Wonderful large, bright and airy retail unit on main and lower level now available for sublease initially, with the option to negotiate a longer term lease with the owner. Just a short stroll from Washington Street, the unit has been used most recently as a high end home furnishings showroom, but would be ideally suited for numerous retail operations, and is nestled between several other high quality retail establishments. The main floor is well lit, with large windows at the front and rear, and benefits from high cathedral ceilings with recently installed wood beams concealing integral lighting cables. With a virtually unobstructed 64' x 12'5" main level, the unit offers excellent display and staging space. The lower level, with access from the rear parking lot, which includes spaces for the tenant, virtually mirrors the main floor and includes a large storage room, closet, bathroom and entryway. This large lower level has served as a client consultation space for interior design, including product displays. An open plan staircase connects both floors. $2,400/month
The past year has seen so much upheaval globally due to the COVID-19 pandemic. An unexpected effect of this in the local countryside real estate market has been a significant uptick in sales, and corresponding reduction in available inventory. The net result has been property value increases and bidding wars being the norm, rather than the exception.
Recently, the respected Loudoun County, Virginia magazine, Leesburg Lifestyle magazine arranged an interview at the Hunt Country Sotheby’s International Realty Leesburg main office with my industry friend and colleague, Debbie Meighan of Washington Fine Properties and myself.
We are delighted to exhibit beautiful horse and animal artwork by Isabelle Truchon at our Middleburg office. Isabelle, who last year relocated from Loudoun County to Oregon, has passionately painted horses and animals for many years. Her polo art is very popular and, we hope, she will paint more of that fast and amazing sport.
My quick tour below shows our current paintings, all of which are also available for sale - except for our own polo canvas.
Please contact me if you would like to see Isabelle's currently available paintings at our office, Hunt Country Sotheby’s International Realty, 2 W. Washington Street, Middleburg, VA 20117.
Virginia, a southeastern coastal state, hugs the Chesapeake Bay to the east and the Appalachian Mountains to the west. One of the 13 original colonies, Virginia is home to around 8.5 million people, approximately 15% of whom are aged 65 and older. This senior population is expected to double between 2010 and 2030, with around 20% of the population over age 65 by 2030. This means that a significant number of seniors currently need and will continue to need assisted living care.
According to Genworth Financial’s 2019 Cost of Care Survey, assisted living in Virginia costs an average of $4,800 per month. This is around $750 higher than the national average of $4,051. However, there are several resources available to help Virginia seniors with assisted living expenses.
This guide serves as an overview of the costs of assisted living care in Virginia and financial resources that may help pay for care, as well as assisted living facility policies.
Covid-19 Rules and Restrictions for Virginia Senior Living Facilities
The following rules and guidelines were obtained from the Virginia Department of Health website, as well as other state-level government sites. Among others, these rules apply to assisted living.
This data has been most recently updated on 7/2/20, but keep in mind that COVID-19 is a rapidly evolving crisis, so all of the below information can change at any time. For additional questions and up-to-date information, you can contact your loved one’s senior living facility or your local Area Agency on Aging.
Visiting Loved Ones
Outings and Group Activities
Safety Measures for Staff & Contractors
Safety Measures for Residents
Paying for Senior Living in Virginia
Assisted living facilities are a great option for seniors living in Virginia, but they are not the only avenue for senior care. Those who want more affordable options may consider adult day care or in-home health services. However, those with more serious health issues may require nursing home care.
The Cost of Assisted Living in Virginia
According to Genworth Financial’s 2019 Cost of Care Survey, seniors in Virginia can expect to pay around $4,800 per month for assisted living. This is higher than the national average of $4,051. It is also more expensive than all surrounding states, including Kentucky, West Virginia, and North Carolina.
Cost of In-Home Care in Virginia
Compared to the United States’ average and that of four surrounding states, the cost of in-home care in The Old Dominion state is close to the median with its monthly rate of $4,195. That’s lower than the national average by $95 per month and Maryland by $286 per month. The cost of supportive in-home services like housekeeping and shopping in Virginia is a bit higher than in three nearby states though. On average, home care providers in West Virginia charge $3,432 monthly and those in both North Carolina and Kentucky ask for $3,813.
The Cost of Nursing Home Care in Virginia
Nursing home care can be very costly due to the extent of specialized services required on a continual basis. Virginians will likely love that nursing home care costs in their state are below the U.S. average of $7,513. At $7,350 per month, Virginia’s seniors pay on average $163 a month less than their peers in other states. They save even more money when compared to those in Maryland ($9,673) and West Virginia ($10, 707). Budget conscious seniors can find even lower fees in North Carolina and Kentucky.
Financial Assistance for Senior Living in Virginia
I am so pleased with this new listing, an exquisite home built in 2006 by Cumberland Custom Homes on 10.3 acres just west of the Town of Hillsboro, Virginia.
As you will see from the photos, this house is beautifully sited in the woods, just up a private gravel road, which serves six houses on 60 acres, and which is accessed by a community electric security gate.
A Generac backup generator has been installed so that, in the unusual event of a power outage, it will engage automatically to provide a significant amount of the power needed in the house.
Priced incredibly competitively at $695,000, this property may go before it even hits the market.
Check out the full details HERE.
Traditionally, we Realtors host face to face broker and public open houses, which enable us to promote our listings, and get the word out about a specific property. That all changed with the onset of this pandemic. Now, thanks to video, and live electronic meeting programs, we have the opportunity to host virtual open houses, where the listing agent schedules an open house as normal, bute adopts a platform such as Facebook Live, Zoom, Facetime or other similar live two-way video feed to 'virtually' show the property.
I'll be hosting my first virtual open house this Sunday April 19th, 2020 between 1:00 p.m. and 2:00 p.m., at 3 Chinn Lane, Middleburg, VA 20117 , and I am pretty psyched about it! And mildly apprehensive too...as happens with something new.
Further, for this first virtual open house, I will be interviewing my client, the seller, while we both adhere to strict social distancing guidelines. Prospective buyers and their representatives will have the opportunity to ask her about her house, why she purchased it in the first place and what she loves about it. And what she will miss.
Stay safe, look out for one another - we are in it together.
868 Estate Vineyards, located just west of the Town of Hillsboro in Loudoun County, Virginia accomplished this impressive feat in February 2020 when it triumphed over 105 competitor vineyards, which entered no fewer than 530 wines, to become the 2020 Virginia Governor’s Cup outright winner.
868’s winning wine was its 2017 Vidal Blanc Passito, made from the American hybrid grape, Vidal Blanc, and made using the Italian appassimento method. This technique is one where the grapes are partially dried for a month in shallow baskets in order to produce a highly concentrated sugar content. The result is a rich, sweet and intense honey, pineapple and tropical fruit flavor, best served cold.
The idea behind this particular varietal was the brainchild of winemaker, co-owner and company president, Carl Di Manno who, together with fellow owners Peter Deliso and Wendy Charron, purchased the 120-acre property, which included renowned farm to fork restaurant, Grandale Farm restaurant, in 2011. Saving it from becoming what was destined to be just another housing subdivision, 868 Estate Vineyards was founded. Now, less than a decade later, the Governor’s Cup resides proudly in the 868 Estate Vineyards tasting room, where it will remain until next year’s winner is announced.
Grandale Farm’s executive chef and co-founder, Author Clark, had been creating exquisite dishes for its discerning clientele since the restaurant opened in 2005 until late 2019, when Chef Clark passed the baton to Chef Thomas Kozak. Today, Grandale offers all of 868’s wines to its diners which include its Chardonel, Chardonnay, Cabernet Franc, Merlot, Cabernet Sauvignon and Canvas White, a blend of Chardonel and Vidal Blanc.
Initial grapevine planting took place in 2012, and resulted in 10 acres of vines which has expanded to 22 acres during the intervening eight years. Visitors enjoy their favorite wines either in the tasting room, conveniently located opposite the restaurant, or outside under or by the pavilion. Notably, all of the grapes which went into the winning wine came from the estate’s one third acre, dedicated Vidal Blanc vineyard block!
In addition to the tasting room and restaurant, 868 takes art seriously, with local artists from Loudoun and Fairfax Counties in Virginia, Montgomery County in Maryland and Jefferson County in West Virginia exhibiting and offering their works for sale for three months at a time.
Events at 868 include several weddings and corporate gatherings annually plus festivities tailored specifically for ‘Elevation Club’ members, patrons who have committed to buying one case per year, picked up four times annually.
In the words of Peter Deliso’s wife, Nancy, 868’s Marketing Director, “868 Estate Vineyards is an avid proponent of a culture of wine, food, art and nature, all of which flourish at the property”. These four values appear to resonate with a lot of folks judging by the number of people coming and going during my visit.
868 Estate Vineyards and Grandale Farm Restaurant are located at 14001 Harpers Ferry Road, Hillsboro, VA 20132. (540) 668-7008
Originally published in the spring 2020 edition of Country Zest & Style magazine - words and photos by Peter Leonard-Morgan
What Makes for a Promising Property?
There are many things that contribute to how profitable an investment property is. Topping the list is location. For example, when you look at the available data, Virginia offers a profitable rental market, both for short- and long-term rental properties. The vacation rental market and the residential market both reflect a strong history, with the price-to-rent ratio teetering on the top edge favorability for renters. That means residential renters will find it more desirable to rent than buy when they examine their finances.
Beyond the numbers, the property itself should offer desirability to renters. Residential renters will look carefully at things like the suburb, available storage, and neutral decor. Evolve notes vacationers, on the other hand, search for things like a useful kitchen, wifi availability, parking, and pet-friendliness. In both cases, eye appeal will always be important, and better renters will be willing to pay more for an aesthetically pleasing environment.
How Do You Attract Renters?
Once you settle on a property, you’ll want to ensure it both attracts quality renters and is reasonably easy to maintain. For a vacation rental, this might mean including classic and well-made furniture, ample lighting, and a touch of luxury. For both vacation and residential properties, it should include upgrades like refreshed cabinetry, newly painted walls, low-maintenance (but well-maintained) landscaping, and hardwood floors.
Selections like these will spark interest from renters while ensuring your upkeep is minimal. For example, hardwood floors will stand up far better to renter wear and tear than carpet, and they are in high demand these days. Even if renters ding it up, the average cost to refinish hardwood comes in at $3 to $8 per square foot, which is unlikely to be needed very often. On the other hand, carpet would most likely require replacement more frequently, and would look worn as soon as the first grape juice gets spilled. Per Carpet Captain, you can expect the lowest end carpet to run $1 per square foot.
Of course, once your property is all prettied up, you need to get the word out about what a great location it’s in, and how beautiful and comfortable it is. BiggerPockets points out that since everyone is shopping online these days, professional photos are a must for effective property marketing.
What Are Your Responsibilities?
As a property owner, your responsibilities center around providing a functional and safe living space. That means when things break, it falls to you to ensure they get repaired in a timely manner. The more responsive you are to requests, the better chance you have of getting and keeping quality renters, too. This means late-night calls, bills from repairmen, and so forth.
Some property owners elect to pass the daily grind to a property management company. These professional services can tackle everything from properly screening tenants to hiring maintenance work while you enjoy passive income. Generally speaking, you can expect to pay a property management agency between 8 and 12 percent of the monthly rent.
It’s normal to have a lot of questions buzzing through your mind when you are investing a large sum of money. Take things slowly and do it the right way. That’s the primary secret in ensuring a favorable outcome with your first investment property.
Peter writes for his local magazine, Country Zest & Style, as its Wine Editor. He also enjoys writing blogs on interesting and pertinent real estate matters, so please follow!
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