River & Rural Realty--Find Virginia Waterfront property on the Northern Neck
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River & Rural Realty LLC
P.O. Box 503
Warsaw, VA 22572

Office: (804) 333-3311

Kathryn Murray, broker
Warsaw, VA 22572
(O): (804) 333-3311
Cell: 804-450-4442
Fax: 877-295-0940
EMAIL OFFICE
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Northern Neck, a great retirement destination

Recently I've been thinking a lot about where people retire and why. Yesterday I read a UVA analysis about retiring in Virginia and contrary to what we are reading in most publications, in Virginia retirees are moving to rural areas. This surprised me. I had thought that people wanted more and more of those amenities called lots of shopping and walk-down-the-street-to-a-restaurant. Well not so for Virginia. Not lately.

The Northern Neck has a long list of plusses for retirees and a couple of minuses. The plusses are pretty obvious....prices much below many other locales, for instance think of waterfront property in Annapolis, there is nothing here that is priced anywhere in the average waterfront property price range. Yes, you get all that "stuff" with Annapolis...meaning shopping and walk-to restaurants. You also get the Maryland tax rate which is much higher than Virginia's. You get traffic and you get the stress of city living. Here  you get plenty of peace. Yes, the place is transformed on summer weekends with quite a few people and actual lines that may take a while at the supermarket, but you just take that in stride....it's like the snow....it comes and it goes, but it isn't always here, that's for sure.

Climate is generally great....it may be hard to believe as I look at the umpteenth day of 90 plus weather and just in June, but in general, yes, our Northern Neck weather is very good. Taxes are comparatively low, really low.....I know of a little house in a nice waterfront community. It has access to a pool, tennis court, marina and boat ramp....it is assessed at around $100,000 and the annual taxes are just a bit below $400. That is something anyone could live with.

So weather, cost of living, nice accommodations, hardly any traffic, very nice people, gorgeous waterfront places to visit, or boat, etc. Lots of activities but you have to look a bit and once you do you could be busy 24 hours a day.

The drawbacks include the not so many restaurants, not so much shopping and there isn't the kind of health care that you would get in the city. There does come a time when taking care of all your property may get to be too much. But rather than looking at the Northern Neck as your ultimate destination you might consider it your retirement place with the option of downsizing in 20 years....that isn't so hard to take....And at this moment with this being a buyers' market it might well be that this property could appreciate in that 15 year period or so. It also is reasonable to compensate for the "shortages of shopping" here by going to Fredericksburg or Richmond every week or two to stock up on special provisions, go to a nice restaurant and perhaps see a movie. As you get more and more used to being here that allure lessens. Yes, you would want to go perhaps once a month, but the pace and the activities do fall into place and you no longer seek out hectic places.

Retiring in the Northern Neck....if you haven't been here to visit, make an appointment and we'll take a look around. You'll be surprised at how much there is to make your transition a very good one.

--Kathryn (Kathryn Murray, principal broker, 804-450-4442 cell)



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