From 1999 with a former Soviet citizen stating Americans do not want war. What Americans want is a house. No matter their place on the social ladder, they want a house of their own. They want a house & the ground it stands on, that’s all. My dream…..my own house…..is unattainable for my husband and myself …..as unattainable as heaven on earth. MORE!
and the WINNERS homes in EAST TEXAS are ………
EXTERIOR WINNERS: New roofing & ROI (Return On Investment) is 107%. New garage door & ROI is 95%. New fiber-cement siding & ROI is 76%. New steel or fiberglass front door & ROI is 75% for steel & 74% for fiberglass.
INTERIOR WINNERS: New wood flooring & ROI is 106%. Hardwood flooring refinish & ROI is 100%. HVAC replacement & ROI is 85%. Insulation upgrade ROI is 83%.
DOES TEXAS STILL HAVE the EDGE, including EAST TEXAS
According to the U.S. Census Bureau nationwide the median cost per square fee in 2017 was $101.25. The South (including Texas and Florida) registered $95.35 per sq ft. The West was higher at $126.42, but the highest is the Northeast (New York) at $148.95 per sq ft. YES, WE ARE FORTUNATE TO LIVE IN TEXAS!
CONSIDER THESE COSTS, TOO when buying a home, ranch, upscale homes in TYLER, BULLARD, FLINT, LINDALE, CHAPEL HILL, ARP & EAST TEXAS
When buying a home you have the price of a home, BUT also (1) HOMEOWNERS INSURANCE to protect your homes from disasters and accidents. Flood insurance is extra. (2) HOMEOWNER ASSOCIATIONS. Can be $100 a month or much more. Be sure you understand this. (3) REPAIRS, REMODELING, MAINTENANCE. Does the house need new AC + the ongoing costs of keeping the house & yard in pristine condition. (4) TAXES. May be exemptions or maybe not.
3 STRATEGIES for LIVING LONGER in YOUR HOME in Tyler, Chapel Hill, Lindale, Arp & upper East Texas
(1) WALK YOUR WAY TO HEALTH: 20 minutes of walking a day, 5 days a week gives you more energy & lose your cravings for sweets, helps with stiff joints. (2) EMBRACE ONE-FLOOR LIVING: easier to move if too expensive to adapt a single floor. (3) GET COMFORTABLE WITH TECHNOLOGY: take a class to learn to use your tablet or smartphones, as to everything they will do.
UPPEREND/UPSCALE HOMES in TYLER, BULLARD, LINDALE
Want to be close to work. 85% of buyers would compromise on other house features to shorten their commute to work. 40% say they want to reduce their commute time by up to 45 minutes. So out in the burbs of Tyler, such as Bullard, Lindale, Chapel Hill, Arp, Winona that may be tricky to accomplish
1st TIME HOMEBUYER in TYLER, FLINT, CHAPEL HILL & NE TEXAS
When in a new home expect to spend at least 2 years to recoup your closing costs to buyer the home. If a renter wants to have gains with their money, the stock market will grow faster, BUT home prices over a longer period of time will be a more rewarding investment.
NORTHEAST TEXAS
Driven by increased activity near Dallas, the area is having remarkable price growth. Up to $4,421 per acres or 11.4% climb. Sales have fallen a big so some buyers will not pay those prices. Property size declined slightly from 114 to 112 acres. Information from Real Estate Center at Texas A&M>
MORE ON TEXAS LAND
The scramble for returns on land investment is now a more attractive place to park capital. Slower economic growth seems to be the consensus forecast, the FED now appears set to cut interest rates in the coming quarters. Barring something unforeseen such as war with Iran, markets SHOULD CONTINUE TO THRIVE!!
TEXAS LAND PRICES at $2,878 per acre in 1st quarter 2019.
Continuing robust economic activity supported by a thriving oil industry fuel demand for recreational & investment properties. A rise of 5.96% from a year ago. Northeast TX registered strong growth & recreational demand in Central TX. West & South TX remained stagnant. Overall most markets showed remarkable strength. MORE TO COME