Charlottesville’s Real Estate Blog since 2005.

Clear, Honest Market Analysis. For People, Not Realtors.

Albemarle

How Much Does this House Cost? (To Run)

How much does this home cost to run? It’s become one of the most important question my buyer clients ask –  and an answer that Sellers need to be prepared to answer.

In today’s market, much more so than the previous one(s), buyers are much more cognizant of the costs to operate a home.

Everyone can calculate the PITI payment – Principal + Interest + Taxes + Insurance

What’s not easily calculable by buyers is –

– How drafty is the house?

– What’s the natural gas bill?

– What’s the electric bill?

– What’s the water bill?

– Trash/recycling is a fairly fixed cost.

– Do the parents scrap over the thermostat?

– How much is my commute going to cost? (this is huge; many of my buyer clients are looking forward to the time when gas goes to $6/gallon )

If the mortgage is going to be $2500 per month, but the utilities are $900/month, I’m thinking that my clients may be disinclined to move forward with an offer … or they might knock $30k (or some other number) off the offer price.

I said late last year that I suspect 2012 will be the year when buyers start doing energy audits as part of the home inspection process –  sellers need to be prepared for this component to the home selling process.

If you’re interested in learning more about your home’s energy efficiency, Charlottesville’s Local Energy Alliance Program (LEAP) is a great place to start.

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I have been been representing buyers and sellers in Charlottesville, Albemarle, and Central Virginia since 2001. Get local insight born of experience.

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Thoughts on 2026 Albemarle County Assessments

Thoughts on 2026 Albemarle County Assessments

Albemarle County assessments increased again in 2026. Want to challenge your assessment? Here's the form. Curious about FAQs about Albemarle County assessments, here's the FAQ. Think your assessment is too high or too low? Ask me; I'm happy to give a quick thought or two.…

Developers Have Long-Term Vision

Developers Have Long-Term Vision

Developers think and plan long-term.  Generally. An example. Many years ago, I represented sellers of a piece up land up 29 North. It was a relatively small piece of land, and we received an offer pretty quickly for asking price. About twenty years later, all…

Who Knew HOAs Could be Progressive? No Woodstoves?

Who Knew HOAs Could be Progressive? No Woodstoves?

No woodstoves in your neighborhood? Woodstoves. No woodstove (including free-standing and fireplace insert) shall be installed, maintained or used  on any Lot. Read the HOA packages, folks. My clients found this when they read the HOA docs. There's often some interesting things in homeowner association…

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My goal is simple: help my clients – buyers or sellers – make good decisions.