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You don’t need to wait for the “perfect” time to sell your home as the stars are all aligned for your real estate success this 2016. Here are a few reasons why.

1. Real estate inventories are low and demand is consistent. There is so much demand for real estate in the DC-area, there aren’t enough homes to accommodate all interested home buyers.

Choosing to sell your home this year without further ado might help you snag a great deal in a relatively short period of time. Remember: where there is demand, there should be an adequate supply.

2. Increased home values. The D.C.-area is becoming highly coveted by the day, and experts predict home values and median home prices will continue to increase this year. Coupled with the rise of mortgage rates, the odds of selling your home for a great price is high.

3. Continued development. More and more neighborhoods in the DC-area are gaining reputation as the “next big thing,” all thanks to the steady stream of investment and development in these communities.

If your home is located on one of these up-and-coming neighborhoods, you might see a significant rise in home values.

4. Move-in ready homes are highly coveted. Real estate market trends predict that home sellers with move-in ready properties are more likely to gain the attention of prospective buyers simply for all the basic amenities and facilities already installed.

Homebuyers are looking for such properties as this saves them a lot of time and money from any renovations or repairs.

5. Increased consumer confidence. With the job market slowly getting back on track, more and more people are gaining confidence in making big purchases.

With increased consumer confidence, you can expect the number of prospective buyers in the D.C.-area (and even from beyond) rise, thereby increasing your chances of making a better profit.

All in all, real estate experts and market trends point to the fact that 2016 will be a stellar year for Washington, DC real estate. For more information about selling your home, log on to this page.

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With temperatures reaching up to a hundred degrees between July and August, the best way to describe summer in the D.C. area is “hot and humid,” — a combination that can be dangerous to your health.

To keep yourself cool this summer, follow these simple tips.

1. Stay indoors. The best way to avoid heat is to stay within the comforts of your own home. If you’re going out, try not to be overexposed to the sun and avoid activities such as gardening and sports. If you really must partake in a strenuous activity, do it in the early morning, when the temperature is cooler.

2. Stay hydrated. To combat dehydration, drink plenty of water and stay away from carbonated drinks as well as liquids that contain alcohol or caffeine. Aside from dehydration, not drinking enough water can lead to exhaustion, head stroke, or cramps.

3. Avoid wearing dark colors. It’s not just a fashion statement, but a conscious style choice. Dark colors trap heat, while light-colored clothing are considerably more breezy and will help you keep cool. Don’t forget to complete your look with a nice pair of sunglasses and even a hat.

4. Wear sunscreen. Protect yourself from UV rays and wear a sunscreen with at least 30 SPF. If you’re going out swimming, remember to re-apply sunblock once in a while. If you want to be eco-friendly, choose sunscreen without the harmful chemicals said to contribute to coral bleaching. Not only are you keeping yourself safe, you’re lending the environment a helping hand as well.

5. Don’t leave pets or young children in a car. Even if you’ll be back in a jiffy, it’s best not to leave your pets or kids in a car in broad daylight. If you have no choice, make sure the engine is running, the car on park, and the air condition working. Animals and kids trapped in hot cars can suffer from heatstroke or even death.

If you’ve got no air conditioning and you’ve no desire to go swimming, go to the nearest mall, library, or cafe, where you can find reprieve from the unbearable heat. Keep yourself and your loved ones safe to make this summer a memorable one.

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Here are some of the latest additions (or soon-to-be additions) to the real estate market in the neighborhoods of Columbia Heights, Kalorama, and Woodley Park.

Woodley Park

1. Marriott Wardman Park Hotel Redevelopment – Currently a planned project, this hotel redevelopment plan will transform the hotel into a condo or rental.

2. Wardman Tower – Already under construction and currently selling units, Wardman Tower will be a 32-unit condo development located in Woodley Park.

3. The Woodley – A rental development, The Woodley features 212 units. Developers are currently leasing up.

4. South Cathedral Mansions – Currently under construction, South Cathedral Mansions will feature 165 units available for rent.

Kalorama

1. The Calistoga – Developed by MMG Development, The Calistoga is a 5-story residential building with 9 condo units and a restored historic garage billed as the oldest garage in Washington, D.C.

2. Kalorama West – This 117-unit apartment building in Kalorama Road is currently under construction.

Columbia Heights

1. Victoria – Victoria has 16 units up for sale and features access to private courtyards and underground parking, among other amenities. Units range from one- to two-bedroom units to duplex penthouses.

2. The Apex – The Apex is a 20-unit condo development currently under construction in Columbia Heights. It’s strategically located near several establishments and the Columbia Heights metro stop.

3. The Helicopter Factory – A planned development, The Helicopter Factory will feature 15 condo units (14 duplex units and one three-level residence).

4. Lawrence House – A boutique condo currently under construction in Columbia Heights, Lawrence House will feature 30 units, two of which are penthouses with dens and roof decks.

5. 2914 Sherman Avenue NW – A project from Madison Investments, this new condo development under construction will house 15 two-bedroom units and 5 one-bedroom units.

6. 1315 Clifton Street NW – A planned rental development, this six-story project will feature 159 residential units available in different price points. Underground parking spaces and bicycle parking spots are just some of the planned amenities.

7. Meridian Hill Hall Redevelopment – Once a part of the Howard University campus, the Meridian Hill Hall is set to be renovated into a residential building with 200 rental units.

For more information on other real estate developments in the D.C. area, check out this page.

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Remodeling your home is always a good idea if you’re looking to update your property. It can be an extravagant renovation or a simple upgrade that will make your life easier and will give your home a fresh spin. Before you start your project, here are a couple of remodeling tips to bear in mind.

1. Hire people who understand what you want to achieve. As your home is the largest investment you’ll ever make in your life, it pays in the long term to surround yourself with people who understand the vision for your remodeling project.

A team of experts and professionals who get what you want will make it easier for you to achieve your desired finished product.

2. Dream big. For one moment, don’t think about financial constraints. List down all the things you want in your home, and then cross out everything you can live without.

Now that you have your must-haves, prioritizing remodeling projects will be easier and can even help you drive up your property’s value.

3. Plan accordingly. This is where the financial aspect comes in. Before you start drilling holes and installing upgrades, have a couple of contractors come through to give you a quote on everything.

This will help you research properly and plan out your remodeling project well, from choosing the right kind of materials to upgrades that will increase your the property value.

4. Avoid fads. Dream big, but think in the long term and avoid any kind of renovations that may go in and out of style in a short period of time. Be bold, but don’t forget your home’s resale value. You can still go all out and, at the same time, lend your property a timeless feel that will resonate to a large group of potential buyers.

5. Don’t be afraid to repurpose. Renovating your home doesn’t mean you have to throw out and replace everything. Consider items that you can use again, and look up DIY projects that can give these items a fresh look.

Remodeling a home is always an exciting step in every homeowner’s life. Consider these tips and I wish you all the success in your project.

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Once you’ve found the condo of your choice and secured financing, you’re ready to place an offer on the unit. But before you do that, go through the checklist below.

1. Look at the unit’s sales history
   Research the building’s sales history and pricing information on similar units that have been sold prior. This will help justify the price stated in your offer letter.
2. Find out why the unit is being sold
   Is the seller under any pressure to sell as soon as possible? If so, it’s the kind of information you can use to your benefit at the opportune time.
3. Ask if other buyers have made offers
   If there are other bidders, you’ll have to make an offer that’s close to the listing price. However, you should still withhold your true level of interest to retain the upper hand.
4. Keep your finances confidential
   Avoid talking about financial information in the presence of selling agents. This might give them the impression that you can afford more, or that you’re not qualified as a buyer.
5. Don’t make lowball offers
   Making a really low offer could offend the seller and dissuade them from doing any business with you. Consult with your Realtor to make an informed offer.
6. Set a ceiling
   Determine how much you’re willing to pay for a unit. This will guide your decisions, and will let you know when to walk away from negotiations.
7. Avoid seeming too eager
   Remain neutral during talks with the seller. This keeps the other party from thinking that they can appeal to your emotions when negotiating.
8. Don’t give your best offer right away
   Putting everything on the table at once will make the seller think that you’re hoping to get more than you can expect. Proceed with your offer and concessions gradually.
9. Discuss the counteroffer with your Realtor
   The amount of the counteroffer is an indication of how low the seller is willing to go. Talk to your Realtor and come up with a price you think is fair.
10. Don’t ask for additional concessions
    If the seller agrees to lower the price, don’t push your luck by asking for more concessions. Arrive at a compromise in order to close the deal.

To learn more, check out our comprehensive Buyers’ Guide. You can also call 410.371.0581 and 202.483.6300 or email andy@LNF.com.

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Make the process of selling or buying a home easier by laying down the groundwork. Here’s what you need to do before hiring a real estate agent.

1. Familiarize yourself with home values in the area
   You probably have an idea of how much your home should sell for, but check comparable home values. Market conditions may have changed since you last bought property. Research will help you and the agent come up with a workable plan.
2. Check your mortgage
   Go through your loan documents and look at how much you still owe on the mortgage. Knowing the precise amount will help the Realtor formulate the right selling strategy. It will also help you determine if you should list your home or wait it out, depending on how much you still owe versus market value.
3. Pinpoint liens and disputes
   Identify any disputes with neighbors and contractors, as well as tax issues that can make a creditor put a lien on your home. If you’re selling a deceased family member’s home, make sure that the property has a clean title.
4. Increase your home’s curb appeal
   Make sure you home is in good condition by keeping it clean and doing a few touch ups on the paint. If the Realtor has a good impression of your home, they might be persuaded to give it a good price.
5. Put off home improvements
   Don’t make any costly home improvements until you’ve met with a Realtor. You might end up paying for upgrades that current buyers don’t care for in the first place.
6. Make a list of upgrades you’ve made to the home
   Did you build an extra room? Remodel your kitchen? List them all down. This will help the agent price your home accordingly.
7. Check your schedule
   Be ready to adjust your schedule during the listing process. The agent will recommend the best showing times depending on market conditions, and you should be able to tweak your routine.

To learn more about the selling process, check out our comprehensive Sellers’ Guide. You can also call 410.371.0581 and 202.483.6300 or email andy@LNF.com.

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From tours and music festivals to cherry blossoms and monuments, D.C. has an array of captivating sights and sounds for anyone who steps foot in the nation’s capital.

1. Visit the National Zoo
   3001 Connecticut Ave NW
   The zoo’s most popular residents include the giant pandas Tian Tian and Mei Xiang, along with their cubs Bao Bao and Bei Bei.
2. Take the DC by Foot tour
   1740 18th St Northwest #304
   DC by Foot has no upfront costs. Their signature tour is the National Mall Tour, which covers most of the major monuments and memorials in D.C.
3. Go to Luce Unplugged
   8th and F St NW
   Hosted by the Luce Foundation Center for American Art, Luce Unplugged is a monthly concert series that features local talent.
4. Drop by the National Building Museum
   401 F St NW
   Come to the National Building Museum to admire and explore its architectural design. Tours of the Great Hall and the building are free.
5. Visit the Renwick Gallery
   Pennsylvania Ave at 17th St NW
   Get your fill of art and culture by visiting the newly renovated Renwick Gallery. Housed in a historic building, it features decorative arts and crafts from the 19th century onwards.
6. Go for a walk at the Tidal Basin
   1501 Maine Ave SW
   This artificial inlet is lined with cherry blossom trees that the mayor of Tokyo gifted to D.C. in 1912. The trees bloom in March and April, making the Tidal Basin a sight to behold. There are also three memorials to see in the area.
7. Visit the Washington Monument
   2 15th St NW
   Built in honor of George Washington, the monument can either be admired from the ground or from the observation deck, which is 500 feet up via an elevator.
8. Take a tour of the White House
   1600 Pennsylvania Ave NW
   Take a tour of the public rooms of the White House or come to the Visitor Center for interactive exhibits and a 14-minute film. A gift shop sells souvenirs, book, and other trinkets.
9. Watch a performance at the Kennedy Center’s Millennium Stage
   2700 F St NW
   Live performances that range from opera, children’s choirs, poetry readings, and classical quartets to comedy shows are staged on a daily basis. No reservations required.
10. Browse through some books at Politics & Prose
    1025 5th St NW
    Attend an author’s reading and book signing in this venue, where locals and writers congregate. Enjoy discussions on politics, literature, and everything else in between.

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Condo living has its pros and cons. Before you start talking to a real estate agent, here are some things to consider.

1. Maintenance and repairs
   The great thing about condo living is that you have fewer responsibilities when it comes to maintenance and repairs. Building management takes over. However, you might not get to decide when these repairs will be made.
2. Amenities
   Condo living gives you access to a pool, gym, or sauna that you might not be able to afford otherwise. If you use these amenities regularly, you’ll get more value for your fees. Otherwise, you’ll end up paying for a perk you have no use for – and that’s money down the drain.
3. Security
   Living in a condo lets you enjoy the building’s security features like controlled access and video surveillance. Aside from this, you can go out of town knowing that neighbors are within close proximity of your unit and can alert management if anything suspicious occurs.
4. Restrictions
   Since you’ll be sharing a building with a lot of neighbors, there will be restrictions on noise levels, pets, smoking, and even interior and exterior décor. The same applies to any remodeling work you want to have made to your unit.
5. Privacy
   Having just a wall separate you from your neighbor may turn out to be a privacy issue. If you can hear their comings and goings, chances are they can hear yours. You’ll also bump into them frequently in the corridors and shared areas – which is fine if you’re the friendly sort, but uncomfortable if you’re a little more reserved.
6. Space
   You’ll have to make do with less space when living in a condo. This means being very selective when it comes to buying stuff for your home, and minimizing clutter as much as possible.
7. Neighbors
   Condominium buildings attract individuals with all kinds of personalities and lifestyles. You might not necessarily get along with all of them. On the bright side, you can look forward to community-organized social events and recreational activities.

If you think that condo living is for you, check our listings. You can also call 410.371.0581 and 202.483.6300 or email andy@LNF.com.

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No matter how wonderful your home is, it could in the market for weeks or months if you don’t have excellent marketing material. Homebuyers make snap judgments as they browse through online listings. Uploading well-photographed, high-quality images of your home creates a good first impression of your property before homebuyers even drop by for a showing.

Having great photos also help you maximize your home’s market potential. They showcase your home’s best features while downplaying its flaws. On the flipside, bad photos can make your home seem less attractive than it really is.

Home sellers know the importance of curb appeal, as you will see on our Sellers page. However, pix appeal is just as important. Here’s how to get it.

1. Hire a professional photographer
   This is the easiest thing to do. A real estate photographer can take care of everything, from proper lighting to angles. If you’re concerned about cost, shop around for a professional whose fee fits right in with your budget.
2. Know the basics of photography
   If hiring a professional is out of the question, you can always take the photos yourself. YouTube tutorials, how-to blog posts, and forums are great online resources for basic photography skills.
3. Use a good camera
   High-resolution photos look better on computer and mobile screens, so use a good camera. If you don’t have an SLR, you can use a digital camera or a camera phone with higher megapixels.
4. Stage your home
   Before you shoot, arrange your furniture in such a way that it opens up the space. Clear away clutter, such as toys and knickknacks. Draw the curtains back to let in as much natural light as possible.
5. Take plenty of photos
   Take as many photos as you can at various angles and lighting conditions. This gives you more options to choose the most flattering photos for your online listing.

For more information on selling your home, check out our comprehensive Sellers’ Guide. You can also call 410.371.0581 and 202.483.6300 or email andy@LNF.com.

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You’ve finally decided that you’re tired of renting and hauling your belongings from one unit to another. Now that you’re ready to commit to a mortgage, here’s what you need to know about buying a condo in D.C.

Condo Buying Trends

1. Small is in

   The tiny condo movement is gaining traction in downtown D.C., and developers are marketing the units to millennials. A tiny studio, for instance, affords 300 square feet of livable space. What makes it attractive is the price point – a unit sells for about $275,000, or half the median price for a typical home in the area.

2. First-time buyers can get tax credit

   First-time home buyers may be eligible for a tax credit of up to $5,000 as long as they meet set requirements. To qualify, you should have purchased your home within the current tax year, and you mustn’t have owned a home in D.C. the previous year. Moreover, the tax credit gets phased out depending on your adjusted gross income.

3. The FHA has made purchasing easier for first-time buyers

   The Federal Housing Administration, which helps first-time buyers get mortgages, lowered their fees in 2015. Fees were again cut in 2016 as the FHA’s financial situation gets better. Getting an FHA-approved condo in D.C. is also helpful because the agency will insure your loan, which mitigates risks and minimizes costs for the lender. You’ll also be required to give a down payment of only 3.5%.

4. Condo living in D.C. is synonymous with lower maintenance and better lifestyle choices

   Condos are easier to maintain than single-family homes and townhouses. Their affordability also lets you live in the city and gives you access to cafes, shops, restaurants, and events. Condo living also allows you to enjoy the walkability of the city, which either minimizes or completely does away with your commute.

Neighborhood Guide

Still wondering which area in D.C. is for you? Here’s a quick rundown of local neighborhoods.

• Woodley Park, Kalorama, and Chevy Chase are affluent neighborhoods. Here’s you’ll find good restaurants, ethnic eateries, and cafes.
• Kalorama residents prefer to keep the area’s noise level down, which makes it perfect for retiring homebuyers.
• Petworth is a close-knit community, with a mix of long-time residents and creative types who have just started moving to town.
• Shaw is known for U St., where residents go for food, drinks, and retail. Currently in the midst of a renaissance, the area is one to look out for over the coming years.
• Along with Shaw, Ivy City and Southwest Waterfront are considered to be up-and-coming neighborhoods. Condos are still affordable and yet are expected to gain value in the next few years.
• Columbia Heights is known as one of D.C.’s grittier areas, but an influx of retailers and increasing entertainment options serve to gradually change its reputation.
• As the name suggests, Mount Pleasant has a small-town vibe that active community members want the neighborhood to retain. There’s a crop of independent businesses worth checking out and supporting.

Sorting through Your Options

As a first-time buyer, you have a lot of options when it comes to condo units, amenities, and location. When choosing a condo, find a building and a neighborhood that will match your budget and complement your lifestyle.

Buyers also tend to look for condos that they can rent out when they feel ready to move up to townhomes or single-family homes. If this is something you plan to do, then you have to find a unit that’s likely to attract tenants, and which will grow in value over time.

Get started by checking out our Condo page to look for the unit you need in the area you’re interested in. You can also call 410.371.0581 and 202.483.6300 or email andy@LNF.com.

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