One thing we discuss with every potential DC first time home buyer that walks into our Free Home Buyer Workshop is the possibility of moving into Maryland, particularly Prince George’s County. We ask the question every time because of….housing prices. When you cross out of NE DC and into Prince George’s, you find less expensive housing and a little less of the inventory and supply/demand issues you see inside the city line.
“For the DC first time home buyer that is challenged by DC home prices and the monthly cost of living, going ‘over the line’ into Maryland is a smart move,” said Gerard DiRuggiero, Principal Broker of UrbanLand Company. “This will not be your ‘forever home’, it is a 5-7 year pit stop where you build equity every single month while the home value increases due to how close to DC you are. You’re probably not going to get rich off of the appreciation, but when you sell it, you’ll get all that ‘rent’ you paid to yourself as the homeowner.”
We’re on the Border Patrol with the ULC Blog! This is part of a continuing series where we’re watching over what goes on along with NE DC boundary. This time it’s a roll call of single family homes. If anything catches your eye (or your wallet’s eye), give us a ring at 202.759.4114 or reach out to us online.
Here’s a few sample finds. Photos link to the listings!
Not ready to sit down with a real estate agent yet? We have free group Home Buyer Workshops twice a week, every week. Here’s the schedule: