Due to it being near the hub of the nation, Washington DC, affordable housing in northern Virginia is at a premium. Houses might reach seven figures, and still demand is at a high because so many people work for either the government or it's associated businesses and agencies. While some have high salaries, many civil servants will need to economize themselves.

When considering whether to buy or lease one's housing, factors favoring the purchase of a home would include high apartment rental rates, similar monthly costs in comparison, and an opportunity to build financial equity. Using those criteria, buying a condo in northern Virginia would be an excellent housing choice for many people who live or work in the area. The additional tax advantages and likely prospect of profit upon resale can sweeten home ownership even more.

Contacting northern Virginia real estate brokers is easy by telephone or online. This area is beautiful as well as being convenient to government offices and their illustrated ads point this out. A realtor can also answer questions about taxes, schools, commuting times and even weather. It is possible to buy other ways, but a real estate broker is the best choice for most people.

Condos are available at modest prices for the Alexandria VA real estate market. Finding property for less than $250,000 is difficult, but not impossible in the condo market. Remember to add the monthly maintenance fee to your budget. These fees can be substantial and can impact your financial planning.

Condos in Northern Virginia also serve to free homeowners from maintenance tasks they'd otherwise have to do or make arrangements for themselves (e.g. repairs, yard care, pool cleaning). These are included in the monthly cost. The effort saved is significant. Major work such as a new roof or re-doing plumbing/wiring can be covered by funds the condo association earmarks for these projects, though occasionally the condo will assess homeowners additional fees. As with all real estate contracts, review the terms carefully.

If you have potential sources for liability on your property (ex: a pool), you will need to consult with your insurance agent. Check about homeowner's coverage in case of lawsuits. You want protection for these types of cases. Try researching similar units to see what other rentals are charging. Double check you are getting a good deal. Northern Virginian condos might be a better solution (long or short term) than an expensive house or a rental that earns you no equity.