Overview

Virginia Beach is best known for its rich history, beautiful beaches, and luxury resorts. The East Coast beaches are perfect for couples and families enjoying fun in the sun. This coastal place also features a big sports complex and robust economy. Located in the Hampton Roads area, it is the most populous city in Virginia.

Whether you plan to visit Virginia Beach or settle down in this vibrant city, you will always have something to explore and learn here. From Chesapeake Bay Bridge-Tunnel and Cape Henry Lighthouse to Mount Trashmore Park and King Neptune Statue, there are a lot of landmarks waiting to be explored.

1004 Listing Found in Virginia Beach, VA

Purchasing a Home in Virginia Beach VA

Are you looking for a home in this area? Keep in mind that living in a captivating destination like Virginia Beach comes with an elevated price tag. Living inland is slightly cheaper than living near or on the beach. Generally speaking, homes in this area are costlier than average.

The median house price is approximately $240,000. That’s a bit higher than the national average. With over 2,800 houses on the market, both homebuyers and tenants have a lot of options to choose from.

Renting to Own a Home in Virginia Beach

Rent-to-own is a good option for people who would like to live and work in Virginia Beach but can’t afford to buy a home here right away. It allows them to rent out their dream home or condo and purchase it eventually when ending their tenancy.

The lease option is also favorable for those with bad credit scores. Needless to say, a bad credit rating dramatically reduces the chances of getting a personal loan approved and buying a home. Tenants now have a chance to improve their credit score while renting a house over the tenancy period.

Bringing in an expert to scrutinize your real estate contract is a safe choice. An experienced attorney will clarify the key points of your contract. For example, your attorney will make clear who needs to hold the funds in escrow for the down payment. Additionally, the attorney should shed light on essential tax considerations and specific local regulations.

Virginia Beach Cost of Living

Living expenses are about 10% higher than in other cities and regions in the United States due to the high costs of utilities and housing costs. While the utilities in Virginia Beach are around 9% higher than average, the cost of housing is about 37% above the norm.

Locals spend a bit less on healthcare, groceries, and transportation. The costs for healthcare and groceries amount to 2% less. When it comes to transportation in Virginia Beach, it costs 9% less than the US national average.

Conclusion

Virginia Beach is one of the most popular cities in the United States. It is popular with residents and tourists alike. That’s because each area, from the Town Center to Chesapeake Beach, has much to offer. If you are looking for beachside living and exclusive waterfront houses, you should consider moving to Virginia Beach.