Home Buying in Capitol Hill>Question Details

John, Home Buyer in Washington, DC

Which is poised for better investment returns, H ST area or near Ft. Totten metro?

Asked by John, Washington, DC Thu Mar 27, 2008

Hi, we're trying to choose between two similarly priced and sized homes. One is in the heart of the H St corridor, the other is closer to the Fort Totten metro. We know there are no guarantees, but which planned city development in those two areas do you experts feel is most likely to possibly net higher appreciation for homeowners and hopefully a better resale in 7 years?

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Dana Couch-davis’ answer
John it is very difficult to make predictions. There are so many factors that weigh into these considerations. One of the biggest factors is the economy (there's the e word). The previous administration and current administration in DC are committed to the H Street Corridor. They actually call it the "Atlas District" and I've seen it really grow over the past few years. I think while Ft. Totten is a growing area, the Atlas District is going to move so much faster and will be the new U Street.

Dana Couch-Davis
Associate Broker
Coldwell Banker Residential Brokerage
5028 Wisconsin Ave NW
Washington, DC 20016
202-384-3075 cell
202-362-5800 office
0 votes Thank Flag Link Fri May 16, 2008
The H Street Corridor is the better investment. The closer in to Downtown and Capitol Hill you are, the better the investment. Period.

Also, check out Historic Anacostia if you are looking for a great investment!
0 votes Thank Flag Link Mon Apr 28, 2008
You're absolutely right John. It is very hard to predict the real estate market because nobody really knows. Predictions on appreciation are very difficult to make. But Washington,DC is still one of the hottest real estate markets. However,this is a great time to buy. Interest rates are historically low and it is still a buyers market. And with the amount of inventory currently still on the market,you are more than likely to find the house that best suits your wants,needs and lifestyle. But if you buy now and sell seven years later,you are going to get a capital gains tax. You need to live in your house two out of the five years to get a capital gains tax of $250,000 ( $500,000 ) if you are married. Hope my comments helped.

Lanre Folayan "Buy a home in Washington,DC"
Real Estate Professional
Exit Premier Realty
9701 Apollo Drive
Suite 101
Largo,Maryland 20774
( 202 ) 378-0283 ( Direct )
( 301 ) 560-1154 ( Office )
( 301 ) 364-5305 ( Fax )
0 votes Thank Flag Link Thu Mar 27, 2008
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