As growing numbers of people start to flock to the suburbs instead of metropolitan areas, now is the perfect time for you to rent out your home in Ashburn.
Although life is starting to return to normal and many COVID restrictions have been lifted, many of the trends that bolstered nearly unprecedented rental rate increases in suburban areas are here to stay. Renters in the Washington, D.C. area want larger homes in more affordable areas without sacrificing the amenities that come from living in metropolitan areas, making suburbs and exurbs of Northern Virginia the ideal place to find a home. In fact, according to a Realtor.com report, 51% of property searches on their site from people living in metro areas were for homes in neighboring suburbs.
If you own a home in Ashburn, Virginia, you have the potential to make a significant profit by renting out your property. If you have been on the fence about renting out your Ashburn property, here are three key reasons why you should consider taking the leap:
Growing Rental Rates in Ashburn, VA
The main reason why you should think about renting out your property is to make money. Renting out a home can be a complicated process, so if you’re not making a profit, what’s the point?
Fortunately, you don’t have to wonder whether you’ll make a decent profit if you are renting out a home in Ashburn. As people continue to look for homes in suburban areas, rental prices in Ashburn are continuing to rise. If you work with the right property management company to help you capitalize on these rising rates, renting your home can be a highly profitable venture.
The average rent for a unit in Ashburn is $2,016 per month, which is a 13% increase since 2020. Trends are showing that this is only going to continue to increase in the coming months and years as more people push for more spacious homes in areas with manageable costs of living.
If you choose to rent out your home this year, you can take advantage of these rising rates and guarantee that you’ll make a profit for years to come. This is especially true if you have a larger property with multiple bedrooms. As more people start to transition to working remotely, many are looking for homes with designated office spaces and enough square footage for people to work at home with their partners without feeling like they are in each other’s space. A Zillow survey found that almost a third of remote workers would consider moving to a home with an office space.
People want to move to the suburbs, and rental rates are rising accordingly. If you have a spacious property in Ashburn, you will have no issue making a profit when you rent it out.
What Makes Ashburn, VA a Great Place to Live
Even if you know how much rental rates are rising, you may still be hesitant to rent out your home out of fear that you won’t find tenants who want to rent out your home.
While this would ordinarily be a valid concern, you will not have to worry at all about finding someone to rent your home in Ashburn for two main reasons:
- When you work with a great property management company like RentSimple, they find high-quality tenants for you, so you can have great tenants without any headache or hassle.
- Ashburn is one of the top places to live, not only in Northern Virginia, but also in the United States, so there will always be people moving to this area looking to rent homes.
Money magazine recently named Ashburn as one of the 50 best places to live in the United States based on safety, cost of living, and amenities among other factors. People are vying to live in Ashburn, and you are sure to have plenty of tenants to choose from when you rent out your property.
Here are a few features that draw people to Ashburn:
Ashburn has many neighborhoods and subdivisions that are popular for their great amenities, safe communities, and beautiful homes.
Neighborhoods like Ashburn Village, Belmont Country Club, Goose Creek Village, and Loudoun Valley Estates are highly coveted neighborhoods due to their breathtaking homes and access to fantastic schools, amenities like golf courses, pools, and tennis courts.
For the active family, Ashburn Village has a sports pavilion, recreational centers, and serene lakes and ponds. Belmont Country Club is a lovely golf community home to the pristine, 18-hole Arnold Palmer Signature Golf Course. Those who love to shop enjoy Goose Creek Village, which has luxury homes and apartments called The Heights close to a premier lifestyle shopping center. In addition to having some of the best schools in the area, Loudoun Valley Estates offers pools, tennis courts, and a family center.
Thousands of couples and families live in these areas and countless more browse for homes in these areas on Zillow and Realtor.com
If you have a property in one of these neighborhoods, there will always be people interested in renting out your home.
High Quality Schools
Niche ranks public schools in Ashburn, VA in the top 5% of public schools in the entire state of Virginia. Ashburn is home to Loudoun Co Public Schools, one of the few school districts in Virginia that offered in-person schooling for students in 2020.
Loudoun Co Public School’s Mill Run Elementary and Madison’s Trust Elementary both rank in the top 4% of all public elementary schools in Virginia. Ashburn’s Eagle Ridge Middle and Brambleton Middle School rank in the top 9% of Virginia’s public middle schools, and the esteemed Briar Woods High is in the top 4% of Virginia’s public high schools.
Ashburn also has 62 private schools including the top-ranked Virginia Academy and Loudoun School for Advanced Studies.
Families in Northern Virginia that want their children to receive a great public or private school education look to rent homes in Ashburn suburbs for access to the best schools in the state.
Proximity to Washington, D.C.
While remote work is certainly taking off across the nation, there are many people who work for the local government, George Washington University, and other top employers in the city who will have to attend work in person.
Homes in Ashburn are less than an hours’ drive away from Washington, D.C., and they are less than an hour and a half away from D.C. using public transportation. The new Ashburn Silver Line Station has further reduced the metro commute in this area, as well.
Many renters who are interested in homes in the suburbs want to take advantage of big city amenities, but they also want a peaceful place to raise a family with larger homes, a reasonable cost of living, and a great school district. Ashburn offers them the best of both worlds.
Ashburn is a desirable town with quiet neighborhoods that provide safety and seclusion that’s not offered in metro areas as well as access to local attractions that create a robust city life.
Here are a few of the most popular attractions available in Ashburn, VA:
This is one of the top places for dining, shopping, and entertainment in Northern Virginia. This shopping center has popular restaurants like Bar Louie and Elevation Burger as well as more unique options like The Yard Milkshake Bar as seen on Shark Tank.
After grabbing a bite to eat, shoppers can explore stores like Barnes & Noble and Apricot Lane Boutique among other stores, or buy groceries at Trader Joe’s. One Loudoun also has a drive-in Alamo Drafthouse Cinema for people looking to see the latest movies.
This award-winning shopping center hosts community events like weekly Zumba classes, a year-round farmer’s market, cabana nights, concerts, and carnivals, and is a major draw for renters in the Ashburn area.
Nature enthusiasts that want to escape the hustle and bustle of their day-to-day lives can unwind and appreciate the wildlife around them at Broadlands, a National Wildlife Federation Certified Wildlife Habitat Community.
Broadlands has plenty of trails for hiking and biking, as well as designated areas for swimming and fishing. However, the Broadlands Nature Center is truly the main attraction of this community. The Broadlands Nature Center is 5,000 square feet of space for visitors to interact with the animals that are housed in the center, participate in nature programs, and attend educational events.
This center and its surrounding trails and lakes make this the perfect place for those who want to feel refreshed and get lost in nature.
Some of the best shopping in Ashburn is available at the Brambleton Town Center. This shopping center has dozens of stores and restaurants like Cold Stone Creamery, A&A Music, Blue Ridge Grill, Virginia ABC Store, and Go Bananas Toy Store.
Brambleton Town Center also features a martial arts studio, a ballet studio, a Regal Cinemas with an IMAX, and the Loudoun County Public Library. With medical services for children, adults, and even animals, and plenty of community events offered on the weekends, this is one of Ashburn’s main attractions.
Belmont Country Club is a golf community with a rich history where “tradition, quality, and elegance” are key. In addition to being a rising neighborhood in Ashburn, VA, it is also a place where visitors can relax over a round of golf. In addition to their 18-hole golf course, Belmont Country Club also has pools and tennis courts.
When they’re not working on their golf skills, visitors can see The Manor House, a gorgeous home that was built in the 1790s by Ludwell Lee, the son of one of the signers of the Declaration of Independence. The Manor House is an official listing on the National Register of Historic Places and is used to host weddings and other special events.
Whether they want to get a round of golf in or soak in the history of The Manor House, many Ashburn residents love frequenting The Belmont Country Club.
In a time when many people make moving decisions based on access to quality amenities, Ashburn rises to the top of the list for many renters who work in Washington, D.C. or want a home in Northern Virginia.
RentSimple Simplifies the Rental Process
RentSimple is one of the top property management companies in Northern Virginia, and we will help make renting your Ashburn property a breeze.
When you choose to work with RentSimple, you don’t have to worry about making sure you are capitalizing on rising rental rates, finding high-quality tenants, managing your properties, or collecting rent.
At RentSimple, we find tenants for you. We make sure every tenant that rents a property passes a background and credit check, takes care of their home, and pays their rent. RentSimple focuses solely on rental properties, so we have the expertise and the experience necessary to know exactly how much rent to charge tenants, and we make sure that you receive your rent on time every month. If for any reason your tenants do not pay their rent on time, we pay 100% of any rent money owed thanks to our Rent Guarantee.
We believe that making landlords and tenants happy is the top priority, so we offer pet damage guarantees and satisfaction guarantees for landlords and provide excellent and efficient property management services for tenants.
As rental rates in Northern Virginia continue to increase, those who are renting out their Ashburn properties are reaping the benefits. You could be one of them!
When you leave all the obstacles and challenges of property rental up to us, you can make a profit each month without going through any of the complications of charging and collecting rent or finding tenants that will treat your home with respect.
Learn more about Why RentSimple is the Best Property Management Company in Northern Virginia and how we can help you rent out your Ashburn property by getting in touch with us!