Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Virginia > Northern Virginia
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 08-10-2008, 07:35 AM
 
1 posts, read 2,024 times
Reputation: 10

Advertisements

I am looking to buy a relatively new apartment in NOVA to rent out. I'm trying to get a feel for the rental market in Reston. I know its kind of far from DC, but is there decent demand for rentals?

Who would be my typical tenants? (ie. students, young professionals, etc.). I have not yet had the opportunity to visit yet, but have looked around Chantilly. Are the two neighborhoods fairly similar?

How hard has the downturn in the real estate market impacted the city, more specifically the price of condos. Any additional insights would be helpful. Thanks in advance.
Reply With Quote Quick reply to this message

 
Old 08-20-2008, 10:13 PM
 
3 posts, read 17,170 times
Reputation: 10
Well, if this helps, I'm actually someone looking to move to an apartment in Reston. I am a young professional moving from Michigan. To me, the prices of apartments and condo's seem on the higher side in Reston. Not being from the area, I can't really compare it to how they used to be.
Reply With Quote Quick reply to this message
 
Old 08-22-2008, 05:16 PM
 
12 posts, read 28,364 times
Reputation: 14
If you are looking to buy it flat out and using it as a tax shelter then you are all good. If you are looking to finance you should run numbers first to see what your maximum monthly payment on the place would be. Investment property is trickier to finance now but there are ways around problems. Reston in my opinion is the nicest place in Fairfax County where I have lived for about 25 years. Depending on which part of Reston things can be very different.

Moderator Cut: Real Estate Advertising

Last edited by FindingZen; 08-23-2008 at 05:56 PM..
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Virginia > Northern Virginia
Similar Threads

All times are GMT -6. The time now is 10:55 AM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top