Richmond seems to be one of the hottest cities to live in at the moment. This doesn’t come as a surprise since neighborhoods have been improving at a breakneck speed and people are moving there steadily, increasing the population density even in the less popular areas. Because of this, homes that are located in Richmond can easily cost millions,especially in safer neighborhoods.
“Richmond real estate market has been growing for a while,”says Evan Roberts of Dependable Homebuyers. “The prices have grown too over the past decade.”
Rents in Richmond are incredibly high, as Roberts mentioned, even if a neighborhood is on the less popular or safe side of the spectrum. There are homes available, but their prices can easily be over a million. As an example, a home with one bathroom and three bedrooms can cost around four hundred thousand dollars in a less popular neighborhood and the price goes up if the home of same characteristics is in a trendy neighborhood.
Education is one of the main selling points in Richmond. Both public and private schools are excellent, even if they are harder to get into. Children have good local public schools available, as well as the city-wide technical schools or charter schools. Colleges are another important element, as some of the best ones are in this area.
Life in Richmond comes with many benefits but also many pitfalls. Metropolitan life is expensive, stressful and a daily grind, which doesn’t work for most people. To be able to afford a property in Richmond, an average person has to have many roommates, different incomes or live paycheck to paycheck. Since most people find this incredibly difficult, Roberts recommends that they look into some of the properties in a different city. A city like Williamsburg.
Considerably smaller but with the same big city vibe, Williamsburg represents a good opportunity for people who like that metropolitan feel but at a more affordable cost and a better life quality. For more information on Williamsburg and living in Williamsburg, read https://docs.google.com/document/d/1-CWp1ib4_0_lA-4kS4BQ8q58Wi9uhAZ0CPnKeoG5-V8/preview.
Williamsburg has changed a lot over the past few years and some of the more neglected neighborhoods have improved. This growth is supported by numerous new restaurants, bars, brands and activities on the community’s part. But the real estate market in Williamsburg is less expensive, at the same time offering more charm and historical value than the more modern Richmond.
Dependable Homebuyers is just one of the real estate entities trying to provide plenty of good information and guidance when it comes to living and real estate in this area. Williamsburg has that more bohemian, relaxed spirit, while retaining all of the benefits of a metropolitan area. It’s more inexpensive and provides a decent lifestyle quality, which people appreciate. Many people have moved to Williamsburg in recent years and they are enjoying having more room to breathe financially. Even a person with a lower income has more chances to rent a bigger apartment in Williamsburg than in Richmond. For more details, contact Dependable Homebuyers directly.
SOURCE: Press Advantage [Link]
Dependable Homebuyers is a local home buying company in Williamsburg, VA. We buy houses in any condition and any situation. If you want to sell your house fast, give us a call at (757) 347-0457 and we’ll provide you a cash offer within 24 hours.
August 22, 2019 – Expert says Real Estate Investments in Williamsburg are Profitable
August 22, 2019 – Residential Real Estate in Williamsburg Records Sustained Growth in 2019