Category Archives: Luray

Culpeper Downtown Restaurant Week is happening Oct. 14-20, 2019!

Are you tired of eating at the same chain restaurants? Have you been wanting to check out all the various restaurants in downtown? If so, your opportunity is coming up! Culpeper Renaissance inc. is hosting the 11th Annual Fall Restaurant Week from October 14th – 20th. This week-long event is designed to get you away from the same boring restaurants that you’ve become accustomed to, and expand your dining horizon! Nine different restaurants will be featured, with specialty priced menu options. It’s time to release the shackles of chain restaurants, and send your tastebuds on a journey they won’t soon forget! If you would like to know more about this event, including a list of the participating restaurant, be sure to click here!

 Whether you’re looking for homes for sale in Fredericksburg, Stafford, Orange, Locust Grove, Norther Virginia or even Maryland or DC, we are your Real Estate team committed to finding the perfect home for you! Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar, and in a timely manner. Pricing your home accurately, one of our area expert advisors 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 properties, please visit our website lakeofthewoodsvirginia.com

Don’t Miss Schützenfest at Lake of the Woods on October 19, 2019!

Grab your clubs and mugs, because its time for the 2019 Schutzenfest at the 9th annual October Festival in Lake of the Woods; hosted by the LOW Thursday Men’s Industrial Golf League! Please join The Licata Group at the LOW Woods Center on Saturday, October 19th for a day full of German food, beer and and their very own Oompah Band! Golf will start at 9:00 AM, and will be a nine hole scramble. Food and drinks will be served from 11:00 AM-5:30 PM, and the LOWnBROW’s Oompah band will play from 1pm-5 PM.

The fun doesn’t stop there, as there will be plenty of activities that the whole family will enjoy; including a moon bounce for the kids, corn bag toss, horseshoes and more! Sign up for golf will be at the Pro Shop, and is $35 per person. This exciting event is being hosted by the LOW Thursday Men’s Industrial Golf League to benefit the LOW Swim Club. This is going to be one event that you don’t want to miss! For more information, be sure to click here. We hope to see you there!

Whether you’re looking for homes for sale in Fredericksburg, Stafford, Orange, Locust Grove, Norther Virginia or even Maryland or DC, we are your Real Estate team committed to finding the perfect home for you! Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar, and in a timely manner. Pricing your home accurately, one of our area expert advisors 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 properties, please visit our website lakeofthewoodsvirginia.com

Unbelievable Log Home For Sale in Lake of the Woods, VA 22508! 413 Birchside Cir Offered at $399,900

Walk to the beach from this stunning, expansive log home w/ fabulous features: hickory cabinets, wood floors, Spanish tile, beamed ceilings, double-sided fireplace,1st floor master & great appliances all on 1/2 acre flat lot w/ gorgeous landscaping. Wait until you see the huge bonus room off of kitchen! 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 the mid-$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! If you would like to see more information on this listing, 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.

Top 10 Features That Make Your Home Sell Faster

The first rule in home selling is to know your typical buyer. What most buyers would want to have in their homes is what will eventually sell it. How soon – this depends on how well it fits their needs. While you can’t fulfill everybody’s wishes, some features make your home sell faster than others.

What Buyers Want

You don’t have to get inside your buyer’s mind. Luckily, tips for selling a home are numerous and easy to find. They are based on surveys and statistics and are usually related to a specific market. While steam ovens and floor heating may be a good add-on to an upscale home, those upgrades simply won’t pay off for most sellers. What the majority of people want is a reliable, good-looking, practical, comfortable, and affordable home. The most common features that would make your home sell faster are

  1. Curb Appeal
  2. Ample Storage Space
  3. Sufficient Bedrooms
  4. Eat-in Kitchen
  5. Fresh Paint
  6. Energy-efficient Appliances & Windows
  7. Off-road Parking
  8. Renovated Bathrooms
  9. Hardwood Floors
  10. Modern Lighting

Start With Entrance

The first step to boost the appeal would be to declutter your home, which also applies to your yard if you have it. If the exterior of your house is impressive enough, only then the prospective buyer will come inside and check the rest. To sell your home faster, you need to show to your buyer that you took good care of your home. Nothing shouts good maintenance like a neat exterior. 

Outstanding curb appeal will make your home sell faster

You might not have enough space for a garden, however, even a small secluded patio with a pair of garden chairs or loungers and potted plants can create the feel of a cozy getaway that most new homeowners look for.

Room for the things

There aren’t many who can say that they have too much storage space. Those who need extra storage simply call Verified Movers and rent a storage facility but there is another option. With the help of experts, it is possible to create extra storage and exploit otherwise underutilized space. Additional space for belongings is especially important to families with kids because they have plenty of useful things they don’t want to dispose of even if they’re used only occasionally.

Walk-in pantry

In case there is enough extra space, usually 5×5 feet, creating a walk-in pantry in the kitchen is a big bonus. Non-perishables stored at the arms reach is something most would prefer. Even more so because they can save on the deals of bulk purchases. Walk-in pantries are affordable add-ons highly appreciated by families.

A kitchen with a walk-in pantry is a great asset

Walk-in closet

On the other hand, walk-in closets are added to master bedrooms and are perfect for empty-nesters in love with neatly organized apparel, jewelry, and accessories. This feature can be made as a part of the existing bedroom or placed in a separate, smaller room. Organizers and many shelving units are worth their price. Walk-in closets are perfect for couples who share storage space and are highly ranked among other features.

That extra bedroom

Nothing attracts buyers more than a cozy extra bedroom. A guest bedroom is best suited for loft space. After all, having a new bedroom in the attic is much better than blocking the garage. If you opt for the renovation of your loft space, consider adding a new small bathroom or at least a WC.

Hearth of your home

Making an eat-in kitchen would leave a good impression on families with children. Resurfacing cabinets and repainting walls is the least you can do to make your kitchen more attractive. A new trend and a highly popular and affordable one is adding lighting under cabinets. The effect is to give your kitchen depth and visually make the ceiling higher. 

There is nothing as attractive as new appliances so the first and most important on the list should be a fridge. Prospective buyers are impressed with spacious and clean refrigerators as this is the appliance they will use the most.

A new coat

The most affordable and yet the best investment is fresh paint. Repainting your walls and ceilings and adding a new coat on the outside leaves a good first impression. Natural lighting is one of the most beneficial features a home could have. Bright walls that reflect natural light will make space visually larger and have a good psychological effect on visitors. If you wish to attract buyers moving to Virginia from another state, for example, you should stick to neutral colors, appealing to many.

Energy-efficient walls, windows, and appliances

If nothing else makes people care about the environment it’s the savings they secure by installing energy-efficient windows, adding insulation to their walls and purchasing energy star rated appliances. Any of these features would greatly appeal to millennials. They are both environmentally and financially conscious. Keeping the heat inside will help them keep their cool, too.

Room for your car

It is difficult to imagine getting anywhere without a car nowadays and having an (at least one) parking slot is a big asset to a home. If your garage space has been repurposed, make sure that you keep at least one off-road parking slot. 

One of the first things buyers ask the real estate agents is if there’s a garage/parking space available. You too might need to hire a lawyer or a real estate agent if you’re buying a new property at the same time you’re selling. A garage can serve as additional storage and as such is indispensable.

Fresh & Clean

A tidy and crisp bathroom is a feature no one is immune to, and refurbishing one is a must. A bathroom is perhaps the only room in the house that is easy to look luxurious and impressive with a relatively small investment.

Hardwood floors

Hardwood floors are durable and lasting and as a feature, they appeal to everybody. And why not; they are easy to maintain and keep clean.

Interior and exterior lighting

Modern exterior lighting is an add-on that sets your house apart. While an exterior illumination boosts your curb appeal, interior lighting is an affordable feature that will make your home sell faster.

Whether you’re looking for homes for sale in Fredericksburg, Stafford, Orange, Locust Grove, Norther Virginia or even Maryland or DC, we are your Real Estate team committed to finding the perfect home for you! Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar, and in a timely manner. Pricing your home accurately, one of our area expert advisors 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 properties, please visit our website lakeofthewoodsvirginia.com

Golf Course LOT For Sale in Lake of the Woods, Virginia! 1315 Eastover Pkwy Now UNDER CONTRACT!

Build your dream home on this golf course lot! Beautiful views of the 14th fairway and pond. Lot located in a Cul-de-sac. Come see what the lake life is all about in this gated, amenity filled, lake community. Enjoy your days golfing, boating, fishing, or dining at the Clubhouse! For more information about this lot, 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.

New Listing in Lake of the Woods, VA 22508! 309 Liberty Blvd Now Under Contract!

You’ll love the incredible amount of space provided in this stunning home boasting a cozy electric fireplace, new flooring, paint, and appliances! If you feel like venturing out, Lake of the Woods will not disappoint! 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 the low $100,000s 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 about the property, be sure to 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.

Spectacular Home For Sale in Lake of the Woods, Va! 308 Wilderness Dr, Offered at $334,900

Enjoy coffee on the screened porch of this fabulously renovated home conveniently situated by the front gate and Clubhouse/beach/fitness cente. The new hardwood floors, granite counter tops, appliances, and fresh paint will wow you! You’ll appreciate the expansive first floor master bedroom with a large walk-in closet. Feel like venturing out, Lake of the Woods will not disappoint! 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, be sure to 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.

Just Listed in Lake of the Woods,VA! 506 Birdie Road Now UNDER CONTRACT!

Entertain in grand style in this amazing home! All wood floors on main level, with an entry level family room. Cathedral ceilings in living room with an all brick gas fireplace. The master bedroom has french doors leading to deck. Enjoy a cup of coffee in the morning looking out to the golf course. 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 the mid-$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, be sure to 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.

Should You Hire a Real Estate Agent or Lawyer When Buying a Property

When you’re thinking about buying property, one of the first questions that pop to mind is, “Should I do this on my own or hire some assistance?” In a huge majority of cases, the answer is that doing everything on your own will make the process much, much harder, and we’d also be very surprised if you got a good deal without some assistance. In most cases, the only real question is: “Should I hire a real estate agent or a lawyer?” Both can be of invaluable assistance when it’s time to buy a property, but the ways they can help differ. 

Why You Should Hire a Lawyer

What makes a real estate agent different from a lawyer when it comes to buying a property? First of all, by law, real estate agents cannot give legal advice. While you are not obligated by law to hire a lawyer when buying a property here (unlike in some other states), you may have some legal questions that only a lawyer can answer. For example, you may want to rent a property for some time (let’s say for a year) before making the decision on whether you should buy the property or not. If the seller agrees to that, an attorney can draft this unusual contract and provide legal advice on the matter that a real estate agent could not.

A good lawyer will help you by answering all the legal questions that a real estate agent cannot lawfully answer.

As lawyers charge an hourly fee, before buying a property and moving in with the help of experienced professionals from dumbomoving.com, it’s a good idea to make a list of all the legal questions you may have and arrange a meeting with an attorney. Then, you can ask everything you need, as well as make arrangements on all the additional services you may need that a real estate agent can’t help you with (drafting the contract from the previous paragraph, for example).

Why You Should Hire a Real Estate Agent

While a lawyer will help you with some specific parts of the home buying procedure, you’ll still need to hire a real estate agent as well. A real estate professional will be with you every step of the way, acting as a sort of a guide to your home buying process. And if you’re buying a property, you’ll be pleased to learn that sellers are the ones who will pay the agents of both parties. The commission is usually 10 percent of the arranged home price, divided equally between the two agents. The logic behind this rule is that sellers will be receiving a lot of money, and so they should be the ones to pay all agents who will take care of the buying-selling process.

So, if you hire a real estate agent, your wallet won’t have a problem with that; you will basically get an invaluable service for free. And what exactly does that service entail? Buying a property is a complex procedure – lots of paperwork will need to be done, inspectors will need to be hired, a comparative home prices analysis will need to be prepared, etc. While some lawyers will try to convince you that they can do everything on their own, that is most often not the case. Real estate professionals will be better at all of these tasks, simply because they have dedicated their lives to buying and selling real estate; they have much more experience and they know how to use it.

Apart from many other ways that a real estate agent can help you, he or she will be able to find a perfect house for you in the specified neighborhood.

This gives them an edge in all sorts of home-buying tasks. Apart from the ones we have already mentioned, they are also much better at negotiating. Let’s say that, for example, some parts of the home will need to be fixed. You’ll need to determine whether you or the seller will be the one who has to make these repairs. In this case, a good real estate agent will help you negotiate an arrangement that is better for you financially. What’s more, an experienced real estate agent who is a good fit for you will be acquainted with the neighborhood where you’re looking for your dream home. He or she will know just what to look for based on your description.

Additional Things to Have in Mind

So, should you hire a real estate agent or a lawyer? The answer is – why not both? Combining the individual strengths of these two professions will get you the best deal. Rely on attorneys for legal advice that a real estate agent cannot offer, and hire a real estate agent for everything else.

Before you hire a real estate agent and a lawyer who will seal the deal, you’ll need to have some things in mind. Alt text: A man signing a contract.

Still, simply hiring any real estate agent and lawyer is not enough; you will need to find a dependable and competent real estate agent, and the same goes for your lawyer. Here is what to look out for:

  • Sometimes, it may so happen that an opportunity to share a real estate agent with the seller emerges. In our opinion, that would be wrong to do. As real estate agents make a living off of commissions, they might be looking for the sellers’ best interest in this situation and not yours. Ethical agents who won’t do this certainly exist, but it’s best to be on the safe side anyway.
  • Real estate agents may press you to offer a higher price because of similarly unethical reasons. The more you pay, the larger their commission, after all. What’s more, some of them will be afraid to negotiate because doing so might mean that they won’t get to close the deal. If it seems that your agent doesn’t respect your opinion and is only looking to close the deal as soon as possible, it is best to find a different agent. Doing research on your own regarding home prices in the given neighborhood will help you avoid such unpleasant situations.
  • Most lawyers prefer to be hired and paid only after the home buying process is complete. However, it may suit you more to only pay for one consulting session or one or two specific tasks. That can be arranged, just have the arrangement in writing (better safe than sorry).

Whether you’re looking for homes for sale in Fredericksburg, Stafford, Orange, Locust Grove, Norther Virginia or even Maryland or DC, we are your Real Estate team committed to finding the perfect home for you! Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar, and in a timely manner. Pricing your home accurately, one of our area expert advisors 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 properties, please visit our website lakeofthewoodsvirginia.com

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.