and great public transportation. There are professional basketball, baseball, football, and hockey teams. The area is increasingly becoming a cultural hub with museums and art shows. As the region’s attractiveness continues to increase relative to other metropolitan areas in the United States, its housing prices will also increase. A major reason for this is that the DC area has had issues with building out more housing in recent years. As long as the supply of housing lags behind the increasing demand, the prices will rise.If you are ready to sell your DC area property, then all you need to do is call 4 Brothers Buy Houses. You don’t have to go through the traditional process of hiring a real estate agent and listing your property on dozens of websites online. We would be happy to help you with the process, and you can get a free, no obligation quote anytime by simply giving us a call. Once we provide you with a quote, you can choose to move forward with the process on your own terms. We want to give DC area residents the option to sell properties when it is convenient for them even if you have tenants in the property! We are familiar with the DC rules of buying houses with tenants. Read more here. https://www.4brothersbuyhouses.com/selling-a-property-with-tenants-in-washington-d-c/