All posts by Patricia Licata

Build in Beautiful Lake of the Woods! 1122 Eastover LOT offered at $20,000 in Lake of the Woods, Virginia 22508

Have you always dreamed of living at the lake? Well look no further, start drawing up the plans for your new build and let’s get this lake life started! A private, gated, secured community, Lake of the Woods offers anything and everything you could possibly want. Home to two lakes (the 550 acre main lake and a 35 acre “fishing lake”), a golf course, an equestrian center, a fire and rescue department, and a church all within the gates, Lake of the Woods simply has it all. Whether your passion is boating, waterskiing, kayaking, golfing, horseback riding, or simply taking in the breathtaking views from the clubhouse while enjoying a fabulous meal, from your own deck or yard, or from one of the beaches, you won’t be disappointed! Perhaps you’d like a game of bridge or volunteering your time and talents…Lake of the Woods offers more than 60 clubs and/or organizations from which you may choose to become involved. Located in Orange County, we are fortunate to enjoy low real estate taxes. Coupled with home prices ranging from $100,000 to over $2,000,000, Lake of the Woods is the perfect community for both full-time residents, as well as weekenders. But don’t take my word for it, please come see for yourself! I will gladly give you a tour of Lake of the Woods by boat and by car so that you may experience why I love Lake of the Woods! For more info, click here!

Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by home owners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.

To see available Lake of the Woods properties, please visit our site.

Wanna build in Lake of the Woods? Now’s your chance! 1350 Lakeview LOT Offered at $29,900 in Lake of the Woods, Virginia 22508

Build your dream home on this wooded lot in beautiful Lake of the Woods. This lot is across the street from a boat marina which provides quick water access for kayaking, fishing, or putting your boat in the water. Come see what lake life is all about in this private, amenity filled, lake community. Enjoy your days golfing, boating, fishing, or dining at the clubhouse or golf course. Definitely a must see! for more info, click here!

$29,900.00 1350 Lakeview Parkway; Locust Grove; VA 22508

Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by home owners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.

To see available Lake of the Woods properties, please visit our site.

Is a Home Inspection Really Necessary? Why You Shouldn’t Skip This Important Step

Picture this: you’ve finally found the home of your dreams. It’s got all the features you’ve been searching for, and it’s in the perfect neighborhood. There can’t possibly be anything wrong with it…right? 

Though technically optional, a home inspection is highly recommended by most realtors, as it can save you thousands of dollars—or even prevent you from making a costly mistake all together. Here are some reasons why you need a home inspection before you move in—even if you don’t see anything wrong on the surface.

You Could Avoid Expensive Repairs

Person making repairs with an electric drill.

This is probably the biggest advantage of a home inspection. Certain problems can cost thousands to fix and may not be immediately visible. Wondering what kind of issues a home inspector can find and how much they’ll cost? Here are some of the biggest issues uncovered during home inspections (and typical costs to fix):

HVAC replacement: $4,000 – $12,000

Leaky roof: $300 – $2,000 for basic repair, $4,000 – $20,000+ for advanced repair

Foundation issues: $4,000 – $10,000

A great home inspector will fully sweep the home and point out any problems or potential issues. If there are any big-ticket expenses, you may want to reevaluate your purchase.

You’ll Protect Your Wallet

Person calculating expenses and creating a graph.

Buying a home is one of the biggest investments you can make, and a good investment will generate more capital than what you initially paid. While a well-maintained home in a prime location can be a fantastic investment, expensive repairs can turn it into a financial disaster.

Once you have an inspection report detailing all of the issues with the home, you can evaluate the cost of repairs to determine if it’s a good deal. If you aren’t satisfied, you can walk away without losing much money.

You Gain a Negotiation Tool

People with laptop exchanging a folder.

While not all properties will require major repairs, even new construction homes may have issues you’ll want to take care of before moving in. You can use your inspection report as a negotiation tool to potentially lower the price of the home. 

There are a few directions you can go from here. One option is to ask for money off of the price of the home so you can complete the repairs yourself. On the flip side, you can also ask the sellers to make the fixes as a condition of the sale. Either way, you’ll be saving yourself money in the long run. 

You Get the Full Picture 

Roof of red house with window.

While you may be in love with a home, it’s hard to know what potential issues to look for if you’re not a licensed professional. Think of a home inspection like a check-up, and the home inspector like a doctor—it’s the perfect opportunity to learn about the health of a home, from the roof down to the foundation. 

The inspector can diagnose all kinds of problems and tell you what needs to be fixed (and for how much). After the inspection, you’ll be handed a comprehensive report that gives you a full picture of the home’s condition, allowing you a more realistic look at the details that you might not have noticed before. 

Ready to Buy Your Next Home?

Buying a home can be a difficult decision, so make sure you have the tools you need to make a well-informed decision. For tips on smooth sailing during the buying process, give us a call so we can chat. We’ve got the resources you need to make the right choice.

Haven’t started the buying process yet? Check out our specialized search tool to find the home of your dreams, and let us know when you’re ready to get started.

Student Housing Real Estate Guide

One of the most crucial traits that any successful real estate investor must possess is the ability to spot a good opportunity. And in a market as volatile as real estate is these days; that’s not always easy. Keeping your hand on the pulse of the latest real estate development trends is a complicated thing. But there is one strategy that is always consistent in its success: becoming a student landlord.

Obviously, most landlords don’t feel comfortable renting to people who have probably never lived by themselvesin their lives; which is certainly correct. But despite such legitimate concerns, if you invest in a university-adjacent property, you could actually net quite a tidy profit. On average, a house that’s near a college campus can give you profits almost 40% higher than the same house in a different neighborhood. That’s precisely why we’ve prepared a guide for you right here!

The Benefits of Investing in Student Housing

Let’s face it – millions of brand-new students enroll in universities each year, all over the country. That’s why college towns are actually one of the most certain real estate investments when it comes to residential rental properties. You’ll never lack demand, as campuses will provide a source of new tenantswhenever you need them. And all of that competition will drive rents higher, which is great for property owners. 

So, if you’re looking to shore up your retirement strategy and expand your portfolio as a real estate investor, this is a great opportunity for all that and some neat passive income that doesn’t require much input past the initial investment. Andif you’re an investor who can’t boast with a huge marketing budget, all the better! Being a student landlord means your tenants will basically find you. 

This is a good idea for people who want to sell their home in a college area and move somewhere else as well – a great way to enter the real estate game! Just calculate your moving expenses in advance, and use the remainder of your disposable income to spruce up the place. You’ll soon have college tenants knocking on your door. And then, instead of selling your home, you’ll have a constant influx of steady profit. 

Rental Demand

So, just how good is the demand when it comes to rentals in college towns? The official statistics show that you definitely won’t be wrong in renting out student housing, from that perspective. Two years ago, The College Board published a study dealing with the average life of an undergraduate student. And one of the interesting pieces of information is the fact that almost 45% of students don’t live on campus. Obviously, these numbers slightly differ between private and public universities, with more people living on campus in private universities.

So, before you decide to sell your propertyfor a tidy profit, consider renting it out long-term to college students, gaining a respectable source of steady income in the process. And if you’re scared that this trend of high demand in college areas will change over time, you can rest easy! Earlier studies show that this is a trend that has been one of the most consistent ones in the entire real estate industry, even throughout the mortgage crisis of 2008!

Sure, rental demand in college towns sees tiny fluctuations throughout the academic year, but college towns still produce a consistent stream of housing demand; not just from students, but from the accompanying staff and professors.This makes such areas extremely attractive for mid-range investors. 

High Rental Yield

There are quite a few reasons why real estate investors are attracted to such a rental niche, but the main one is simply that it pays consistently. With the constant high demand in mind, it’s no wonder that college rental properties don’t have problems generating quite a steady cash flow for their owners, at least compared to traditional rental properties. A lot of students simply choose to search for housing off-campus, as living on campus can prove to be even more costly than renting a home. 

You can predict a sizable return on investment compared to traditional rental investments! /alt: A graph representing rental finances. 

As a study from relevant industry sources shows, real estate owners who decide to invest their resourcesin a student housing property can actually hope for a return on investment that’s bigger than 10%. To give you some perspective on that – many real estate owners and investors believe that a return on investment that’s higher than 5% is a pretty sweet deal. 

Tenant Expectations

One of the toughest things with residential rental properties is managing tenant expectations. But when your tenants are students, that isn’t too big of an issue. Remember – most of these people haven’t lived by themselves anywhere before, or they have just lived in a dorm room. So, especially since these are mostly young people, they don’t expect the condition of the property to be as pristine as a suburban family that’s renting out the place might. You can save quite a bit of money on the property investment alone. Trust us, the quality of the flooring and the perfection of the paint job isn’t something you’ll have to think about when you’re renting out to students. 

Tenant expectations are much lower when they are students! /alt: A student reading a book in a library. 

Conclusion

As you can conclude, renting to students is not such a daunting proposition as it first seems. Sure, you need to be prepared to deal with younger tenants, but the constantly top-tier demand and solid return on investment you can achieve is definitely a tantalizing idea. 

Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by home owners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.

To see available Lake of the Woods properties, please visit our site.

Gorgeous Home With Large Backyard in Louisa, VA! Offered at $239,900

Cool, calm and sophisticated with a youthful edge, this functional home is enveloped in light and comfort. The floor plan encompasses three spacious bedrooms with plenty of room for study, sleep and storage, two bathrooms. A sleek and stylish kitchen with crisp white cabinets that flows through to the dining room. The master bedroom, complete with walk-in closet. The large back yard would be great for swing set, volley ball net, trampoline! For more info, click here!

Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by home owners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.

To see available Lake of the Woods properties, please visit our site.

Open House in Downtown Fredericksburg! Saturday 8/31

This is one open house you don’t wanna miss! Join us at 712 Stuart Street on Saturday 8/31 from 1:00-4:00 PM as we showoff this gorgeous home in Historic Downtown Fredericksburg! (Click the address below for more pictures and information about the property)

712 Stuart Street Priced at $299,000

Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by home owners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.

To see available Lake of the Woods properties, please visit our site.

Beautiful Rental Home in Lake of the Woods, Virginia!

Beautiful lake front home available to rent for $2,000 a month! Spacious home with 3 bedrooms with the master on main level. Beautiful Florida room with an amazing view. A private, gated, secured community, Lake of the Woods offers anything and everything you could possibly want. Home to two lakes (the 550 acre main lake and a 35 acre “fishing lake”), a golf course, an equestrian center, a fire and rescue department, and a church all within the gates, Lake of the Woods simply has it all. Whether your passion is boating, water skiing, kayaking, golfing, horseback riding, or simply taking in the breathtaking views from the clubhouse while enjoying a fabulous meal, from your own deck or yard, or from one of the beaches, you won’t be disappointed! Perhaps you’d like a game of bridge or volunteering your time and talents…Lake of the Woods offers more than 60 clubs and/or organizations from which you may choose to become involved. Located in Orange County, we are fortunate to enjoy low real estate taxes. Coupled with home prices ranging from $100,000 to over $2,000,000, Lake of the Woods is the perfect community for both full-time residents, as well as weekenders. But don’t take my word for it, please come see for yourself! I will gladly give you a tour of Lake of the Woods by boat and by car so that you may experience why I love Lake of the Woods! For more info, click here!

Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by home owners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.

To see available Lake of the Woods properties, please visit our site.

Enchanted Open House

2 Open Houses in Lake of the Woods, VA Saturday 8/31

Have you been wanting to check out some of the available rental homes in Lake of the Woods? Nows your chance! On Saturday, August 31st we are happy to showing off two of the most beautiful rental properties that are available in the area. The first Open House will be at 128 Harrison Circle from 11:00-12:30 PM, and the second will be at 1351 Lakeview Parkway from 1:00-2:30 PM. We look forwarding to seeing you there! (Click the address below for more pictures and information about the properties)

128 Harrison Cir Priced Monthly at $2,100

1351 Lakeview Pkwy Priced Monthly at $2,000

Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by home owners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.

To see available Lake of the Woods properties, please visit our site.

OC Deputy Sheriff/TRIAD Coordinator to Address Civic Club

Please join the Civic Club on Wednesday, September 11, at 7pm in the Clubhouse Great Hall, as Deputy Sheriff/TRIAD Coordinator Ron Kesner will be providing important information to us. He will present the TRIAD programs administered by the Sheriff’s Office and its importance to the safety of community as a whole and to its senior population. Deputy Kesner coordinates senior citizen safety programs between the Sheriff’s Office, the State Attorney Generals’ office and senior citizens groups and/or senior citizen services organizations within the county of Orange.  The purpose is to promote senior citizen safety and help eliminate senior citizen victimization. 

Deputy Kesner is  a native Virginian, having been born in Covington.  He possesses 37 years of continuous law enforcement service.  He retired from the Albemarle County Police Department in 2009 as a Master Police Officer, Firearms Instructor, Driving Instructor, Bike Patrol Officer, Fatal Accident Reconstructionist, Special Operations Group Member and Academy Instructor.  He also had worked for the Louisa County Sheriff’s Office for 10 years and operated the Marine Unit Patrol Boat on Lake Anna as one of my duties.  Deputy Kesner joined the Orange Co. Sheriff’s Office in April of 2019 to fill the position of TRIAD Coordinator. 

We look forward to seeing you at the Clubhouse Great Hall on September 11th at 7pm!

Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by home owners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.

To see available Lake of the Woods properties, please visit our site.

Beautiful Home For Sale in Lake of the Woods, Virginia UNDER CONTRACT!

400 Wakefield Drive, Locust Grove, VA 22508

If you’re looking for expansive rooms with new paint and flooring, this is the one! You’ll find plenty of storage space for all of your water sport and boating equipment, in addition to fabulous seasonal lake views.

A private gated, secured community, Lake of the Woods offers anything and everything you could possibly want. Home to two lakes (the 550 acre main lake and a 35 acre “fishing lake”), a golf course, an equestrian center, a fire and rescue department, and a church all within the gates, Lake of the Woods simply has it all. Whether your passion is boating, water skiing, kayaking, golfing, horseback riding, or simply taking in the breathtaking views from the clubhouse while enjoying a fabulous meal, from your own deck or yard, or from one of the beaches, you won’t be disappointed! Perhaps you’d like a game of bridge or volunteering your time and talents…Lake of the Woods offers more than 60 clubs and/or organizations from which you may choose to become involved. Located in Orange County, we are fortunate to enjoy low real estate taxes. Coupled with home prices ranging from $100,000 to over $2,000,000, Lake of the Woods is the perfect community for both full-time residents, as well as weekenders. But don’t take my word for it, please come see for yourself! I will gladly give you a tour of Lake of the Woods by boat and by car so that you may experience why I love Lake of the Woods! For more info, click here!

Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by home owners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.

To see available Lake of the Woods properties, please visit our site.