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Condo, co-op policies protect your investment

To rent or buy? Depends on your situation

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buying, real estate, for sale, gay news, Washington Blade
for sale, gay news, Washington Blade

Not only are D.C. resident nomads less likely to buy a home, but they sometimes are apprehensive of homes’ rental policies in anticipation that they need to lease out their place, particularly a condo. (Photo by Bigstock)

By SAMMY DWECK

With a homeownership rate at 45 percent, Washington is home to fewer homeowners than any of the 50 states, even New York, which has a homeownership rate of 54 percent. Not only are D.C. resident nomads less likely to buy a home, but they sometimes are apprehensive of homes’ rental policies in anticipation that they need to lease out their place, particularly a condo.

Rental policies exist in some buildings and govern how long you can rent your unit and how many units in a building can be rented at once. Buyers often imagine keeping a property for decades as an investment, but they sometimes neglect to consider that their next investment will likely require the equity (and profit) from their first home.

The rental restrictions some buyers reel against actually protect their investments. Lower “investor ratios,” meaning more owner-occupants usually come with the substantial perk of a well-maintained building and keep financing flowing to the building. Last week, my client and I stumbled upon a darling property near Logan Circle but we both noticed that the dozen-unit building seemed well overdue for a facelift. As it turns out, 75 percent of the units in the building were leased. Absentee owners typically don’t have a vested interest in spending on maintenance and improvements until the roof starts caving in. My client decided to pass on this property in favor of one in a building that was better cared for.

Condos have traditionally provided more rental flexibility than cooperatives, but this is changing as condo boards smarten up in response to the challenges of today’s tighter financing climate as well as complaints from owners’ occupants about unruly tenants and neglected hallways. Limiting the search to condos ignores the inventory and options that come with a whole segment of the market. Co-ops can make a great home for first-time buyers. For some, a co-op evokes the idea of a fussy, restrictive Old New York institution that excludes people and controls the way you live — oh, and you can’t rent it. This is a misperception, particularly in Washington.

Some agents are not as well-versed in co-ops as they are in condos and choose to direct clients away from them rather than explaining the merits of a different kind of ownership. In fact, before condos ever existed in D.C. in the early 1970s, co-ops were the only way to own an apartment unit in Washington. Co-ops tend to have rental restrictions to preserve the cooperative character of the building but also to protect owners’ mortgage interest tax deductions and D.C. Homestead Exemptions.

Co-ops can be fabulous homes and wonderfully advantageous tax vehicles for the right purchasers. In addition to generally coming with much lower property taxes resulting in a reduced overall monthly cost of ownership, compared to condos, you’ll usually get a lot more square footage in a co-op for the same price as a condo in the same neighborhood. And you can generally rent them – regulations vary from building to building but you can be assured that tenants will be more qualified and sometimes better behaved than condo tenants. The cooperative board’s requirement for approval adds a layer that results in a lower overall incidence of short sales and foreclosures in a building, which help protect the value of other units. Fewer delinquencies in payment of maintenance charges balance the building’s budget. Closing costs are lower as individual shareholders in cooperatives do not have to buy title insurance (about 1 percent of the purchase price).

So, buyers, whether condo or co-op, don’t write off buildings just because of leasing policies. Those policies can do wonders to protect the quality of life and financials of your building and when you move up, you are probably going to want your cash anyway.

Sammy Dweck of The Amber & Sammy Group with Evers & Co. Real Estate, Inc., is a licensed real estate agent specializing in townhouse, condo and co-op sales inside the Beltway. Reach him at G[email protected] or 202-716-0400.

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Autos

Sporty sedans: BMW 530i xDrive, Mercedes AMG CLA 3

Tariffs are here and the result is financial chaos

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BMW 530i xDRIVE

It’s official: Tariffs are here, and the result is financial chaos. 

So, what to do when purchasing a new vehicle? If you need one in the not-so-distant future, buy sooner (like yesterday) rather than later. Expect prices to rise quickly, as inventory dwindles, demand soars, and automaker incentives evaporate. Of course, if a new ride isn’t a priority for at least a year or three, then hold off until the dust settles. 

But for those of you looking for new wheels now, I recently drove two sport sedans that were a pleasant reprieve from the usual plethora of pickups, minivans, and SUVs. 

BMW 530i xDRIVE

$63,000

MPG: 28 city/35 highway

0 to 60 mph: 5.5 seconds

Cargo space: 18.4 cu. ft. 

PROS: Rakish looks. Race-car vibe. Rock-star amenities. 

CONS: Rad-but-quirky infotainment system. Rich price.

IN A NUTSHELL: Classic good looks, from the iconic grille and swept-back headlights to chiseled side panels and a tasteful tush. For a gearhead like me, the BMW 530i xDrive — completely redesigned last year — is as rapturous as Michelangelo’s David. Everything here is in proportion, from the design to the drivetrain, which — along with a gutsy 255-hp turbo and all-wheel drive — helps deliver a divine experience behind the wheel. Even better, my test car came equipped with the heavenly M-Sport Package: 21-inch wheels, athletic suspension, and assorted styling upgrades. 

A tech-laden cabin is outfitted with a sparkly 12.3-inch digital instrument cluster and 14.9-inch touchscreen infotainment system. With the windshield head-up display and a slew of knobs and toggle switches in the center console and on the steering wheel, I wondered if this is how it feels to pilot the Space Shuttle. There is even a back-lit interaction bar with touch-sensitive controls to adjust vent direction and other climate control settings. 

All this gadgetry takes some getting used to, but the overall effect is dazzling. While a 12-speaker Harman Kardon stereo comes standard, I was jammin’ to the 16-speaker Bowers & Wilkins premium audio. Of course, such options add up quickly (on my test car, the extras totaled $13,000). 

Just how fun is this car? In my favorite episode of “Hacks,” sassy Jean Smart drives a rockin’ Rolls Royce Wraith. Trust me, this four-door BMW is every bit the badass as that $300,000 super coupe. 

MERCEDES AMG CLA 35

$58,000

MPG: 22 city/29 highway

0 to 60 mph: 4.8 seconds

Cargo space: 11.6 cu. ft. 

PROS: Slick styling. Spiffy cabin. Sublime seats.

CONS: Smallish trunk. So-so rear headroom and legroom.

IN A NUTSHELL: Need a smaller sedan that’s just as marvy as the midsize BMW i530? Look no further than the compact Mercedes CLA-Class, which is 14 inches shorter. That’s a benefit when jockeying for parking or navigating rush hour.

Another plus: This is Mercedes’s least expensive sedan, available in three trim levels. All come with the same potent turbo but in varying power levels. The base model starts at $46,000, but I tested the first of two high-performance versions: the AMG CLA 35, which costs $12,000 more. You can open your wallet even further to snag the $67,000 AMG CLA 45. 

But why bother? The AMG CLA 35 is plenty quick — faster than the BMW i530 — and boasts sport-tuned brakes, deft handling and a gritty-sounding exhaust system. The laundry list of standard features includes all-wheel drive, automated parking, gobs of the latest safety gizmos and even something called “safe-exit assist,” which prevents passengers from opening a door into traffic or speeding cyclists. 

The interior is pure Mercedes, with top-notch materials, customizable ambient lighting and Burmester surround-sound audio. The overall layout—sleek and modern, but with elegant stitching in the seats and on the door panels and dashboard—is comfortable and user-friendly. Digital displays and touchscreens are similar to what’s in the BMW i530, just smaller. 

Size matters, of course, which is why this vehicle’s shorter length can be a blessing but also a curse, especially when trying to squeeze passengers with longer legs into the backseats. And the dramatically sloped roofline, attractive from the outside, limits the amount of rear headroom and cargo space. Thank the automotive gods for panoramic sunroofs, which—at least for anyone in the front seats—makes this cabin feel surprisingly spacious.  

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Real Estate

Spring updates to sell your home for pride and profit

Consider new landscaping, power washing, creative staging

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Enhance your curb appeal with fresh landscaping before you sell. (Photo by Elena_Alex_photo/Bigstock)

Selling a home is a big deal for anyone, but for members of the LGBTQ+ community, it comes with unique considerations—from finding affirming professionals to ensuring your home is represented in a way that reflects your values. Whether you’re a first-time gay home seller or a seasoned LGBTQ+ homeowner looking to move up, maximizing your home’s value is key to a successful and empowering sale.

Here’s how to prepare your home, your mindset, and your real estate strategy to get the most value—financially and emotionally—from your home sale.

1. Start with an LGBTQ+-Friendly Real Estate Agent

Before diving into renovations or staging, make sure your agent truly understands your needs. A gay-friendly or LGBTQ+-affirming real estate agent brings more than just market expertise—they bring cultural competence, safety awareness, and a network that supports you throughout the selling process.

At GayRealEstate.com, you can find experienced, vetted LGBTQ+ real estate agents who have been proudly serving the community for over 30 years. Working with someone who shares or supports your identity ensures your selling journey is respectful, inclusive, and effective.

2. Enhance Curb Appeal—With a Welcoming Vibe

The outside of your home is the first impression a potential buyer gets. Make it count—especially for LGBTQ+ buyers looking for a home that feels safe and welcoming.

  • Fresh landscaping: Add colorful flowers, neatly trimmed shrubs, or low-maintenance greenery to appeal to eco-conscious buyers.
  • Update the entrance: A new front door, stylish lighting, or even a rainbow doormat can make your home feel like a safe space from the start.
  • Clean and repair: Power wash the exterior, touch up paint, and make any necessary repairs to gutters, windows, or siding.

3. Stage with Intention and Inclusivity

Home staging can add thousands to your sale price. But beyond the usual decluttering and neutral palettes, think about how your space tells a story—and who it’s telling it to.

  • Create a warm, inclusive feel: Subtle touches like LGBTQ+ art, books, or even coffee table magazines can show off your personality and affirm the space for queer buyers.
  • Depersonalize—but don’t erase: You don’t need to hide your identity to appeal to buyers. Let your home feel lived in and loved—while still being a blank canvas others can imagine themselves in.
  • Highlight multi-use areas: Home offices, gender-neutral nurseries, or flex spaces resonate with LGBTQ+ families and professionals.

4. Update Kitchens and Bathrooms Strategically

These rooms matter most to buyers—and even small updates can yield big returns.

  • Kitchen: New cabinet hardware, a fresh backsplash, and modern lighting can elevate the entire room without a full remodel.
  • Bathroom: Replace old fixtures, re-caulk tubs and sinks, and add plush towels and inclusive décor.
  • Energy-efficient upgrades: Touchless faucets, smart appliances, or low-flow toilets are not only trendy—they signal sustainability, which matters to LGBTQ+ buyers.

5. Make Your Home More Energy Efficient

LGBTQ+ homebuyers often prioritize sustainability. These updates not only reduce energy bills but make your home more marketable.

  • Install a smart thermostat (like Nest or Ecobee)
  • Upgrade insulation or windows
  • Consider solar panels (especially in sun-drenched regions like California or Florida)

Bonus: You may qualify for state or federal tax credits, which can be a great selling point.

6. Know and Advocate for LGBTQ+ Housing Rights

Although housing discrimination is illegal under the Fair Housing Act, it still happens. As an LGBTQ+ seller, be aware of your rights—and those of potential buyers.

  • Avoid steering or bias: Even with good intentions, make sure you’re not inadvertently influencing who views or buys your home based on identity.
  • Work with affirming professionals: From inspectors to lenders, choose partners who support inclusive practices.
  • Report discrimination: If you or a buyer encounters bias, report it to HUD or your local housing authority.

7. Price Your Home Right—and Market It Smartly

Setting the right price is essential to maximizing value. Your LGBTQ+-friendly agent can run a comparative market analysis, considering current trends and buyer demographics.

  • Leverage LGBTQ+ real estate networks: Promote your home through platforms like GayRealEstate.com to reach an audience that understands and values your space.
  • Use inclusive language in listings: Avoid gendered terms or heteronormative assumptions. Instead of “his and hers closets,” use “dual walk-ins” or “double closets.”
  • High-quality photos and video tours: Showcase your home with professional, visually inclusive marketing that appeals to diverse buyers.

8. Consider Timing and Local LGBTQ+ Trends

Selling during WorldPride or just before local LGBTQ+ events may boost visibility. Also consider if you’re in or near an LGBTQ+ friendly city or neighborhood.

Not sure which areas are top destinations? GayRelocation.com tracks and shares the best cities for LGBTQ+ homebuyers, helping you tap into motivated buyers.

Final Thought: Sell with Confidence—and Community

Selling your home isn’t just about getting top dollar—it’s about closing a chapter with pride and integrity. When you center your values, work with LGBTQ+ affirming experts, and prepare your home with purpose, you’re not just maximizing your home’s value—you’re creating an empowering experience for yourself and the next owner.

Whether you’re buying, selling, or both—GayRealEstate.com is your trusted partner in every step of your journey. With a nationwide network of gay and lesbian realtors, decades of experience, and deep community ties, we ensure your home transition is safe, smart, and full of pride.

 GayRealEstate.com is the nation’s leading online platform connecting LGBTQ+ home buyers and sellers with LGBTQ+ friendly real estate agents, ensuring a safe and supportive experience.


Scott Helms is president of GayRealEstate.com. To find an agent or learn more, visit GayRealEstate.com, GayRelocation.com or call 1-888-420-MOVE.

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Real Estate

Navigating DMV real estate market during political unrest

Reductions in federal employment have introduced uncertainties

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Despite Elon Musk’s cuts to the federal workforce, D.C.’s real estate market continues to thrive. (Washington Blade file photo by Michael Key)

The  Washington, D.C.-Maryland-Virginia (DMV) region has long been recognized for its robust housing market, underpinned by the presence of the federal government and a diverse economic landscape. Recent massive reductions in federal employment have introduced uncertainties, yet the area continues to offer compelling reasons for prospective homebuyers, particularly within diverse communities.

While the federal government has traditionally been a significant employer in the DMV, the region has proactively diversified its economic base. Sectors such as technology, professional services, education, and healthcare have expanded, mitigating the impact of federal job cuts. This diversification fosters some economic resilience, which offers our area a semblance of protection against the impending unknowns that we currently face. Nothing can shield real estate entirely; however, our area tends to survive these types of changes better than other parts of the country.

Despite concerns over federal layoffs, the DMV housing market has demonstrated notable stability. Analyses indicate that the number of active listings, sold properties, and median sales prices have remained steady on a year-over-year basis. This steadiness suggests that the market is adapting to changes without significant disruption. 

Furthermore, while there has been a slight increase in home listings, this trend aligns with typical seasonal variations and does not solely reflect federal employment changes. The luxury property segment, in particular, continues to thrive, indicating sustained interest and investment in the region. 

The DMV region is renowned for its cultural and demographic diversity, with areas like Montgomery County, Md., being among the most ethnically diverse in the nation. This inclusivity extends to various communities, including LGBTQ individuals, fostering a welcoming environment that enhances the area’s appeal. Even though the current administration is fostering anti-diversity ideology, I remain confident that our LGBTQ community will continue to thrive even as these destructive forces work against us.

Local governments within the DMV have implemented policies aimed at promoting affordable housing and preventing displacement, particularly in the wake of economic shifts. Initiatives like the Douglass Community Land Trust in Washington, D.C., exemplify efforts to maintain housing affordability and support community stability. 

Additionally, jurisdictions such as Montgomery County have longstanding Moderately Priced Dwelling Unit (MPDU) programs that require developers to include affordable housing in new residential developments. These policies contribute to socioeconomically mixed neighborhoods, benefiting diverse populations. 

Despite Elon Musk’s brandishing of a chainsaw to the federal workforce, our real estate market continues to thrive. The DMV region maintains its appeal. Economic diversification, market stability, commitment to diversity and inclusion, and progressive housing policies collectively contribute to an environment that supports and attracts diverse communities. Prospective homebuyers can find reassurance in the region’s resilience and ongoing efforts to foster an inclusive and vibrant community. These are only a few among the many reasons to have a positive outlook while considering real estate options in our area.

It is important to consider working with brokerages, brokers, agents, lenders and title companies who align with our community and our objectives. Not all LGBTQ agents work for brokerages that support or understand the needs of the members of our community. Do your research and find out who has donated money to what political causes. Now more than ever we must support members of our community to protect our way of life and our very existence.


Stacey Williams-Zeiger is president/principal broker of Zeiger Realty Inc. Reach her at [email protected].

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