The Washington Post recently ran a front page article about neighbors combining resources to buy and renovate a 1920s house, rather than allowing it to become a McMansion. The coverage is testimony to the number of people who have strong feelings about older homes being torn down and newer, larger homes going up in their place.
It’s happening more and more frequently. Over the past couple of years, I am increasingly getting phone calls from past clients considering adding solar panels to their homes. From me, their real estate professional, they want a prediction of whether or not the panels will be a positive or a negative selling point.
Although the Washington, D.C. area tends to be fairly transient, with people moving in and moving out throughout the year, there are also very clear seasonal changes in the real estate market, which are good predictors of sales price and time on market.
Because of height restrictions put into effect in 1910, Washington, D.C. is a city with no skyscrapers. The limits imposed dictated that no building could be higher than the width of the adjacent street plus 20 feet. The Washington Monument, which is about 555 feet, remains the tallest building in the city because construction began at the end of the 19th century.