Thinking Of Renting When You Come To Fort Belvoir Or NGA? Let Me Be Candid With You

By
Real Estate Agent with Integrity Real Estate Group

Rental Shock at Fort Belvoir
We hear a lot of talk about it being a "buyer's market" in Northern Virginia. That may or may not be true depending on where you want to live. But without a doubt it has become a Landlord's market when it comes to rentals close to Fort Belvor or the new NGA facilty in Springfield.

At least two or three times a week I get an email request from someone relocating to the area. They want a reasonable commute to Fort Belvoir, NGA or access to public transportation to DC. Easy enough to do. Then the hard part or perhaps the reality part hits. Most often they want a a 3 or 4 bedroom detached home with a garage for under $2000 a month. Unfortunately reality is the rental prices for a detached homes meeting this criteria starts closer to $2300 and more likely will be $2500 or more per month.

The reaction is always the same...ouch...okay I cleaned it up a bit but the reality is landlord's are taking a look at the explosive growth and saying GOTCHA. Recently I talked to one of my clients who has been in the same rental for 3 years. They asked to renew their lease for another year and the landlord wanted them to increase their rent by almost $500 per month to stay. Sure enough when I ran the comps for them that was close to the current rent for other properties in the same neighborhood. They worked out solution but it was a shock to them how much prices had gone up.

If you are coming to the Fort Belvoir or NGA you need to be prepared. If you increase your commute time you will have better luck finding a nice home in Prince William County at the $2000 price point. If you want to stay close to your new job then take a deep breath and be prepared for rental sticker shock.

 

 

 

 

 

 

 

 

 

 

Posted by

                                   Real People*Real Lives*Real Estate

If you are interested in learning more about the Northern Virginia Real Estate market including Alexandria, Arlington, Fairfax and Prince William Counties give Cindy Jones and Integrity Real Estate Group a call at 703-346-2213.

Military Relocation Specialist serving military families relocating to and from the Pentagon, Fort Belvoir, Quantico MCB and all of the Military District of Washington installations. 

Military Relocation Professional


Check out www.varealestatetalk.com and www.cjrealtygroup.com for more information.

Integrity Real Estate Group
 
Real People*Real Life*Real Estate

Licensed in the Commonwealth of Virginia



 

 

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Susan Haughton 07/23/2011 05:40 PM
Topic:
Real Estate General Information
Location:
Virginia Fairfax County Fort Belvoir
Groups:
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Tags:
fort belvoir relocation
fort belvoir rentals
springfield va rentals
lake ridge rentals
belmont bay rentals

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Rainmaker
108,256
Deborah Bly
RE/MAX Space Center - League City, TX
RE/MAX Realtor

Cindy, Our prices for sale and for rent are really good here but franckly we sure are getting SICK of working rentals!

Jul 22, 2011 02:00 PM #1
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Gerry Michaels
Glasswork Media Arts - Gettysburg, PA
GettysburgGerry Social Meida

Great heads up, at least people will know whta to expect

Jul 22, 2011 03:03 PM #2
Rainer
31,270
Tim Brown
RE/MAX Corridor - Schertz, TX
Broker, ABR, GRI, SRES, TRLP

Although our rental prices are lower, the same applies for the greater San Antonio market. With the increase in Military and other government employment here, landlords are locking in solid rates. As you state, a good home is a good location will always get the asking price if it is in the market. Thanks for sharing!

Jul 22, 2011 04:35 PM #3
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Chris Ann Cleland
Long & Foster REALTORS®, Manassas, VA - Bristow, VA
Associate Broker, Northern VA

Show that Susan Haughton already reblogged this one.  The graphic is PERFECT for it.  The rental market is down right scary these days.

Jul 23, 2011 05:55 PM #4
Rainmaker
524,672
Dr. Stacey-Ann Baugh
Century 21 New Millennium - Upper Marlboro, MD
A doctor who makes house calls.

The rental market is definitely a landlord market right now, not just in VA but in most areas of MD too.

Jul 23, 2011 09:56 PM #5
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Barbara-Jo Roberts Berberi & Corinna Birgit Cromartie
Charles Rutenberg Realty - Palm Harbor, FL
Palm Harbor & Dunedin FL Residential Real Estate

Rentals are high right now because so many want to rent. We are seeing that everywhere.

Jul 24, 2011 05:17 PM #6
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Cindy Jones

Pentagon, Fort Belvoir & Quantico Real Estate News
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