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Washington is a beautiful city with a vibrant real estate market, and terrace houses are a popular choice among homebuyers. If you are considering buying a terrace house in Washington, this ultimate guide will provide you with essential tips and listings to help you make an informed decision.
Tips for Buying Terrace Houses in Washington
Location
- Consider the neighborhood and surrounding amenities such as schools, parks, shopping centers, and public transportation options.
- Check the proximity to your workplace and other vital locations to ensure convenience in your daily commute.
- Research about the future development plans in the area to assess the potential appreciation of property value.
Budget
- Determine your budget and get pre-approved for a mortgage to have a clear idea of how much you can afford.
- Factor in additional costs like property taxes, homeowners association fees, maintenance expenses, and insurance premiums.
- Compare prices of terrace houses in different neighborhoods to find the best value for your money.
Property Inspection
- Hire a professional inspector to examine the terrace house for any structural issues, water damage, mold, pest infestation, and other potential problems.
- Look for signs of wear and tear in the roof, walls, windows, and foundation to assess the condition of the property.
- Review the inspection report carefully and negotiate repairs or price adjustments with the seller if needed.
Listings of Terrace Houses in Washington
1. Georgetown
- Located in the northwest quadrant of Washington, Georgetown is a historic neighborhood known for its charming terrace houses, cobblestone streets, and upscale shops and restaurants.
- Price Range: $800,000 – $2,500,000
- Features: Architectural details, private gardens, waterfront views
- Notable Schools: Georgetown Visitation Preparatory School, Hyde-Addison Elementary School
2. Capitol Hill
- Home to the iconic Capitol building, Capitol Hill is a diverse neighborhood with a mix of terrace houses, row houses, and condos.
- Price Range: $600,000 – $1,800,000
- Features: Proximity to government offices, Eastern Market, Barracks Row
- Notable Schools: Tyler Elementary School, Brent Elementary School
3. Dupont Circle
- Known for its vibrant nightlife, art galleries, and embassies, Dupont Circle offers a mix of historic and modern terrace houses.
- Price Range: $700,000 – $2,000,000
- Features: Walkable neighborhood, Dupont Circle Park, trendy restaurants and bars
- Notable Schools: School Without Walls at Francis-Stevens, Oyster-Adams Bilingual School
4. Adams Morgan
- Famous for its eclectic mix of cultures, Adams Morgan is a lively neighborhood with colorful terrace houses and a variety of dining and entertainment options.
- Price Range: $500,000 – $1,500,000
- Features: Diversity, street festivals, vibrant nightlife
- Notable Schools: H.D. Cooke Elementary School, Marie Reed Elementary School
Final Thoughts
Buying a terrace house in Washington can be a rewarding investment, both financially and personally. By following the tips provided in this guide and exploring the listings of terrace houses in different neighborhoods, you can find the perfect property that meets your needs and preferences. Remember to conduct thorough research, seek professional guidance, and take your time to make a well-informed decision. Good luck with your terrace house hunting in Washington!