Texas real estate has been a hot topic over the last couple of years, with multiple industries moving here for tax cuts and the population beginning to outpace other states that have been competitive before recent years.
Whether you’re ready to invest in your first home or you want to make bigger moves, there are tons of reasons to invest in this state: but also many things to know before you start.
TEXAS IS A VAST STATE
Texas is the second-largest state in the country, falling only behind Alaska, and it’s far larger than many expect. Driving from El Paso to Houston is 12 hours, which isn’t even the largest drive in the state.
If you’re moving to Texas to be close to the beach, you’re limited, and if you want a desert property, you have to make sure to seek it out. This state is huge, with some portions even getting snow reliably every year: ensure you know where you’re buying.
EVERY CITY HAS ITS OWN PERSONALITY
Every city in Texas has its own personality, so it’s a good idea to get to know them and think about that before you invest. From Austin’s fun, artsy vibes to the sports fans in Dallas and the music and social movements in Houston, there’s lots of variety.
If you’re moving here, think about what type of area you want to live in. Although you can still find places that offer the classic cowboy look, most of Texas is side-stepping into the future.
THERE’S A TECH BOOM STARTING
The tech boom in Texas has been brought on by multiple large companies leaving California for lower taxes and cheaper land. Most of these are landing in the San Antonio area, which means properties are already skyrocketing in price there. So investing in property somewhere a ways away from it will ensure that you’ll be ready when the price jump reaches the rest of the state.
Of course, a tech boom in San Antonio won’t affect the cost of El Paso houses for sale since it’s nine hours away: but it’s important to consider all the same.
YOU CAN FIND CHEAP LAND ANYWHERE
There’s property almost anywhere for those who are willing to seek it out. This could mean residential homes that you can update on the cheap or even undeveloped plots that you can buy within half an hour of the largest cities in the state for less than ten thousand dollars.
Don’t be afraid to seek out these low-cost options, since the cities are expanding so quickly, but know that if you’re the first to develop a lot in an area, it will cost you a lot more money than if you were to wait.
TEXAS IS A STATE UNLIKE ANY OTHER
Although every state in the country can say that it sets itself apart in one way or another, Texas has such a loud personality and unique housing market that it can often feel like its own country, get to know every area, and consider where your next investment should land.
~ CONTRIBUTED BY LSEO | COVER PHOTO FROM PIXABAY, SECOND PHOTO BY ERIK ELLISON
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