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UrbanTurf Reader Asks: What and Where to Buy With $250K?

  • March 1st 2011

by UrbanTurf Staff

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UrbanTurf Reader Asks: What and Where to Buy With $250K?: Figure 1
Homes in Brightwood

In this installment of UrbanTurf Reader Asks, a first-time buyer with a budget of around $250,000 asks the UrbanTurf audience the eternal question: Where should I buy?

I’m looking for my first place in the DC area. I am one year out of college, work in finance, and currently live in Bethesda. I have been pre-approved for around $250,000, but will only be able to put up a small down payment. I’m looking to go the FHA route, and primarily looking at condos, ideally two-bedroom/two-bath listings with lowish condo fees, so that I could rent out one of the rooms. I work in Bethesda, but have a car, so I don’t need to be right near a Metro. I’m single so I am willing to buy in a place not quite there yet (SW Waterfront, Brightwood, etc). Like most buyers these days, the biggest thing that I am looking for is long-term investment potential. I don’t mind growing with an area. Thanks in advance for your recommendations!

Post your thoughts in the comments section. If you would like to submit a question for UrbanTurf Reader Asks, send an email to editor2011@urbanturf.com.

See other articles related to: dc condos, dclofts, home buying, urbanturf reader asks

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/urbanturf_reader_asks_what_and_where_to_buy_with_250k/3075.

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