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Updated over 8 years ago,
Looking to buy in Williamsburg, VA... best way to start?
Greetings, BPers,
I am looking to buy a SFH in the Williamsburg, VA area (where I have lived for the last two years, but am currently renting on a local military base, and am about to retire). My goal is to buy a house, remodel it to my liking, but then rent it out in about five years when I will probably move to another state. I am single and am not too picky on the location or schools.
In your experience, what are the decent neighborhoods that appeal to renters in this area? Kingmill (though I have heard that Kingsmill is not landlord friendly)? Queen's Lake? The Skimino area? Gated communities?
I assume I should find a real estate agent that is also familiar with property management and can answer such questions? Any recommendations?
Seems like Williamsburg has a LOT of inventory right now. That's great for me as a buyer now, but not so great for me as a seller in five years (though, who knows what will happen over the next five years, of course). Any thoughts on the current market in general?
I was hoping to ask all these questions at a the local PREIA, but had not been able to attend any due to work commitments.
Thanks for anyone's advice or thoughts,
J