Real Estate in Washington DC
Last updated on Oct 10, 2024
Summary: The most desirable neighborhoods in Washington DC, United States are Georgetown, Dupont Circle, Capitol Hill, and Adams Morgan. The average cost to buy a nice 2 bedroom home in Washington DC is around $600,000, while a nice 3 bedroom home can cost around $800,000. These properties typically include modern amenities such as stainless steel appliances, hardwood floors, and updated bathrooms. Foreign ownership of properties in Washington DC is allowed, however, there are certain restrictions that must be followed. For example, foreign buyers must obtain a valid visa and must be able to prove that they have the financial means to purchase the property. When searching for a home to buy in Washington DC, expats should consider their budget, desired location, and the type of amenities they are looking for. It is also important to research the local real estate market and to consult with a real estate agent who is familiar with the area.
What do I need to know when buying property in Washington DC?
When we asked expats what advice they would give a foreigner before buying a property in Washington DC, they said:
"When buying property in Washington DC, it is important to research the neighborhood and the local market. Make sure to get a home inspection to ensure the property is in good condition. Consider the cost of taxes, insurance, and other fees associated with owning a home. It is also important to understand the zoning laws and regulations in the area. Additionally, it is important to work with a real estate agent who is knowledgeable about the local market and can help you find the right property for your needs," wrote one expat who made the move to Washington DC.
Are foreigners allowed to own property in Washington DC?
When we asked expats what advice they would give a foreigner before buying a property in Washington DC, they said...
"Yes, foreigners are allowed to own property in Washington DC. The District of Columbia does not have any restrictions on foreign ownership of real estate. However, foreign buyers must be aware of the federal laws that apply to foreign investment in the United States. Additionally, foreign buyers must also be aware of the local laws and regulations that apply to real estate transactions in the District of Columbia," said one person in Washington DC.
What appliances are typically included in a rental?
We asked foreigners in Washington DC what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"In Washington DC, rental properties typically include a refrigerator, stove, oven, dishwasher, and washer and dryer. Other appliances such as microwaves, garbage disposals, and air conditioners may also be included depending on the property," wrote one expat who made the move to Washington DC.
Additional Information about Searching for a Home in Washington DC:
We asked foreigners in Washington DC what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats looking for homes in Washington DC can search online for listings on real estate websites, such as Zillow or Redfin. They can also contact local real estate agents who specialize in helping expats find homes in the area. Additionally, expats can search for rental listings on websites such as Craigslist or Apartments.com. Finally, expats can attend open houses or join online expat communities to network and find out about available homes in the area," explained one foreigner living in Washington DC, the United States.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
Additional Information:
- Expat Guide to Washington DC
- Best Bookstores and Libraries in Washington DC
- Fun Classes for Expats Living in Washington DC
- Public Transportation in Washington DC
- Best Markets in Washington DC
- Retire in Washington DC Guide
- 7 Tips for Living in Washington DC
- Pros & Cons of Living in Washington DC
- Cost of Living in Washington DC
- Health Care in Washington DC
- Discovering the Best of Washington DC
- Healthcare in Washington, DC
- Washington, D.C.
- Best Places to Live in Washington, DC
- Healthcare & Health Insurance in Wash DC
- 5 Tips For Tech Jobs in Washington DC