Why You Should Buy a Home in Virginia Beach

The city of Virginia Beach is said to be an ideal place to invest or buy real estate – either as a home or property. It is a great city to live in on the East Coast. Located at the junction of the Chesapeake Bay and the Atlantic Ocean, it has developed into a resort city with so many recreational opportunities. It is listed in the Guinness Book of World Records as the world’s longest stretch of pleasure beach. Its belonging to the Hampton Roads region has also added to its attraction for job opportunities. And for families, Virginia Beach is the home to one of the most impressive educational systems in the state.

High Demand

Demand for Virginia Beach real estate properties, whether investment property or housing, has always been high. Interest rates are going up, but there’s been a boom in demand in recent years, and there are bidding wars for houses. Having a strategic location in the Hampton Roads Metropolitan Region and in the country as a whole, it is considered a prime area for industry and business. This is not to forget its myriad East Coast beach town attractions plus the warm residential vibe of the community.

Buying a Home in Virginia Beach is Better than Renting

“When you’re renting, there’s a landlord that’s profiting off of your monthly rent, so by definition, it’s always going to be more,” Barry Jenkins said.

For first-time homebuyers and families out there who wish to purchase their first home in Virginia Beach, there’s a program through the Virginia Housing Authority where you can buy a home with no money down.

Things to Know about Living in Virginia Beach

There are many things to do in Virginia Beach, aside from its magnificent beaches, whether you’re single, a family or just retired. Here are some of the reasons that will make you want to buy a home in Virginia Beach.

Historic Sites

Virginia Beach is a few hours away from Yorktown, Jamestown and Washington, known as the Historic Triangle, where the foundations of the American country began. It was the landing site for the first settlers. Here you will find innumerable historical sites and experiences that would need well-thought planning for your visit to be worthwhile.

Many incredibly interesting legacies to the country’s beginnings and growth, with four historic sites featuring various landmarks from monuments to heritage museums (maritime, aviation, Atlantic wildfowl) to residential and other structures maintained through the centuries, to libraries that are repositories of written documentation of these histories. It is no wonder that droves of tourists visit the city all year long.

Annual Festivals

Patriotic Festival

Held each June, this festival is in honor of the country’s armed forces, personnel, and families. Performances by the Marine Corps Silent Drill Platoon, the USO Show Troup, and the US Fleet Forces Band as well as military exhibits, demonstrations, tours, and many other activities.

Boardwalk Art Show

The Virginia Museum of Contemporary Art, MOCA, has produced the Boardwalk Art Show every year since 1952. Between 20th and 35th Streets, the show features works of fine art and contemporary art and craft media at the oceanfront. Along the boardwalk, white tents full of artworks, tasty food, live music, etc., greet visitors.

American Music Festival

The largest outdoor music event on the East Coast, the Virginia Beach American Music Festival was first held in 1994, with more than 40 national, regional and local musical artists performing during the three-day weekend festival in late August-early September.

Audiences revel in the sounds of R&B, rock, smooth pop, soul, country-rock, jazz, and fusion – for free! Through the years, the festival has featured the Village People, Gloria Gaynor, indie rockers, Chicago, Pat Benatar, Billy Bob Thornton, Sheryl Crow, and Los Lobos. This was done in collaboration with regional and local artists. In 2021, the festival was renamed the Virginia Beach Oceanfront Concert Series. It was held on several dates throughout the summer months, with the proceeds slated in support of the Virginia Legends Walk.

Pungo Strawberry Festival

Celebrating the “star player in the superfruit category,” this popular festival has been going on for more than 40 years. There is a parade, continuous entertainment on three stages, and one of the East Coast’s largest carnivals. Freshly picked strawberries, chocolate-dipped strawberries, strawberry shortcakes, and strawberry tacos are sold by vendors, with strawberry bake-off and pie-eating contests yearly!

Neptune Festival

Neptune Festival is held annually, to celebrate the city’s heritage, born from an idea in 1973, the first celebration happened the next year, 1974, on an August or September weekend. The 10-meter cast bronze statue of Neptune that stands at the gateway of Neptune park and the threshold of the sea was built from the private contributions gathered by this festival. There are 40k+ events which range from sports, arts and crafts, wine festivals, and senior citizen activities to name a few.

Year-round comfortable climate

The climate in Virginia Beach is warm and temperate, pleasantly moderate throughout the year, in all neighborhoods along the beaches or in the middle of the city. Spring comes early and fall lasts long. The average annual temperature is around 70 degrees with significant rainfall even during the driest months.

Sights and sun on the Boardwalk

The famous Boardwalk is a 28-foot wide space from 2nd to 40th Streets, overlooking the Atlantic, with picturesque views from the hotels and restaurants in the area. There is a Fishing Pier that is open from April – October and 24/7 from Memorial Day to Labor Day. There is a bike path for bikes, trikes, and skates.

Beach Street Party, a themed event on the sidewalks from 17th to 25th Streets daily until evenings from the middle of June through Labor Day. There are street performers, live concerts, and occasionally, fireworks shows.

Owning a Home or Investment Property in Virginia Beach is a Great Decision

Lifestyle in Virginia Beach is a wonderful combination of suburban living with the amenities of urban living. Quite importantly, you won’t need to worry about your family’s and your personal safety because of the safe neighborhoods in this city!

Buying a home or investing in housing properties in this coastal city can bring positive returns. Your money will grow if you invest in properties in any of the city’s neighborhoods due to its excellent location, local developments, and its in-demand market situation. The city has and continues to attract investors interested in owning properties in this beautiful city.

Hire a Local Real Estate Agent

If you want to buy a home in Virginia Beach, hire a local real estate agent. This will help you search for the house you wish for you and your family to live in. A reliable real estate agent has connections to trustworthy mortgage lenders, will guide you in your financing requirements, and provide you with mortgage tips. Get in touch with one of the leading real estate agents in Virginia Beach, Barry Jenkins – Better Homes & Gardens Real Estate | Real Estate Agents in Virginia Beach, VA for your real estate needs.