Georgetown, Washington DC Condos for Sale

One of the biggest factors in condo ownership is the homeowners association (HOA). HOA fees cover building maintenance, amenities, and shared services, but they can vary significantly from building to building. Some high-end buildings in Georgetown have fees that are a little too high, which may impact your overall budget. Before buying, request the HOA’s financial statements to ensure the building is well-managed and has enough reserves to cover unexpected repairs—this helps avoid costly special assessments down the road. A well-funded HOA is a sign of a stable building and a good long-term investment.

Luxury condos in Georgetown often offer premium amenities such as concierge services, fitness centers, rooftop terraces, and underground parking. While these features enhance convenience and lifestyle, they also contribute to higher HOA fees. Before committing, weigh the benefits of these amenities against the cost to ensure they align with your needs. If you don’t need a gym or concierge service, you might prefer a building with lower monthly fees.

If you’re thinking about future resale value, a two-bedroom condo is generally a smarter investment. One-bedroom units tend to have lower demand and may not appreciate as well as two-bedroom options. Additionally, having an extra room allows for flexibility—whether as a home office, guest space, or rental opportunity. If long-term value and resale potential are priorities, a two-bedroom condo in Georgetown is a great option.

Georgetown is home to both historic condos and newer developments. While historic buildings boast character and classic architecture, they may come with higher maintenance costs, older plumbing, and noise transfer between units. On the other hand, new construction offers modern amenities, soundproofing, and energy efficiency. If considering a newly built condo, research the developer’s reputation, check for third-party warranties, and ensure the building has received its certificate of occupancy. A unit that’s at least 5-6 years old may provide more stability, as any initial construction issues would have already surfaced.

The real estate market has seen fluctuations in interest rates, which directly impact mortgage affordability. In some cases, monthly mortgage payments for a condo today can be significantly higher than what buyers would have paid for a larger home just a few years ago. Before making a purchase, compare mortgage costs to current rental rates and evaluate whether it makes financial sense for you in the short and long term. If rates are high, increasing your down payment can help offset the monthly costs.

Georgetown is known for its charming cobblestone streets, high-end boutiques, fine dining, and proximity to the Potomac River. But within the neighborhood, different condo locations offer unique experiences. Condos near M Street provide walkability to shops and nightlife, while those near the waterfront offer scenic views and a quieter atmosphere. Foggy Bottom and Kalorama are nearby alternatives with more condo inventory and lower HOA fees. Consider your lifestyle needs—whether you prefer a lively environment or a more peaceful retreat—when choosing a location.

A well-managed condo building is essential for long-term value and hassle-free living. Before buying, ask about the property management company’s reputation, maintenance schedules, and how issues are handled. Look at common areas, trash rooms, and hallways—these can indicate how well the building is maintained. If possible, speak with current residents about their experience. A poorly managed building can lead to neglected repairs, rising fees, and decreased property value.