Fixer Uppers and Rehabs in Washington DC

If the DC metro area offers a sometimes confusing checkerboard of opportunities, the benefits for fixer uppers and rehabs remains a constant. Here's a few basic reasons why: Fixer uppers and rehab projects come with sharply-reduced prices. There are a number of construction and renovation loans that enable the buyer to quickly buy, fix and flip, or buy, fix and stay. You get to customize your home the way you've always wanted. Your home equity will rise at a much faster rate and provide additional financial opportunities. And finally, you wind up in a great house for a lot less money and isn't this the best reason of all?

Here's a little background. The first meaningful real estate recovery in the DC area began decades before the 2008 crash, as a response to widespread urban blight. There were numerous factors involved, including a lot of great old properties that had fallen into disrepair, rock-bottom prices and a local government that was eager to see the face of the nation renewed. It wasn't just DC's inner city either. All across the greater metropolitan area were neighborhoods with plenty of fixer uppers and rehabs.

Today, the real estate picture is much different than the 1990's. There may not be the same consistent pattern of opportunities for distressed properties but there are plenty of opportunities nonetheless. How is that so? The single largest factor is that the real estate market is still in a recovery mode. There are homes that have fallen into neglect more recently, or fixer uppers and rehabs where the work was never completed or even started, due to financial reasons. It also simply means a market where prices are lower than they once were, allowing for numerous targets of opportunity.

DC neighborhoods like Adams Morgan and Logan Circle largely escaped the devastating effects of the recent crash simply because they had already generated their own insulated bubble. On the other hand, Montgomery County in Maryland, along with Arlington, Virginia and other nearby areas, got caught up in the national dilemma. The economy was booming and so was the real estate market. From 2009 to just last year, property values in popular areas like Silver Springs and Gaithersburg in Montgomery County fell steeply. These and many other neighborhoods are now on the rise once again but still offer great fixer upper and rehab opportunities.

When it comes down to it, there's a great market for fixer uppers and rehabs all across the greater DC area. First, target the area that you most want to live in (or, simply renovate in). Then, familiarize yourself with the area's housing trends and stats. Do you want to gut an old row houses or would you rather rebuild a split-level suburban home? Check out the opportunities for short sales and foreclosures. Once you've completed your checklist, get ready to make an offer and then get out your tools (or your contact list for great designers). Your rehab project awaits you.

Search Washington DC Rehab Homes For Sale

All Listings $100,000 - $200,000 $200,000 - $300,000
$300,000 - $400,000 $400,000 - $500,000 $500,000 - $600,000
$600,000 - $700,000 $700,000 - $800,000 $800,000 - $900,000
Over $1,000,000
Price, High to Low
32 Properties Found. Page 1 of 3

4410 Stanford St

CHEVY CHASE, MD
$1,150,000

MLS#: MDMC672124
3 Bed, 2 Bath
2628 Sqft, 0.14 Acres
Residential

3800 Fairfax Dr #302

ARLINGTON, VA
$824,000

MLS#: VAAR155638
3 Bed, 2 Bath
1710 Sqft
Residential

Photo of Listing #1000050807

12101 Glen Mill Rd

POTOMAC, MD
$795,000

MLS#: 1000050807
3 Bed, 3 Bath
1960 Sqft, 2.02 Acres
Residential

Photo of Listing #DCDC443352

724 Oneida Pl Nw

WASHINGTON, DC
$715,000

MLS#: DCDC443352
4 Bed, 3½ Bath
1855 Sqft, 0.05 Acres
Residential

Photo of Listing #DCDC311106

1503 E St Se

WASHINGTON, DC
$670,000

MLS#: DCDC311106
3 Bed, 1 Bath
1406 Sqft, 0.02 Acres
Residential

5046 Meade St Ne

WASHINGTON, DC
$650,000

MLS#: DCDC401850
4 Bed, 3½ Bath
2770 Sqft, 0.07 Acres
Residential

629 Lamont St Nw

WASHINGTON, DC
$650,000

MLS#: DCDC445302
4 Bed, 2 Bath
1541 Sqft, 0.04 Acres
Residential

5048 Meade St Ne

WASHINGTON, DC
$625,000

MLS#: DCDC401848
4 Bed, 3½ Bath
2770 Sqft, 0.07 Acres
Residential

3309 E St Se

WASHINGTON, DC
$615,000

MLS#: DCDC442518
3 Bed, 2½ Bath
2300 Sqft, 0.14 Acres
Residential

4819 9th St S

ARLINGTON, VA
$610,000

MLS#: VAAR154996
5 Bed, 2 Bath
1944 Sqft, 0.11 Acres
Residential

2514 S Kenwood St

ARLINGTON, VA
$525,000

MLS#: VAAR153428
3 Bed, 1½ Bath
942 Sqft, 0.12 Acres
Residential

Photo of Listing #DCDC446906

3125 Hawthorne Dr Ne #3125

WASHINGTON, DC
$424,900

MLS#: DCDC446906
2 Bed, 1½ Bath
1100 Sqft, 0.06 Acres
Residential

13490 Old Columbia Pike

SILVER SPRING, MD
$400,000

MLS#: MDMC683062
5 Bed, 1½ Bath
1218 Sqft, 1.55 Acres
Residential

Photo of Listing #DCDC445780

710 Delafield St Ne

WASHINGTON, DC
$379,900

MLS#: DCDC445780
3 Bed, 1½ Bath
1620 Sqft, 0.05 Acres
Residential

Photo of Listing #DCDC441150

738 Longfellow St Nw #211

WASHINGTON, DC
$375,000

MLS#: DCDC441150
2 Bed, 1 Bath
825 Sqft, 0.01 Acres
Residential

 

 

The listing content relating to real estate for sale on this web site is courtesy of MRIS. Listing information comes from various brokers who participate in the MRIS IDX.Properties listed with brokerage firms other than Compass are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers.The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified.All listing information copyright MRIS 2019.

Listing information last updated on October 19th, 2019 at 10:15pm EDT.