Author: Tiffany_Henkel

on

by

Owning and operating a short-term rental property, such as an Airbnb, has become a popular investment strategy for real estate enthusiasts. This venture, while potentially lucrative, comes with its own set of advantages and challenges. Let’s dive into the pros and cons to help you determine if this path aligns with your investment goals.

Have you ever dreamed of owning a home by the beach?
Or maybe a mountain home is more your style.

Pros
1. High Income Potential: Short-term rentals often yield higher income compared to long-term leases. Guests are willing to pay a premium for the flexibility and amenities offered, especially in high-demand tourist destinations.

2. Flexibility in Use: Unlike long-term rentals, short-term rentals allow you to use the property yourself whenever it’s not booked. This dual-purpose functionality is perfect for those who want a vacation home that also generates income.

3. Diversification of Investment: Adding a short-term rental to your portfolio can diversify your investments, reducing overall risk. Real estate, especially in desirable locations, often appreciates in value, providing a solid financial foundation.

4. Tax Benefits: Depending on your location, you might benefit from various tax deductions related to property expenses, including mortgage interest, maintenance costs, and depreciation.

A condo in DC or Arlington makes for a good short-term rental.

Cons
1. High Initial Cost*: Setting up a short-term rental can be expensive. Initial costs include purchasing the property, furnishing it to a high standard, and marketing it effectively. These can add up quickly and require significant upfront investment.

2. Inconsistent Income: Unlike long-term rentals with predictable monthly income, short-term rentals can be seasonal and affected by market fluctuations. This inconsistency can make budgeting and financial planning more challenging.

3. Time-Intensive Management: Managing a short-term rental is often more time-consuming than a long-term rental. You’ll need to handle frequent guest turnovers, cleaning, maintenance, and guest communications, which can be akin to running a small hotel.

4. Regulatory Challenges: Many cities have stringent regulations governing short-term rentals. These can include restrictions on rental periods, zoning laws, and licensing requirements. Staying compliant can be a complex and ongoing process. For example, DC has a 90-day limit on short term rentals.

5. Potential for Property Wear and Tear: Frequent guest turnover can lead to increased wear and tear on your property. Maintaining the property in top condition requires regular upkeep and potentially higher repair costs.

Investing in a short-term rental property can be a rewarding venture with the right approach. At Properties on the Potomac, we specialize in helping investors navigate the complexities of the short-term rental market. Our experienced team offers comprehensive services, from property selection to management solutions, ensuring your investment thrives. Contact us at 703-624-8333 today to explore your options and start your journey toward profitable short-term rental ownership.

on

by

In the realm of home design, two-story family rooms stand out as captivating spaces that seamlessly blend grandeur with comfort. Offering a sense of airiness and spaciousness, these architectural marvels have become a sought-after feature in modern homes.

The defining characteristic of two-story family rooms is, of course, their soaring ceilings that stretch upwards to impressive heights. This vertical dimension not only creates an immediate sense of grandeur but also allows ample natural light to flood the space, creating a bright and inviting atmosphere. Whether adorned with expansive windows or skylights, these rooms effortlessly connect the indoors with the beauty of the surrounding landscape.

A wall of windows lets in natural light
Soaring ceilings allow for skylights
Skylights, windows. and a large fireplace beautifully combined

From a design perspective, two-story family rooms present a canvas ripe with opportunities for creativity and expression. The height of the space lends itself to architectural drama, inviting the incorporation of eye-catching features such as statement lighting fixtures, dramatic staircases, or even a gallery wall to showcase artwork and family photographs. The interplay of light and shadow accentuates architectural details, adding depth and visual interest to the room.

For prospective homebuyers considering a property with a two-story family room, several factors should be taken into account:

1. Acoustics and Privacy: The height and openness of two-story family rooms can sometimes lead to issues with sound transmission and privacy. Consider incorporating acoustic treatments or strategically placed furnishings to mitigate noise and create zones for privacy within the space.

2. Temperature Control: With their lofty ceilings, two-story family rooms may require additional heating and cooling measures to maintain a comfortable temperature year-round. Consult with a qualified HVAC professional to ensure proper climate control and energy efficiency.

3. Decor and Furnishings: When decorating a two-story family room, scale and proportion are key considerations. Choose furniture and decor that complement the height of the space without overwhelming it, and utilize vertical elements such as tall plants or artwork to visually anchor the room.

Ready to elevate your living experience to new heights? Let’s find your dream home with a two-story family room that’s sure to make your heart soar! Contact Properties on the Potomac at 703-624-8333 today and let’s make your home-buying journey a soaring success!

on

by
Wood-burning fireplaces build up creosote, a flammable substance
Gas fireplaces require regular maintenance as well

With the weather warming up, it’s easy to forget about the warmth and cosiness of your fireplace. However, neglecting the maintenance of chimneys and fireplaces can pose significant risks to your homes and families. That’s why it’s crucial to adhere to national safety standards, which recommend annual fireplace, chimney, and vent inspections.

Chimneys accumulate creosote—a flammable substance—during use, are subject to deterioration, and can also become homes to animal nests. By addressing maintenance needs in the off-season, you mitigate the risk of chimney fires and ensure a safe and enjoyable fireplace experience come fall.

But what about gas fireplaces? While they may not produce creosote like their wood-burning counterparts, they still require regular maintenance to operate efficiently and safely. Cleaning a gas fireplace should include removing dust and debris from the interior casing and ventilation system. Additionally, inspecting the burner and igniter for any signs of wear or damage is essential for preventing malfunctions and ensuring consistent performance.

At Properties on the Potomac, we’re committed to helping you safeguard your home. Contact us at 703-624-8333 today if you need a referral to a company to inspect, clean, and maintain your fireplace(s).

on

by

As the days grow longer and the sun shines brighter, it’s time to bid farewell to the winter chill and welcome the rejuvenating spirit of spring. And what better way to embrace the season of renewal than by giving your home a thorough spring cleaning? At Properties on the Potomac, we understand the importance of a clean and well-maintained home, not just for your own comfort but also for enhancing its appeal to potential buyers. Here are some expert tips to help you freshen up your home this spring:

  1. Declutter with Purpose: Start your spring cleaning by decluttering your living spaces. Go through each room and identify items you no longer need or use. Donate or sell these items to free up space and create a more organized environment. Decluttering not only makes your home look cleaner but also helps potential buyers envision themselves living in the space.

2. Deep Clean Every Nook and Cranny: Dust, dirt, and grime tend to accumulate over the winter months. Take the time to deep clean your home from top to bottom. Pay attention to often-overlooked areas such as baseboards, ceiling fans, and behind appliances. A sparkling clean home not only feels more inviting but also signals to buyers that the property has been well-maintained. For those of you that prefer to hire this task out, hire a company to do a deep clean. Contact us for cleaning company recommendations.

3. Have your carpets cleaned: Whether you have wall to wall carpets or area rugs, consider having a company clean them for you. There are companies that come to your house to shampoo and clean your carpets. If you have more delicate area rugs, we can recommend companies that will pick up, clean, and return them for you.

4. Focus on Curb Appeal:  Don’t forget to spruce up the exterior of your home as well. Sweep pathways, clean windows, clean gutters and downspouts, and power wash siding to remove dirt and debris.

5. Maintenance Matters: Finally, use your spring cleaning as an opportunity to tackle any maintenance tasks that may have been neglected. Replace air filters, check smoke detectors, and inspect plumbing fixtures for leaks. Addressing these issues now can prevent costly repairs down the line and increase the value of your home.

At Properties on the Potomac, we believe that a well-maintained home is key to attracting buyers and achieving a successful sale. By following these spring-cleaning tips, you can ensure that your home looks its best inside and out, helping you to make a lasting impression on potential buyers. Ready to sell your home this spring? Contact us at 703-624-8333 today to learn how we can help you achieve your real estate goals.

on

by

Finding your dream home is often described as an emotional rollercoaster, and for good reason. From the initial excitement of discovering ‘the one’ to the nail-biting anxiety of waiting to see if your offer is accepted, the journey to homeownership is packed with twists and turns.

Buying a home is an emotional roller coaster
Putting an offer on a house can produce nail-biting anxiety

Picture this: you’ve spent weeks scouring listings, touring homes, and imagining your future in each space. Then, it happens – you walk into a property and instantly feel that spark of excitement. This could be it. This could be home. The rush of adrenaline kicks in as you envision family dinners in the kitchen or lazy Sunday afternoons in the backyard.

But as quickly as the excitement arrives, so does the anxiety. You’ve submitted your offer, but now the waiting game begins. Every ping of your phone sends your heart racing – could it be the news you’ve been waiting for? The days feel like an eternity as you anxiously hope for that call saying your offer has been accepted.

And then, the moment of truth arrives. You’ve won! The feeling of accomplishment washes over you as you realize that soon, this house will be yours. But amidst the celebrations, a new wave of panic creeps in. Did you offer too much? Why did they choose you over other buyers? The doubts and second-guessing start to cloud your mind.

But eventually, acceptance settles in. You remind yourself of all the reasons why this house spoke to you in the first place. You trust in the process and in your decision. And as you prepare for closing day, you feel a sense of calm knowing that soon, you’ll be unlocking the door to your new home.

At Properties on the Potomac, we understand the highs and lows of this process, and we’re here to guide you through every step of the way. Give us a call at 703-624-8333 today. From finding the perfect property to navigating the closing process, let us help turn your homeownership dreams into reality.

on

by

At Properties on the Potomac, we are deeply immersed in the realms of architecture and design; we constantly seek inspiration from diverse cultural perspectives. Recently, our company embarked on a transformative journey during our board retreat in Cancun, Mexico. Surrounded by the vibrant hues of the Caribbean Sea and the rich tapestry of Mexican architecture, we found ourselves captivated by the interplay of cultural influences on architectural approaches.

Our retreat provided a unique opportunity to delve into the intricate fusion of Mexican and American architectural styles. In Mexico, architecture is not merely about structural aesthetics; it’s a narrative woven with threads of history and tradition. From the awe-inspiring Mayan ruins to the colorful facades of colonial buildings, every edifice tells a story of resilience, innovation, and cultural amalgamation. The juxtaposition of ancient indigenous designs with modernist elements showcases a seamless integration of tradition and innovation, a principle we strive to embody in our real estate endeavors.

Stunning and diverse Mexican architecture

Similarly, in the United States, architecture serves as a testament to the nation’s diversity and vitality. From the iconic skyscrapers of New York City to the sprawling suburban landscapes of California, American architecture mirrors the country’s spirit of ingenuity and ambition. The fusion of architectural styles from different eras and cultures creates a rich tapestry of urban landscapes, reflecting the ever-evolving societal values and aspirations.

Our retreat in Cancun served as a catalyst for introspection, inspiring us to infuse our real estate projects with the essence of cultural diversity and historical resonance. We are committed to crafting spaces that transcend mere functionality, embodying the soul and spirit of the communities they serve.

Join us on this journey of architectural exploration and cultural appreciation. Let us embark together on a quest to create spaces that resonate with the stories of the past and the aspirations of the future. Reach out to us at 703-624-8333 today to discover how we can assist in bringing your vision to life, whether it’s finding an existing home or building a new home.

on

by

Embarking on the journey to homeownership can be a daunting task, especially for those who might need a little extra help to turn their dream into reality. The Greater Capital Area Association of Realtors (GCAAR) curated a list of financing opportunities in the District of Columbia, Maryland, and Virginia. This guide aims to make the American dream possible for potential homebuyers by highlighting various programs designed to provide financial assistance:

Chenoa Fund (National):

   – National down payment program offering up to 5% toward down payment and/or closing costs.
  – Available for both FHA and conventional mortgages.
  – Funds come in the form of a second mortgage loan, potentially forgivable in some cases.
  – Accessible through approved lenders. (chenoafund.org)

City of Takoma Park’s Down Payment Assistance Program (Takoma Park, MD):

   – “The Home Stretch” program providing $10,000 for down-payment assistance.
  – For income-eligible, first-time homebuyers.
  – Requires completion of a homebuyer education course and a certified inspection.
  – First-come, first-served basis.
  – Website: takomaparkmd.gov

D.C. Open Doors with Down Payment Assistance (D.C.):

   – Offers deferred repayable loans for a down payment and below-market interest rates for first trust mortgages.
  – Eligible for both first-time and repeat homebuyers.
  – Down-payment assistance in the form of a deferred 0% non-amortizing loan.
  – Website: dchfa.org/homeownership/available-programs/dc-open-doors

Employer-Assisted Housing Program (EAHP) (D.C.):

   – Offers eligible District government employees a deferred, 0% interest loan and matching funds grant.
  – No income cap or cash contribution requirement.
  – Maximum purchase price of $765,600.
  – Website: dhcd.dc.gov/service/employer-assisted-housing-program-eahp

Federal Housing Administration (FHA) 3.5% Loan (National):

   – Good option for individuals with credit issues (minimum eligible credit score is 580).
  – FHA loan amount tops out at $970,800.
  – No requirement to be a first-time homebuyer.
  – Website: hud.gov/buying/loans

Federal Housing Loan Bank Down Payment Assistance (FHLB DPA) (D.C., MD, VA):

   – Down-payment assistance grant of up to $10,000 for eligible homebuyers.
  – Available in the District, Maryland, and Virginia.
  – Website: fhfa.gov

With an array of financing opportunities at your fingertips, homeownership is within reach. Take advantage of these programs and turn the key to your dream home.

Our team is dedicated to support you every step of the way. Contact Properties on the Potomac at 703-624-8333 today and explore these financing opportunities to make your dream home a reality. Our expert team is here to guide you through the process and help you find the perfect financial solution tailored to your needs.

Information is provided from the Greater Capital Area Association of REALTORS®. “Unlocking Your Dream Home: A Comprehensive Guide to Financing Opportunities.” GCAAR Housing Booklet. gcaar.com/docs/default-source/default-document-library/102623-gcaar-housing-booklet–single-pages.pdf, Accessed 01/23/2024. Please note that the information provided is deemed to be up-to-date as of the publication date but cannot be guaranteed. Real estate financing programs may undergo changes, and it is advisable to verify the latest details with relevant authorities or financial institutions.

on

by

One of the most common issues homeowners face during winter is ice damming on roofs. Ice damming occurs when snow and ice accumulate on the roof, causing water to back up and potentially damage the interior of your home. Understanding what ice damming is and how to prevent it is crucial for preserving the integrity of your property. In this blog, we’ll delve into the details of ice damming, its causes, and effective prevention measures.

What is Ice Damming?
Ice damming is a phenomenon where ice accumulates along the edges of a roof, preventing melting snow from draining properly. The trapped water can seep into the interior of your home, causing damage to ceilings, walls, insulation, and more. The key factors contributing to ice dam formation include snow accumulation, outside temperatures, and the presence of heat sources within the home.

Causes of Ice Damming

  • Snow Accumulation: Excessive snow buildup on the roof is a primary contributor. As snow melts, the water can pool behind the dam of ice, finding its way into your home.
  • Temperature Fluctuations: If warmer periods cause snow to melt during the day, only to refreeze overnight, ice dams are more likely to form.
  • Heat Loss from the Home: Poor insulation and ventilation in the attic can lead to heat escaping from the home, warming the roof surface. This heat accelerates the melting of snow, contributing to ice damming.

How to Prevent Ice Damming

  • Insulation and Ventilation: Ensure your attic is properly insulated and ventilated to maintain a consistent temperature on the roof. Adequate insulation minimizes heat loss from the living spaces, preventing the roof from warming and promoting snowmelt.
  • Snow Removal: Safely remove accumulated snow from the roof using a roof rake or hiring a professional to clear the snow for you. Clearing the snow before it turns into ice reduces the risk of ice dam formation.
  • Sealing Gaps and Leaks: Identify and seal any gaps, cracks, or leaks in your roof. This prevents warm air from escaping and minimizes the chances of ice dams forming.
  • Professional Inspection: Schedule regular inspections with a professional roofing company to identify and address potential issues before they escalate. Professional advice and maintenance can go a long way in preserving your home.

Protecting your home from ice damming is essential for maintaining its structural integrity and preventing costly repairs. If you’re concerned about your roof’s vulnerability to ice dams or need help finding professional assistance to address the issue, Properties on the Potomac is here to help! Give us a call at 703-624-8333.

on

by

T’is the season…for cozy nights by the fire, warm cider, and festive holiday lights! So gather your loved ones, bundle up, and choose one (or more) of the best light displays the DMV has to offer:

DC

  • Zoo lights at the National Zoo: The National Zoo will be aglow in lights and holiday cheer starting November 24 until December 30. They will have thousands of lights, live music, and winter treats. They typically release tickets 2 weeks before, 1 week before, 1 day before, and day of (as they are available) so keep checking if you don’t see any for your dates!
  • US Botanic Garden Holiday Display: The US Botanic Garden will once again have its popular train and landmark display up between November 23, 2023 and January 1, 2024. The theme this year is “Season’s Greenings,” showcasing the beauty of seasonal flora. Visitors can explore enchanting displays of poinsettias, evergreens, and other holiday plants in a vibrant and visually stunning setting. The event provides an immersive experience, inviting attendees to enjoy the magic of the holiday season through the diverse and meticulously arranged botanical exhibits.
  • The National Christmas Tree & Menorah: Now through January 1 you can visit the National Christmas Tree on the Ellipse. What you may not know is that it is surrounded by 58 trees from US states, territories, and schools managed by the Department of the Interior’s Bureau of Indian Education and the Department of Defense Education Activity. The Menorah will be lit on December 7th for the 1st Night of Chanukah.
  • Georgetown Glow: Georgetown GLOW, now in its 9th edition, will illuminate the Georgetown commercial district from December 1, 2023, to January 7, 2024, showcasing commissioned works by national and international artists. As the region’s only free curated outdoor public light art experience, GLOW transforms DC’s oldest neighborhood into a mesmerizing display of innovative light installations. The event, established in 2014, offers more than 30 walking tours, a special shopping night, cocktail crawl, and various other engaging activities alongside its captivating light art displays.

Northern Virginia

  • Meadowlark Botanical Garden’s Winter Walk of Lights: Now in its 12th year, the Meadowlark Botanical Gardens are transformed into an enchanting garden trail illuminated by countless sparkling lights. Visitors can enjoy an evening walk along the wheelchair and stroller-accessible half-mile paved trail, featuring lighted trees and displays with nature, winter, and holiday themes.
  • Bull Run Festival of Lights: Running until just after New Year’s Day, this light display offers a dazzling 2.5-mile drive-through experience. Families and friends can enjoy the festive spectacle by driving the illuminated route, turning off headlights to fully immerse in the magical glow. To beat the crowds, it’s recommended to attend on weekdays, as Fridays, Saturdays, Sundays, and the weeks surrounding Christmas are the busiest times.
  • Mount Vernon by Candlelight and Christmas Illuminations: This festive event held at George Washington’s Mount Vernon estate offers visitors a unique glimpse into 18th-century holiday traditions, featuring the iconic mansion adorned with candlelight, showcasing period decorations and providing a historical perspective on how the Washingtons celebrated Christmas. Guests can immerse themselves in the ambiance of the holiday season through guided tours, musical performances, and encounters with historical characters, making it a delightful and educational experience for all.
  • Holidays in Leesburg: This coming Saturday, enjoy the holiday parade in Downtown Leesburg. If you cannot make that event, the lights in the old town area are lovely. Enjoy a walk around town and pick up some gifts in the shops and a bite to eat at one of the great restaurants.
  • Winter Lantern Festival: This dazzling celebration features larger-than-life lantern displays and immersive experiences set against the city’s enchanting landscape. Visitors can explore a magical world of intricate lantern sculptures, cultural performances, and interactive exhibits, creating a vibrant and festive atmosphere. The festival in Tyson’s aims to bring together diverse communities to celebrate the winter season with breathtaking artistry and cultural festivities.

Maryland

  • Garden of Lights at Brookside Gardens: Hosted by Montgomery Parks, this dazzling winter attraction features a spectacular display of over one million colorful lights. Visitors can stroll through enchanting garden landscapes adorned with themed light installations, including a flowing stream of lights and a butterfly conservatory. This festive event offers a magical experience for families, creating a winter wonderland within the beautiful surroundings of Brookside Gardens.
  • Holiday Tree Light Show at National Harbor: This annual festive event transforms the waterfront destination into a winter wonderland. Featuring enchanting holiday decorations, twinkling lights, and a festive atmosphere, the event offers visitors a magical experience. Attendees can enjoy a variety of seasonal activities, including holiday shopping, dazzling light displays, visits with Santa, and a captivating short light show on the 60-foot tree adorned with over 2 million lights.
  • Watkins Regional Park Festival of Lights: The event showcases a dazzling display of holiday lights and decorations, creating a magical atmosphere for visitors of all ages. Attendees can enjoy a variety of seasonal activities, including light shows, music, and interactive exhibits, making it a joyful and family-friendly celebration during the holiday season
  • Sailing Through the Winter Solstice: This event, hosted by Visit Frederick, invites attendees to experience the joy of the holidays with a boat parade on Carroll Creek, featuring creatively decorated and illuminated boats. The festive atmosphere is enhanced with holiday music, entertainment, and a vibrant community gathering, making it a delightful winter celebration in downtown Frederick.

Properties on the Potomac is here year-round to meet your real estate needs. Don’t hesitate to give us a call at 703-624-8333 today!

on

by

The holiday season is upon us, and there’s no better time to infuse your home with warmth and coziness. Whether you’re hosting festive gatherings or creating a tranquil retreat for your family, here are some tips to make your home feel like a cozy haven during the holidays.

Warm Lighting: Replace harsh overhead lights with warm, soft lighting. Consider adding string lights, candles, or festive lanterns to create a warm and inviting atmosphere. Soft lighting can instantly transform the mood of a room, making it feel more intimate and cozy.

Layered Textures: Incorporate plush blankets, fluffy pillows, and soft rugs to add layers of texture to your living spaces. Not only do these elements make your home visually appealing, but they also provide physical comfort, making your space perfect for holiday lounging.

Cozy Nooks: Create cozy nooks throughout your home with reading corners or seating areas adorned with warm blankets and cushions. These designated spaces offer a perfect escape for relaxation or quiet moments during the busy holiday season.

Seasonal Scents: Embrace the power of scent to evoke holiday memories. Use scented candles, essential oil diffusers, or potpourri with fragrances like cinnamon, pine, or vanilla. The right scents can create a warm and inviting ambiance, making your home feel like a festive retreat.

Festive Decor: Infuse your home with holiday charm by incorporating festive decorations. From twinkling lights and ornaments to wreaths and garlands, decking the halls can instantly lift the spirits and make your home feel like a winter wonderland.

As you bask in the joy of the holidays, it’s also an ideal time to reflect on your living space and consider what truly makes a house feel like a home. If you find yourself dreaming of a new home for the upcoming year or contemplating the sale of your current property, why not turn those thoughts into action?

At Properties on the Potomac, we specialize in turning dreams into reality. Whether you’re looking to buy your next dream home or sell your current property, our team is here to guide you through the process with expertise and care. Contact us at 703-624-8333 today to turn your holiday aspirations into a New Year’s resolution for a new home. Cheers to a cozy holiday season and the exciting possibilities that the coming year may hold!