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5 Reasons to Buy a Home in Vienna

By Doug Francis

 

W&OD Sign Vienna Virginia

Old sign along W&OD Trail in Vienna
Photo: Doug Francis~Instagram

I often get emails from people who are thinking about relocating to Vienna Virginia, where I live and work, asking me questions like what is available in certain price ranges. They also ask about long-term value or eventually converting to an investment property.

It is easy to understand these questions after looking at homes on Zillow or Trulia.

I get it.

Someone who isn’t actually here may be suspicious when I eagerly respond with enthusiasm about our real estate market because, from a long-term point of view, I see tremendous opportunity here.

Vienna location… in no particular order:

  1. Commute Time ~ Northern Virginia is where the job growth has been and will continue. According to George Mason University’s Center of Regional Analysis, over the last twelve months Northern Virginia has created over 31,000 jobs while Suburban Maryland has created less than 2,000. It does explain our traffic woes, but it should make a point that commuting to and from work is commanding considerable time. With that in mind, finding a home within a reasonable drive to work will be more desirable now and in the future. Vienna is next to two of the fastest growing job hubs: Tysons Corner and Reston.
  2. The Metro System ~ Vienna has long been known as the end of the Orange Line which goes right through Arlington and into DC. Yes, Foggy Bottom or the White House are minutes away. But Vienna is also going to gain from the completion of the new Silver Line which will pass through Tysons Corner, the Dulles Airport Toll Road to Reston in 2014 (eventually to the airport). Although the Tyson’s stops won’t have parking garages, they will be perfect kiss ‘n ride stations. There is also a part of Vienna where you will be able to walk to those new Silver Line stations or take a rush hour bus to the Silver Line.
  3. High Walkability ~ Over the past twenty years, the downtown section of Vienna has been redesigned to promote walking. Yes there are sidewalks and crosswalks, but there are places to go. For example, there is a Farmers’ Market on Church Street on Saturdays. There is a summer concert series on the Vienna Town Green. And there are coffee shops, bakeries, restaurants, and multiple Town events like Oktoberfest, Viva Vienna, a Halloween Parade and 4th of July fireworks. Also high on the list, the 42 mile W&OD trail cuts right through Vienna (gotta bike?). A few local friends actually ride their bikes to work!
  4. Schools and more ~ You might not have a kid in school, but Fairfax County Public Schools have an excellent national reputation for academics, admissions to college and sports. This fact alone is really important to people with school age kids who often will wait for a home in a particular school zone. Private schools and universities also dot the landscape with excellent faculties and facilities.
  5. Limited Supply of Homes ~ Although there has been considerable job growth in Northern Virginia, the overall supply of homes has remained flat over the last five years. The lack of supply and new construction has created a marketplace where homes are bought quickly, close to asking price unlike most of the United States. In fact, the gurus are George Mason have been yelling from the rooftops that we will have a housing crisis here in the next ten years unless we start to build 30,000 additional housing units that will be needed in the 2020’s.

Maybe this is a peak behind the curtain for you, or a look into Doug’s crystal ball but there are critical factors that need to be considered when considering moving to Northern Virginia. My point is simple, you can benefit from developing a long-term strategy before you move that will take into account these factors.

With mortgage interest rates hovering around 3.75% for a thirty year mortgage, and the strong potential for significant price appreciation in the long-term, this is an opportunity for you to take seriously. Let’s talk and put together a winning Vienna real estate strategy.

 

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Filed Under: Blog, Home Buyer Tips Tagged With: George Mason University, real estate, Silver Line, Vienna Virginia

About Doug Francis

A seasoned Realtor specializing in unique and new homes around Vienna, Virginia, Doug has seen consumer behavior, negotiations and communication styles change. At his original brokerage, he was the first agent to add an email address. Imagine! Outside real estate, he plays tennis, is a Washington Capitals fan, spends time with Skipper (his dog), and enjoys the restaurant scene in the DCA. He's a Boston University graduate who feels morning coffee is non-negotiable.

Vienna real estate agent Doug Francis

When we bought our house in Vienna, we were thinking about raising the kids, building an addition, and knowing the neighbors. Today, home buyers are attracted to Vienna because of the sense of community, walkability, and small town lifestyle.

So, what’s next after your 25 years? It’s a conversation many of my clients are having with me as they plan to move to the beach, travel, or get closer to grandkids. Helping them see their future, sell their current home, and move ahead with their updated plan has been an interesting new chapter.

My background: I am an active licensed agent in Virginia, have negotiated hundreds of sales contracts, work at TTR Sotheby’s International Realty in McLean, and still sell homes in all price ranges. I donate to the Town of Vienna tree replacement fund, participate in a neighborhood citizens association, and try my best to stay in shape.

Let’s discuss your moving plans: Email doug@dougfrancis.com or call me at (703) 304-6827 .  Cheers!

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“Doug nailed it! Within days, we had three offers, one of which not only met, but far exceeded all of our goals.”
– R. Pollard

“He truly was a partner integrating us unto the community and made it easy for us to take advantage of all Vienna has to offer.”
– A. D’Eredita

“We are so thankful we found Doug to guide us through the complex home selling and buying processes!”
– Scott and Jennie

About Doug Francis

I am a Realtor with TTR Sotheby's International Realty® just outside Washington D.C. in Northern Virginia. I'm licensed in Virginia with a focus on Vienna, VA real estate since 1991.

That deep knowledge is valuable, especially in today's fast-paced market where advice is critical. Although many of my clients are personally referred, I am available to help you too and am accepting new clients right now.

Feel free to contact me at 703-304-6827 or email me at doug@dougfrancis.com anytime!

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Doug: (703) 304-6827

TTR Sotheby's International Realty
6723 Whittier Avenue McLean, VA 22101

Office: 703-319-3344
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