Real Estate as an Investment

Making the choice to invest in residential real estate is an excellent way to diversify and grow your net worth, if it is done correctly. Besides providing a steady cash flow and amazing tax benefits, investing in real estate also provides a sense of security that is simply unmatched in other investments. Real estate is ever-accessible, appreciable, depreciable, leverageable, improvable, deductible, deferrable and stable; however, for you as an investor, the most important thing real estate can be is rentable.

BUYING RENTAL PROPERTIES

At Town Realty, we understand the rental property business from an investor’s perspective, and we have the tools you need to be successful in your pursuits. Our goal is to find you an excellent investment that promises a positive return in every area. Best of all, our team is prepared to help you every step of the way. At Town Realty we believe real estate to be the most “able” investment in today’s economy, and our proven processes lead to amazing results.

We are Agents and Investors

With Town Realty, you are not just dealing with just a residential realtor, we are also active investors in multiple Charlottesville rental properties and have been successful in “flipping” local properties. Our Realtors will use our experience to focus on an immediate equity gain upon the acquisition of a rental property. This goal is put in place to ensure sufficient cash flow to sustain the returns you need for success. Additionally, our agents are ready and willing to help you select the right piece of real estate for your needs, as well as one that is sure to appeal to the rental market of Charlottesville at large.

Higher Expectations for a Real Estate Agent

We always work to meet both your short-term and long-term financial needs during the acquisition process. Besides considering the base price of the property, our knowledgeable Realtors also look at things such as property taxes, maintenance costs and other factors that impact your initial investment into the residence. Further, Town’s Realty ability to provide advanced financial projections based on current market trends allows you to see the big picture before purchasing a property. This is an invaluable tool that ensures success and meets our goal to help you become a sophisticated investor and grow your financial wealth.

Whether you seek your first investment property or you are looking to expand your existing portfolio, Town’s Realty resources are unmatched. With lenders, contractors and property managers in our network, all of the information you need is at your fingertips. We share the fundamental truths of real estate investment with our clients, and we are happy to share the models that schooled investors use; together, these factors allow even novice investors to feel comfortable with the process. For seasoned real estate investors, Town’s Realty advanced analytics help you target lucrative properties in niche markets – a precious tool for the continued growth of an investment business. The unrivaled tax benefits of depreciations, deductions and exchanges await in Charlottesville’s rentable real estate market, and with Town’s Realty help, your success is immanent.

Opportunities in the Charlottesville Area: Student Rentals

When it comes to the rental market in Charlottesville, options are bountiful. This town is largely based around the University of Virginia, and as such, there is a high need for residential rentals to accommodate students. There are just under 24,000 students enrolled at UVA, and of this number, approximately 41 percent live on the campus. While there are some students that live at home in the area, this leaves a significant portion of the student body that is in need of off-campus rental housing. This factor alone presents a huge opportunity for the area’s real estate investors. Further, the stability of the university means that there will always be a steady flow of students – and even faculty members – looking for affordable rental housing in the University region.

Investors looking at neighborhoods around the UVA campus have numerous property options, including single-family homes, townhouses and even apartment complexes.

Livability and A Strong Economy

Students are just one sector of the rental market in the greater Charlottesville area. This region is known for its livability, and, in fact, has received numerous accolades, including the “Most Exciting Place in Virginia” by Movoto Real Estate, the “Best College Town in America” by Traveler’s Today, one of the “Top 100 Places to Live” by Livability.com, one of “America’s Favorite Mountain Towns” by Travel + Leisure Magazine, and the list goes on. The draw of Charlottesville is undeniable, and this brings in a steady flow of new residents on a regular basis. Budding professionals and families are drawn to the stable work environment and ever-changing environment Charlottesville presents, while retirees are drawn to the scenic beauty and easy lifestyle offered by Charlottesville and Albemarle County. The great variety of residents, and the options they seek, means excellent things for the rental market in the greater Charlottesville area.

Investing Outside of the City

The investment properties do not end at the city lines, and renters are bountiful throughout the 29 North region, as well. In 29 North, the beauty of the country combines with fantastic access to surrounding communities and a number of the county’s most prominent employers. Big-name retailers and local shops provide employment options in the retail sectors; however, the major draws for the area include General Electric, the Defense Intelligence Agency and the National Ground Intelligence Center. There is also an airport in town that provides opportunity for residents.

Where there is employment there are incoming residents, and this gives you as a real estate investor a great chance to build your portfolio in a different, less-dense region of Albemarle County. Town’s Realty expertise in Charlottesville’s specific market trends is just one of the ways that our Realtors help you in the investment property acquisition process. Overall, it is our commitment to excellence – both ours and yours – that allows success in each and every transaction.

 

Featured Listings

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Residential

3Bedroom(s)
2Bathroom(s)
41Picture(s)
1,832Sqft
Sweet rustic country cottage in Western Albemarle painstakingly renovated by current owner. So many special details. Gorgeous rough hewn hardwood floors refinished without removing the beautiful patina. The modern kitchen with granite and stainless appliances is open to dining and living rooms. Two additional bedrooms and a full bath complete the first floor.
$340,000

1460 CANFIELD LN, CHARLOTTESVILLE, Virginia 22903

Residential

4Bedroom(s)
2Bathroom(s)
25Picture(s)
2,084Sqft
Escape to a cottage in the woods while only minutes from Downtown! This beautiful home offers first floor living with a two bedrooms on the main floor including the big master bedroom. The full bath is completely updated and feels like it was built for a spa. The kitchen overlooks the dining area and living room to give a feeling of openness.
$375,000

113 BIRDWOOD CT, CHARLOTTESVILLE, Virginia 22903

Residential

3Bedroom(s)
2Bathroom(s)
25Picture(s)
1,224Sqft
Outstanding location in desirable Birdwood Court neighborhood! Wonderful 3 bedroom, 2 full bath and 1/2 bath floor plan. Walking/Biking distance to downtown and McIntire Park. Off street parking with private side, back yard areas and shed. Great screened in porch for relaxation and entertaining.
$287,000

2309 WAKEFIELD RD, CHARLOTTESVILLE, Virginia 22901

Residential

4Bedroom(s)
2Bathroom(s)
33Picture(s)
2,160Sqft
Tucked on a private cul-de-sac, this 4 bedroom Brick Split-Level home can be yours! Upper Level features spacious Living Room, Dining Room & Kitchen w views of huge level yard, Hot Tub, Garden; 3 Bedrooms & 1.5 Baths. Lower Level features Great Room, 2nd Master Suite w Tile shower and ample storage. Updated Roof, Windows, HVAC, Flooring...
$395,000

838 ROCK CREEK DR, CHARLOTTESVILLE, Virginia 22903

Residential

3Bedroom(s)
3Bathroom(s)
27Picture(s)
2,414Sqft
One of the Largest Units in the subdivision...3 Level Spacious Condo that feels like a HUGE Townhouse in the City...Walkable to Uva Grounds & UVA Hospital, Downtown, Forest Hills Sprinkler Park, Smith Aquatics and On the Bus Route ...on a Private Cul de sac with 2 Miles of walking trails.
$359,900

5 WOODLAKE DR, CHARLOTTESVILLE, Virginia 22901

Residential

3Bedroom(s)
1Bathroom(s)
30Picture(s)
1,428Sqft
Come see this fantastic END unit conveniently located with an enchanting backyard! Enjoy maintenance free living and relax by the soothing water feature in the brick patio courtyard of this 3 bedroom/1.5 bath home. Owners have recently installed new carpet along with fresh paint, freshly coated wood floors, a newer HVAC unit, and a new powder room vanity. New composite siding was just completed.
$227,900

310 RIVERBEND DR, CHARLOTTESVILLE, Virginia 22911

Rental

1Bedroom(s)
1Bathroom(s)
14Picture(s)
1,865Sqft
Ground level unit with no stairs leading to this Extremely light filled condo with an entire wall of windows. Very large living area open to the kitchen. Master bedroom has huge closet. There is a balcony that has privacy overlooking the woods and Rivanna trail along the river. There is additional storage unit off the balcony.
$1,200

765 WALKER SQ, CHARLOTTESVILLE, Virginia 22903

Residential

2Bedroom(s)
2Bathroom(s)
22Picture(s)
1,119Sqft
Incredible Charlottesville location walkable to West Main St, UVA Hospital, campus, & Downtown, this airy 2-bedroom, 2-bath condo enjoys beautiful light and peaceful, lush courtyard views. Spacious open-concept living area with hardwood floors, fully-equipped kitchen with stainless steel appliances & built-in wine rack, and a delightful dedicated dining area.
$338,000

100 SOMESSO CT, CHARLOTTESVILLE, Virginia 22902

Residential

3Bedroom(s)
2Bathroom(s)
40Picture(s)
1,892Sqft
Sunny, energy-efficient, impeccably-maintained, this charming 2016-built craftsman in Burnet Commons boasts gorgeous solid hardwood floors on both levels, a generous kitchen with quartz countertops & island, HardiePlank exterior, Trex front & back porches, brickstone patio, and is wired throughout for ethernet & surround sound for entertaining.
$475,000

1570 OLD OAKS DR, CHARLOTTESVILLE, Virginia 22901

Residential

4Bedroom(s)
2Bathroom(s)
47Picture(s)
4,170Sqft
Beautiful home in a wonderful private setting...within walking distance to Meriwether Lewis Elementary School.
$949,900

103B SUNSET DR, CHARLOTTESVILLE, Virginia 22911

Residential

5Bedroom(s)
3Bathroom(s)
14Picture(s)
3,194Sqft
Welcome to Riverwood, featuring Charlottesville's most affordable new homes on private homesites w/ a 5-acre community park! This Columbia homesite special features 5 beds & 3.5 baths on a premium, wooded homesite backing up to the Rivanna River.
$589,990

95B SUNSET DR, CHARLOTTESVILLE, Virginia 22911

Residential

4Bedroom(s)
2Bathroom(s)
14Picture(s)
3,133Sqft
Welcome to Riverwood, featuring Charlottesville's most affordable new homes on private homesites w/ a 5-acre community park! The Columbia features 4 beds & 2.5 baths with a finished basement and 2-car garage for early 2022 move-in. Plus, a massive owner’s suite with private bath & huge walk-in closet.
$509,990
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