Now is a great time to look into Chesapeake homes for sale; there are a variety of good reasons to invest in new homes Chesapeake. According to the National Association of realtors the median price of single family home is the lowest it has been in a decade. Furthermore real estate is a great investment. While rents are climbing the price of real estate is relatively low, meaning in the long term it is cheaper to buy a home than to rent. Mortgage rates are also quite low, helping to make homes for sale Chesapeake VA and homes for sale Norfolk Virginia quite affordable. In addition, according to Freddie Mac the average 30 year fixed rate mortgage, which is the most popular among home buyers, is only 3.59 percent, a record low.
Townhomes in Chesapeake VA can be a great option if you’re looking to purchase a new home. They can frequently be less expensive then a traditional home and often require less exterior maintenance. Furthermore, they often offer more security and come with community amenities such as swimming pools, tennis courts, and gyms. If you’re looking for townhomes in Chesapeake VA the first thing you should do is contact a realtor, as they can help to navigate you through the process of searching for and buying townhomes in Chesapeake VA.