One of the many benefits of retirement is that you are not limited to your current location. If you are looking for the best place to retire and invest in high-end properties, look no further than Washington, DC.
Home to picturesque backdrops, bustling city life, historical significance, and access to the best arts, DC is one of the premier cities for retirees to own a luxury property. Washington, DC is one of the fastest moving luxury markets – elegant finishes; premium amenities are among the many high-end features found in DC homes. As you consider a big move, here are the things you need to know about investing in high-end properties in DC.
Numerous Communities
An important benefit of investing in high-end properties in the DC area is the numerous and theatrically different neighborhoods with the capital’s borders. There are several different areas inside DC, all with their own unique character and vibrancy, which means you can choose the community that best fits your lifestyle and expectations. Since you are looking for a high-end property, you may want to find a home in Fair Oaks, Bethesda, Rockville Centreville, and McLean.
Consistent Performance
No matter the kind of high-end property you are looking for, making sure you buy into a consistent and stable real estate market is a must, especially if you are a retiree. DC has proven to be an upward-moving and reliable real estate market, with properties continually selling above or at the listed price. While this may look challenging for people looking to buy in this market, it also offers vital information, including showing that DC houses are consistently in demand. You are almost guaranteed to see a considerable ROI if you decide to sell in the future.
Land Scarcity
DC has been the key to the country’s development, and due to its long tenure as a vital community, land has been developed to its full potential. With essentially limited land for sale to build new constructions, DC homes are even more highly valued. So, it can be a smart investment to own a property in the city as properties values continue to increases due to scarcity of land.
Rich History
Due to DC’s long history, rich social and cultural heritage, and a broad range of monuments, public sites, and museums, the state hosts millions of domestic and international tourists annually. The state provides great upside and doesn’t show any sign of slowing down anytime soon. Some of the houses in DC were built during the Civil War era. Famous structures include the William Brown House, the Old Stone House, and the Linden’s home.
Most of these houses were once owned by wealthy families, many in local and federal politics. While most buildings have undergone restorations and renovations, their historical significance remains intact.
If you are looking to retire and invest in high-end property in DC, contact The DC Team today. Our brilliant and licensed real estate team will help you find the best high-end property of your dreams.
