In order to operate a short-term or vacation rental in the District, the property must be owned by an individual, serve as a homeowner’s primary residence – with the owner being eligible to receive the Homestead Tax Deduction - and be properly licensed with DC’s Department of Buildings (DOB).
Buying a home in a competitive real estate market can be challenging, but with the right approach, you can increase your chances of finding and securing your dream home. Here are five tips for home buyers in a competitive real estate market:
When it comes to deciding whether to buy a home or rent one, many factors come into play. One of the most significant considerations is the current interest rate environment. High interest rates can make buying a home seem less attractive, but in reality, there are still several benefits to buying a home over renting, even when interest rates are high.
To register a rental property in the District of Columbia, you need to follow these steps
Home appraisers are professionals who provide an unbiased assessment of the value of a property. Their job is to determine the fair market value of a property by examining the property's features, assessing its condition, and analyzing comparable sales in the area. Lenders use appraisals to ensure that the property's value is in line with the loan amount being requested.
