Land For Sale

Land For Sale

ROUND HILL ESTATES

Lot 24 (105 Patriot Drive) – 8,024 square feet – $54,900 (Unit Only) or $109,900 (Unit and lot)

Russell’s Run – Northern Neck, VA

  • Lot 8 RR – 20,036 square feet – $22,900
  • Lot 9 RR – 20,036 square feet – $16,500
  • Lot 10 RR – 20,036 square feet – $16,500
  • Lot 11 RR – 20,036 square feet – $22,900
  • Lot 12 RR – 18,690 square feet – $22,900
  • Lot 14 RR – 20,216 square feet – $22,900
  • Lot 15 RR – 20,036 square feet – $22,900

HERITAGE HILLS – Broadway, VA

  • Lot 6 Section 2 – 15,001 square feet – $64,000
  • Lot 15 Section 3 – 15,000 square feet – $54,900

How to Afford a Vacation Home

How to Afford a Vacation Home

Many of our great properties here on jimmyrussell.org would make great full time or vacation homes.  If you have been dreaming of the perfect mountain getaway or water access home but don’t know anything about the process of buying a second home, here are some tips!

Vacation Home

1. Reserves are key.  While on your first mortgage you can get away with putting 5% or even 3% (or with a USDA possibly 0%!) down, on a second home most lenders are going to want to see a more significant investment.  Usually lenders are looking to see between 10% and 20% down.

2. For your own sanity and prosperity, it is important to consider that any housing expenses (utilities, HOA fees, etc.) are also likely to double and, if something is to break, maintenance funds need to be set aside.  Make sure you will still be comfortable with the “disposable” income you will have left. (You don’t want to have a great vacation property and then be unable to afford gas to get there!!!)

3. If you are planning to rent out your vacation home to offset some of your expense, be upfront with your lender.  You may be required to make a larger downpayment, but honesty in the lending process could save you a lot of headache.

4. Location is key!  Make sure you are investing in a space that you will love for the years to come and, also, is likely to appeal to others.  Being marketable if you ran into a pinch could save a lot of headache and heartache.

If you are interested in purchasing one of our beautiful properties, either with an existing home or a lot on which to build your dream home, please call us today at (540)437-9570!

What is a Yurt?

You may have heard that we have a “Build to Suit” option in West Ridge Estates to build a 2 bedroom, 1 bath yurt… and you may have said to yourself “What in the heavens is a yurt?”  The yurt craze is spreading!  These remarkable round fabric homes are commonplace in the mountains of Mongolia, but have made it onto the scene in the US around 1978.  They have a fabric exterior  built on a wooden framework that is durable and more energy efficient than a stick-built home!  They are usually set up on a deck or platform, are lightweight, easy to assemble and build out, and a very affordable form of housing.  If you are looking for the perfect mountain vacation home or to downsize to a simple living alternative, the yurt may be the perfect housing option for you!  Check out the website for Blue Ridge Yurts http://blueridgeyurts.com/ to find out more!

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410 Neff Ave, Harrisonburg VA, 22801