Even as home prices continue to climb, there’s never been a better time to get your foot in the door when it comes to real estate investing.
You don’t need a lot of money to diversify your portfolio—in fact, you have more options than you might think!
Whether you’re an experienced investor or a first-timer, you’ll want to work with the right agent to score a great deal.
What Buyers Need to Know About Real Estate Investing
Even if you haven’t bought or sold a house this year, you’ve probably heard wild predictions and statistics about the real estate market. As prices keep skyrocketing, would-be and experienced investors alike are wondering if now is the right time to add to their portfolios. Believe it or not, now might be a once-in-a-lifetime opportunity to purchase an income-generating property—and there are countless options from which to choose.
Still on the fence? Here are a few quick tips and tricks you need to know before investing in real estate.
Real estate investment isn’t only for the rich
Despite what popular shows on HGTV might tell you, real estate investing is something anyone can accomplish with careful planning and saving. You don’t even need any experience to get started—but having the help of a real estate agent will make all the difference.
Start by working with an agent who knows your local investment market. Based on your budget and goals, they’ll help you select a property that meets your needs and offers a high return on investment. Don’t just limit yourself to fixer-uppers—it’s worth considering land, single- or multi-family homes and condos, office space, or warehouses, too.
With a little sweat equity, you can easily turn any investment into an income-generating property that will help you pay off your mortgage. The easiest way to do this involves renting your property out to tenants. Over the last decade, the average rent has increased by more than 30%—so if you plan on keeping your property for a long time, you’ll be able to turn an impressive profit while building equity.
Mortgage rates remain low
One of the biggest mistakes that any investor can make is trying to time the market. While it may seem tempting to wait until a recession for prices to decrease, it’s impossible to predict how the market will fluctuate over time. And even as prices continue rising, you’ll want to factor low mortgage rates into the equation.
Lower mortgage rates make real estate investing more affordable. As of November 2021, the average 30-year fixed mortgage rate hovers around 3.4%, which is roughly a full percentage point lower than it was in 2018. Let’s put that into perspective—if you purchase a $400,000 property with a 20% down payment, you’d pay around $1,419 per month. But if you bought the same asset with a 4.4% rate, that monthly payment would skyrocket by more than $200, which adds up over time.
First-timers can start small
Even if you aren’t a current homeowner, real estate investing isn’t out of your reach. Some smart investors actually use their primary residence to generate extra money on the side. Once you establish a cash flow, you can start saving up for an even bigger investment down the line.
Wondering how you can start investing in real estate without a lot of capital? Real estate investment trusts (REITs) let you pool your money together with other investors and earn dividends, so you won’t have to buy or manage your own property. Many millennials have even tried “house hacking,” which involves buying a home and renting out rooms to offset a mortgage. And for an even simpler way to invest, consider land—some plots are available for just a few thousand dollars, and they’ll likely increase in value over time.
Work with Real Estate Investment Experts
Even if you already have a few assets under your belt, now is the time to diversify your investment portfolio! We have ample experience helping investors just like you, and we’d love to help you find an income-generating property that checks all the boxes.
Need to sell an investment property? We can certainly help with that, too!
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 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, 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.
If you’re interested in purchasing the Official 2021 White House Christmas Ornament, look no further than the Lioness Lions Club right here in Lake of the Woods, Virginia.
This beautiful ornament is only $22 each. To purchase, or for more information, please contact Darcy Jennings at 703-772-2080 or Kathy Merritt at 540-538-6605.
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 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, 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.
Welcome to 612 Mt Pleasant Drive! This beautifully renovated cottage is nestled in the trees of amenity-rich Lake of the Woods. Once inside, you will be in awe of the fine finishes and attention to detail. The open floor plan, skylights and the amazing use of space just add to the wow factor you feel when you walk in. The covered deck is perfect for relaxing or entertaining as well as sitting on the front porch with your favorite book just taking everything in. The oversized two-car garage is 24 x 24 and is big enough for all your toys, cars and has room for the perfect workshop.
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 $250,000+ 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!
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 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, 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.
Imagine the memories you’ll make! Spectacular sunsets from the perfect lake home or dock designed by you and built for you are just the beginning! This deep, incredibly beautiful main lake wooded lot offers 64 feet of sensational, clean and clear water frontage that is the perfect backdrop for your new lake home! Whether you enjoy your day on the boat, kayak, jet ski, simply swimming or floating from your dock, or entertaining family and friends, this lot provides the ideal setting for your dream home. So let’s get this lake home and lake life started! Situated on the main lake, you’ll love the lifestyle! If you also enjoy history and/or hiking, your new home will be across the street from the Wilderness Battlefield walking trials for easy access.
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 the mid-$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!
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 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, 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.
Welcome to 204 Westover Pkwy! Gorgeous and completely renovated, this immaculate Cape Cod sits on a beautifully landscaped lot and is in close proximity to the main entrance gate, golf course, and within walking distance to the beach. From the moment you arrive, you’ll know you are home. Gorgeous, beaming hardwood floors and fine features welcome you as you enter. No expense was spared in the chef’s kitchen, which impresses with stunning granite counter tops, stainless-steel appliances, and upgraded cabinets. The warm and inviting living room, centered by a stunning floor to ceiling, brick fireplace with insert for those cool nights, flows effortlessly into the kitchen. You will be wowed by the staircase and iron railings as you ascend the stairs. The primary bedroom is oversized with abundant storage, including a separate walk-in closet, a quaint window seat for quick escapes, and an additional storage closet. Upstairs you will also find two additional bedrooms, newly renovated full bathroom with wood look ceramic tile, and flex space at the top of the stairs perfect for a small office with additional storage. You will enjoy the expansive back deck both morning and night, so bring your coffee or wine, and make this house your home!
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 the mid-$200,000s 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!
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 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, 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.
Welcome to 11093 Dulin Lane! This incredibly beautiful 33+ acres is a hunter’s dream! There are several buildings on the property to include a primitive sleeping cabin with electric, a metal building that has a concrete floor that is 35 x 48 with electricity, an outhouse, a barn and there are two wells on the property. You could also build your dream home, have a farm with livestock, the opportunities are endless. You will love the wonderful views, trees/wooded, pasture views, creek and open land.
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 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, 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.
1 sold between $130-199,999; 4 sold between $200-249,999; 7 sold between $250,000-299,999; 6 sold between $300-349,999; 6 sold between $350,000-399,999; 4 sold between $400-499,999; 3 homes sold over $500,000;
24 Active/Coming Soon Listings for Sale 41 Homes Under Contract 280 Homes Sold since January 1, 2021.
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 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, 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
As a seller, you have to consider which home renovations are worth spending the additional time and money on before you list.
The local market is starting to shift towards buyers, so now is the time to sell your home before prices flatten out.
Lean on our expertise to determine which projects will increase your return on investment—we have the seller resources you need to enhance your home sale.
Does Your Home’s Right Buyer Want a Move-in Ready Home?
Many sellers are wondering whether they should sell their homes as-is (without any improvements) or delay listing their properties to complete some renovations. With the upcoming market shift, it’s important for sellers to consider which improvements are worth spending additional time on before listing. And while there is no surefire answer, we always recommend relying on your listing agent’s expertise to navigate the home-selling process.
Your listing agent should have insight into the right buyers for your particular home, so consult with them to ensure your property is catering to its target market. According to Rocket Mortgage, the average price of a move-in ready property is $250,495, compared to the discounted $199,819 price tag of the average fixer-upper. So if you’re a homeowner wondering if renovations will attract more buyers, the answer is that it really depends on how much time and effort you want to put in. And while we can’t predict what every buyer’s preference will be, we do have some strategies to determine if certain projects are worth the selling delay.
Return on investment should be top of mind
When it comes to selling homes, we always have the same top priority—earning you top dollar. Selling your home for the best possible price should be your ultimate goal; so you have to ask yourself how you’re going to accomplish that. When in doubt, here are two things to consider: which improvements will be worth the additional costs, and which projects will gain the greatest return on your investment.
To put it plainly, some renovations simply aren’t worth the additional costs. You have to be strategic when deciding which renovations to make—and on the flip side, you also have to consider what buyers want. For instance, a home’s kitchen is always a huge selling point, so that may be a good place to implement some changes.
Minimal upgrades may be the way to go
As a seller, you have to consider both your budget and timeline before you list. If you want to sell your home quickly, then you probably shouldn’t tackle a full-fledged kitchen remodel. However, if you’re determined to earn an extra dime by doing a long list of renovations, then you just have to be okay with the selling delay.
Throughout our years of successful home sales, we’ve noticed a common theme: minor upgrades have huge earning potential. Completing a few short-term projects, such as painting interior walls or sprucing up your landscaping, won’t take long. However, they’ll certainly amp up your home’s appearance. Plus, a few tweaks here and there—replacing door knobs, updating light fixtures, or fixing leaky faucets—will take your home from a work in progress to a move-in ready masterpiece.
Sell now before the market shifts
You may be wondering, what’s the big rush? Well, real estate experts are predicting a market shift—so by waiting to sell your home, you could lose out on thousands of dollars of equity. Increased housing inventory and slower price appreciation are just two indicators of the upcoming shift. As new inventory begins to increase, now is the time to list your home before prices level out.
Put Success on Your Side
In today’s shifting market, you have to move quickly towards what you want. If you’re unsure of what steps to take next, our team is prepared to walk you through the home-selling process—and we’re here to ensure you receive the highest return on your investment. Contact us to learn more about listing your home, or you can always come to us with any selling questions!
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 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, 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.
Welcome to 701 Confederate Drive!! This well-maintained, beautiful Lake of the Woods home is located near the member-only back gate. You are welcomed by the inviting front porch as you drive up. Once inside, you will fall in love with the updated kitchen featuring newer cabinets, granite countertops, island with breakfast bar, and breakfast area. The open floor plan will make entertaining and everyday life a breeze. The family room is spacious with access to the deck. The owner’s suite with an en-suite bath, two other spacious bedrooms, and another full bath, finish the main level. The lower level is finished with an expansive family room, another bedroom, and full bath. Imagine sitting on your deck listing to the sounds of nature overlooking your private, level backyard. 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 the mid-$200,000s to over $2,000,000, Lake of the Woods is the perfect community for both full-time residents, and 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!
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 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, 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.
Welcome to 105 Sagun Drive, boasting fresh paint and carpet, kitchen cabinets, granite countertops, and so much more! The roof was replaced in 2018! If space and privacy are what you crave, then this is the one! As you arrive, you’ll immediately notice the brick accents and landscaping. As you enter, you will be delighted by the light-filled, spacious living room. Two bedrooms are located on the main level, along with a full bath. As you continue through the house to the lower level, you’ll find an additional bedroom and full bath, along with the spacious family room. The incredible fenced-in private backyard, perfect for family, pets, or a garden, is sure to please! And wait until you see the newer deck! Minutes from Rt 1, I95, restaurants and shopping, you simply can’t beat the location.
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 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, 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.
