It’s not easy to find a place that feels like home. Especially for families where there are a lot of things to prioritize like kids, education, work among other things. But good news for house hunters here in Virginia, they don’t have to look so far.
Fairfax is here to offer everything for everyone. It’s a popular dense suburb just miles away from Washington D.C. In fact, it’s even one of the best places to live in Virginia.
It has a very dense population which satisfies both the peaceful suburban feel with a touch of urban buzz. It also gives a more affordable option compared to the expensive and luxurious living in the capital.
Nevertheless, if you’re looking for high-end real estate, Fairfax also boasts a number of wealthy communities with single family homes. The price range of these luxury homes start from a million dollars to a whopping 6 million 6.63 acre land. Check out a list of luxury homes for sale in Fairfax, VA here at Fred’s Properties. Maybe you’ll find something here that fits your exquisite style.
What are luxury homes?
Luxury homes are single family homes commonly known for costing a million dollars and more. Truth is, it’s not always the case. According to Redfin, luxury homes are usually classified belonging to the top 5% of the properties in the area. That means, it does not necessarily mean that it’s always $1 million in value. It is more dependent on the market value of the area.
But understandably, anything that costs so much usually has higher demands because it delivers quality. That’s what we all expect from luxury homes.
These properties are built as independent structures sitting on their own lands. The luxury label is often defined by many factors such as:
- Location: For most, a “prime” location is one that is near the capital or urban life but still has a suburban feel. That is, it has access to a large number of work and education opportunities. It also means accessibility to schools, groceries, malls, and other necessary things.
- Size: The size usually doesn’t matter as pointed out by many realtors. In fact they don’t even use it as much even when differentiating single family homes from mansions.
- Amenities: For the interior, high-end buyers usually look for custom interior finishes with large closet space and a relaxing soaking tub. For the exterior, a pool and landscaping area with a patio and outdoor entertaining space add luxury points.
Additionally, smart features are also now included in the value. But if you are not sure whether the luxury home you’re viewing is indeed a luxurious one, consult a luxury real estate broker. A luxury broker is equipped with basic market knowledge and can provide you with the information you need. Not to mention that he/she also has the best and top agent who can also help you out in scouting for luxury homes.
Are luxury homes good investments?
The quick answer to the question is yes. Luxury homes are good investments and studies support this. In general, any real estate is considered a steady investment that appreciates value with also a lot of benefits. Even more so, high-end real estate has seen growth over the past months during the pandemic.
Luxury brokers and top agents alike have explained this phenomenon. With the lockdown and the extension of work-from-home setup, families are looking for larger and more spacious single family homes. They want a comfortable place to relax after a long day of work. It’s a bonus when it also has a breathtaking view of nature.
Another reason with the boom in high-end real estate is the current need for families to have secondary homes. These luxury homes serve as a vacation place for a change in scenery especially now that vacations themselves are luxuries. This way, families still get to enjoy bonding sessions without compromising health and safety.
Tip in Purchasing Luxury Homes
It pays to be smart especially when purchasing expensive homes.
Hire a luxury real estate broker. When you’re vying for a luxury home out of your neighborhood, it pays to have someone who knows the place the best. They can help you out in making the scouting process easier as well as the buy and sell. Or if there’s none, get yourself a top agent in the field.
Why purchase luxury homes for sale in Fairfax, VA?
Fairfax is the most expensive place to live in Virginia. In a 2018 article, residents need to make $4,754 every month to maintain a modest standard of living here. Nevertheless, Fairfax has a thriving economy and working opportunities to support a luxurious lifestyle.
It hosts many government agencies and intelligence agencies including the FBIA, NGIA, and others. Aside from that, 10 of the Fortune Five Hundred companies are headquartered here. Its location which is situated directly to the west of the Washington D.C. and the Alexandria metro area also makes it a hub for workers.
To prove that the economy of Fairfax is alive and well, seventy-one (71%) percent of the properties here are owned. Only 21% of the single family homes here are rented.
For families, no need to worry. Fairfax is home of highly-rated public schools. More importantly, it is also considered as the best college town thanks to George Mason University. It is a significant public research university in the Commonwealth of Virginia and a hotspot for the intellectuals. Aside from George Mason University, there’s also the Northern Virginia Community College which is a perfect place to get a degree.
Last but not the least, it offers a well-organized public transportation. It has sophisticated yet affordable taxicab services. Their taxicab service is even rated a golden star! From the best airport taxi service Fairfax, taxi for business to package delivery by taxi and wheelchair taxi service, you can rely on them!
Be part of the people who find Fairfax a home. Go purchase from luxury homes for sale in Fairfax, VA.
