Have you considered moving to Virginia Beach for a permanent settlement? The Great Neck is a popular neighborhood for investors in Virginia Beach. This area is in the northeastern zone of the city and is close to the Chesapeake Bay. Great Neck offers a high-quality lifestyle. So, if you want to settle in the Great Neck, Virginia Beach is a good area. Find a brief guide to buying a property in this area.
Enjoy beach life at any time.
First Landing State Park and Chix Beach are the major attractions for residents of Great Neck. Sandy beaches, with a calm environment, cover a long distance. These are also the best destinations for tourists. You can swim in the bay and lounge on the sand. The blue water of the sea will soothe your eyes.
Choose a property close to the school and colleges.
The Great Neck area will meet their educational needs if you have kids or school-going children. There are public high schools (like Cox High School) in this neighborhood to educate your kids. The highly reputed A-grade schools allow children to participate in sports and co-curricular activities. Some schools have special programs for performing arts and finance academies.
Which neighborhoods are finest in Great Neck, Virginia Beach?
The Great Neck area lets you choose from different neighborhoods with unique offerings and characters. Bay Colony is popular because of its prime location and upscale houses. Moreover, as the naval base is close to it, many military families like to settle in this area. However, most homes in the Bay Colony are large and comparatively costly.
Church Point is also a good neighborhood for those who prefer spacious and luxurious houses. If you want to buy a house with a beautiful waterfront, Church Point is the best option. It is like a suburban region with a quiet environment. The most exclusive homes in Virginia Beach are located in Church Point.
Several apartment and townhome communities are near Cox High School. These are convenient, maintenance-free communities, and young families and families with busy professionals prefer this zone.
Other amenities for residents in Great Neck
Waterfront and contemporary houses are not the only reasons to invest in a Great Neck property. Sports lovers can access golf courses like Yacht Club and Cavalier Golf. Furthermore, book lovers can become members of libraries in Great Neck. There are also recreation centers and gym facilities for health-conscious persons.
The Great Neck area is also a good destination for foodies. For instance, Coastal Grill is an entertaining place to enjoy homelike dishes. It is a good location for many locals who want to enjoy good food.
You may also explore Sunrise Café, which provides a diner-style atmosphere. You can buy affordable foods for your breakfast or weekend treats.
Here are some more tips for buying real estate in Great Neck, Virginia Beach
Look for loans- The term for most mortgages ranges from 15 to 30 years. You can decide on the loan term based on your ability. Make sure you have a stable income before applying for a loan. So, search for a reliable lender to get financing solutions.
Never skip pre-approval- Most homebuyers start hunting for their dream houses without considering pre-approval for the loan. However, mortgage pre-approval is essential before comparing different properties. A pre-approval letter is a formal document created by the lender to reveal the maximum loan amount. The mortgage provider decides based on your bank statements and other financial information.
Boost your credit- If you have applied for mortgage pre-approval, the lending agency will check your credit report. It will also want to see if you currently have any debt. Your loan approval is at risk if the report shows a late payment record. So, pay your bills on time and increase your credit rating.
Understand loan options- Mortgage loan applicants can find several choices. For instance, traditional loans are popular, needing only a 3% downpayment. You may also choose Federal Housing Administration loans, which allow you to get approval with a comparatively low credit score. Veterans who want to buy homes can apply for VA loans. They qualify for the loan with a 0% downpayment. However, these loans are for those who are active-duty members. Compare these loan types in the Great Neck, VA, and make your decision.
Conclusion
Great Neck, Virginia Beach, is a good property investment place. Exceptional amenities, houses with oceanfront, and park-dominated communities are the most significant reasons for choosing the neighborhood for buying properties. You can ask your real estate agents to find a property in the Great Neck area in Virginia Beach.
