This two level, two bedroom condo in the Fair Lakes area in Fairfax is offered at $420k. Ideal for first time buyers or those considering downsizing!
🛍️ Less than a mile to Fair Oaks Mall
✈️ 15 mins to IAD
✈️ 37 mins to DCA
Listed by Rob Alcorn, Compass
#starterhome #downsizing #fairlakes #fairlakesva #itmatterswhoyouworkwith #buildequity #stoprenting #buildwealth #buildwealththroughrealestate #homeownership
✨𝑺𝑶𝑳𝑫✨
✓ 4 bedrooms
✓ 3.5 baths
✓ 2 car garage
✓ Walk-out basement
✎ 𝑅𝑒𝑝𝑟𝑒𝑠𝑒𝑛𝑡𝑒𝑑 𝐵𝑢𝑦𝑒𝑟
In a competitive market, it’s critical to have the right partners that can get things done ☑️ If you need guidance in your journey, DM📱 and it’ll be my privilege to be your guide!
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#homebuyer #homeseller #househunters #investmentproperty #listing #listingagent #realestate #realestatebroker #realestateexpert #realestateexperts #realestategoals #realestateinvestors #realestatelife #realestatenews #realestatesales #realtor #realtorlifestyle #northernvirginia #propertycollective #firsttimehomebuyers #dcmetro #localexpert #localrealtor #herndon #mompreneur #momboss #instantequity #homeowner #trust #wealthbuilding
Most homeowners are unlikely to ever file a claim through their homeowner's insurance.
With that in mind, most will buy their first policy 𝘸𝘪𝘵𝘩 𝘮𝘪𝘯𝘪𝘮𝘢𝘭 𝘤𝘰𝘷𝘦𝘳𝘢𝘨𝘦 + 𝘦𝘯𝘥𝘰𝘳𝘴𝘦𝘮𝘦𝘯𝘵𝘴 and then renew each year without updating or "shopping their policy" for a better premium. But what if something does happen?
🚨 𝗜𝘁 𝗶𝘀 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 𝘁𝗼 𝗰𝗵𝗲𝗰𝗸 𝘄𝗶𝘁𝗵 𝘆𝗼𝘂𝗿 𝗶𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗮𝗴𝗲𝗻𝘁 𝗮𝘁 𝗹𝗲𝗮𝘀𝘁 𝗼𝗻𝗰𝗲 𝗮 𝘆𝗲𝗮𝗿 𝘁𝗼 𝗺𝗮𝗸𝗲 𝘀𝘂𝗿𝗲 𝘆𝗼𝘂𝗿 𝗽𝗼𝗹𝗶𝗰𝘆 𝗽𝗿𝗼𝘃𝗶𝗱𝗲𝘀 𝗮𝗱𝗲𝗾𝘂𝗮𝘁𝗲 𝗰𝗼𝘃𝗲𝗿𝗮𝗴𝗲, 𝗮𝗻𝗱 𝘁𝗼 𝗺𝗮𝘅𝗶𝗺𝗶𝘇𝗲 𝘀𝗮𝘃𝗶𝗻𝗴𝘀. Adding central air, finishing a basement, getting a new roof/windows, and other improvements will likely add value to your home ... and also increases replacement cost. Another factor to consider, especially this year, is the increased cost of materials — which could add significantly to your replacement costs.
Example: you may have insured the home for $300,000 when you first bought it, but over time and with a few improvements your home may cost $500,000 to rebuild — that's a $200,000 gap in coverage, which could leave you without the proper resources to rebuild in the event of a loss! To help protect yourself, ask about an Extended Replacement endorsement / additional coverage.
Like home maintenance, an annual insurance review is something that can go a long way to protecting what is likely your biggest investment. My pro tip — ask to sit down with your insurance rep and go over your policy in detail, so that you fully understand how you are covered.
𝘞𝘩𝘦𝘯 𝘸𝘢𝘴 𝘵𝘩𝘦 𝘭𝘢𝘴𝘵 𝘵𝘪𝘮𝘦 𝘺𝘰𝘶 𝘳