Reply to Are we the only family in the DMV who is priced out?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It’s interesting that OP claims to be priced out but hasn’t given any criteria other than “single family home”.

OP - what are you looking for? Bedrooms/baths, square footage, yard space, etc? You can absolutely afford homes in Kingstowne, south Alexandria, Hayfield, Springfield, Burke, Kings Park, Fairfax Station, Fairfax City. Can you afford a 4Bedroom in Vienna or Arlington, no, but you absolutely have options. All the neighborhoods above have SFH for under $1M, and with your down payment and income you should be able to afford a $700K mortgage. The house may not be updated, but not updated doesn’t make it a year down.[/quote]

Some of these areas I have familiar with and have looked at but haven't found homes that[b] don't need a ton of work [/b]yet. Prices are coming down on these types of homes in some of those areas, so I'm hopeful we will find something in the next year. Others I hadn't been too, so I will look into those, too. NoVa does seem to have more options that DC and MD for people at our income level with the downpayment that we have.[/quote]

I wonder what the perception of a "ton of work" is? Foundation problems, non-working plumbing, kitchen cabinets falling apart, that is definitely a concern. Or is it just that the kitchen and bathrooms are functional but not updated to the latest style? Sometimes that's the compromise you have to make. I'm getting the idea that OP is like the house shoppers on HGTV who walk into a perfectly fine but not wow kitchen and insist this must be completely redone immediately, definite dealbreaker. And that kitchen that must be redone is nicer than the kitchen I've lived happily with for years![/quote]

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