Market Conditions in Reston>Question Details

Restonianbuy…, Home Buyer in Reston, VA

I am considering buying a TH in S. Reston near (<Mile) the Wiehle metro stop on the assumption its value will increase significanlty. Is this?

Asked by Restonianbuyer, Reston, VA Fri Jan 28, 2011

likely?

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With the metro going in there is that possibility, but one cannot predict the future. Prices of places listed today also semi-reflect the fact that the metro is going in. If you are going to be there for some time then yes it is a good investment, real estate overall is a good investment over the long-term. There is the possibility that you might be able to sell the place in a few years once the metro is up and running for a profit, but one cannot say that for-sure.
0 votes Thank Flag Link Sun Jan 30, 2011
That is a speculative purchase. If you are purchasing to live there for many years, your thought process should not be overly concerned about short-term gain. Unfortunately, there is no way to effectively predict future value.

Robert Greenblatt
Keller Williams
0 votes Thank Flag Link Sun Jan 30, 2011
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