Friday, August 23, 2013

Arriving at the Hill

This spring we've sure seen a remarkable recovery in the real estate market. The change in the DC area has been especially decisive with year over year prices up over 25%. As a prospective buyer, it's a very challenging environment.

As the search began , and I quickly zeroed in a few choice neighborhoods: Eastern Market, Lincoln Park, Bloomingdale, and Shaw. These neighborhoods have gone, or are going through a lot of renovations at the moment. It's not uncommon to find a house or two on each block undergoing some level of development.

After a few months of searching, I found an ideal candidate in Capitol Hill, near Atlas District. The neighborhood is well established, but periodically a neglected home will enter the market. I wanted to find a property where I could add a basement rental unit, this fit the bill.


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