First property decision on location Texas / Philadelphia

[Shay Sherbotseli]

Hello everyone, first and foremost I want to express my gratitude for this wonderful forum. I am not a local and I am interested in purchasing my first property. I am seeking advice on the most ideal location in terms of ease of renting, a strong rental market, and potential future appreciation in value over the next 5-10 years. Factors to consider include population characteristics, economics, climate, and overall stability. I am not interested in a volatile market.

I am currently considering the following locations:

1. 1. Leander, TX - I am looking at areas near the metro station and the new development "northline" due to job growth in the Austin metro area, influx of large companies, and decent schools, population increase 10% annual since 2020. How will the northline project impact property prices? Is the Metro commonly used for commuting to workplaces in Austin, despite the approximately 1-hour commute time?
2. 2. Manvel, TX - a small suburb south of Houston with an average population growth of 15% since 2020, good proximity to the center of Houston, I am looking at houses near the upcoming developments near the intersection of 288 and 58 north to the HEB.
3. 3. Cypress, TX - a suburb west of Houston with strong proximity to the city and good schools.
4. 4. Katy, TX - a suburb west of Houston with close proximity to the city and good schools, as recommended in this forum.
5. 5.Montgomery County, PA - I am interested in this location due to its strong economy, high-income professionals, excellent schools with an average rating of >7, and good proximity to downtown Philly.

public data shows low crime rate in any of those areas, is that accurate? is there a drug problem in any of those areas ? or specifically places to avoid when looking at those areas ?

I am seeking honest opinions from those familiar with these areas. What should I consider when looking at a new single family or other house? Does the construction material (frame, vinyl siding, etc.) matter? I am looking for peace and tranquility in terms of property management.

[Travis Timmons]

Gotcha...The calculus of that decision is different if you are investing from overseas. I can't help with managing property internationally. All of those locations are good in the Houston metro area. Same goes for Leander so long as you know the neighborhood dynamics...I'd feel good about owning property there for the long term. 

Just make sure that you understand the maintenance (foundation and roofs) and tax/insurance costs that come with owning property in Texas.