This page contains a Flash digital edition of a book.
Real Estate


to it. It’s sitting on Bryan’s grandmother’s property, and they’re thinking they might buy a piece of prop- erty somewhere for the tiny house that could eventually become a site to build a permanent home or just a vacation spot. As it is, they’ll


be paying about the price of a low car pay- ment for the house in Sandston. Most of their


Bryan and Nicole Tucker are living with Bryan’s grandmother while waiting to close on their fi rst house, priced at less than $100,000 in Sandston, a community near Richmond’s airport.


car or anything. I’ve [always] bought a used car.” Another distinction among millennials is their willingness to move to a different state or city if they think it has better cultural or job opportunities. As Richmond Association


of Realtors CEO Laura Lafay- ette says, “Millennials are far more likely than my generation to be focused on ‘Where do you want to live, what are the amenities that we want in a com- munity, what kind of quality of life do we want? … And then I’ll worry about a job and whether I’m going to own or rent.’” “They’re chasing jobs and


making lifestyle choices in a way that wasn’t done before,” agrees Dykstra, “and they don’t want to be tied to a house that will keep them from moving for job opportunities.” Some also may be hesitant about owning due to what they witnessed during the 2008 crash, she allows, noting


90 AUGUST 2016


that most millennials probably know someone who suffered through a foreclosure or a short sale or saw their home values go underwater. Flexibility is definitely


important to Bryan and Nicole Tucker. Bryan, a 30-year-old contractor, and Nicole, a 28-year- old teacher at Henrico County’s Varina High School, have been living with Bryan’s grandmother and saving money for the last six months while waiting to close on their first house. Priced at less than $100,000, the one-story, two-bedroom, one-bath house in Sandston is in good condition but needs work, like central air and upgrades to the kitchen and bathroom. Their plan is to make the renovations and either flip the house or rent it out within the next two years. In the meantime, they’ve


also purchased a tiny house for $8,000 and are spending about $4,000 in renovations


friends who own are maxing out their home loans, but the Tuckers don’t want to have to compromise their quality of life or worry about how they might make ends meet if they have an unexpected preg-


nancy. After all, they’re not even sure where they want to end up. Nicole’s uncle lives in


Daytona Beach, Fla., and they’ve thought about moving there because they like it so much. “And we’ve looked at other places, too, like Warsaw [on the Northern Neck],” Bryan says. “We love going to this church out there. If we found a place in the town of Tappahannock for the right price right now, I’d probably buy that, too.” “We don’t know how long


we’re going to live somewhere necessarily,” Nicole says, “so we didn’t want to spend a ton of money to be stuck in one spot and get there and be like, ‘Man, we really don’t like this [com- mute] or, man, we really don’t like this neighborhood.’ It’s nicer to buy something more in our financial range so we don’t have to worry about the permanence so much.”


Photo by Rick DeBerry


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88  |  Page 89  |  Page 90  |  Page 91  |  Page 92  |  Page 93  |  Page 94  |  Page 95  |  Page 96  |  Page 97  |  Page 98  |  Page 99  |  Page 100  |  Page 101  |  Page 102  |  Page 103  |  Page 104