Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x

Posted over 15 years ago

DFW Location, Location, Location

Location –  Community is ImportantBefore you can start your house hunting you need to choose what cities or communities you want to live in. There are several factors that you should pay attention to, not only for yourself, but because you will eventually need to sell the home to someone else. Choosing your community is the first step and most important step in "location, location, location" and can help maximize your future potential resale value.Local ServicesCheck on the services provided by local government. Also look into local crime statistics and see how that city compares to the national averages and other nearby communities. Are fire stations located strategically around the community so that they also can respond quickly in an emergency?   Go a step further and inquiry about community services. Does the community sponsor sports and have athletic facilities and parks?  Are community events sponsored? Are there activities available for children, teenagers as well as for senior citizens?  Your DFW Realtor will have amassed a wealth of information on these subjects and will be happy to talk about them. Economic StabilityWhen searching for a community make sure you check to see that the city has a viable and stable economy. Ten, or fifteen years from now when you want to sell your home you can have a reasonable expectation that your community will still be a desirable place to live and give additional value to your home.  In addition to residential areas there should be a mixture of commercial businesses and stores. These not only provide jobs to local residents, but also add an income source that the city can use to maintain roads and community services.  You should go for a drive and see how well the community is maintained. Look to live in a city that demonstrates community pride.SchoolsEven if you do not have children pay attention to the local school system. When you sell the property, many potential buyers desire to live in areas with great school systems. Find out if the local schools are overcrowded. Drive around and see if there are auxiliary trailers outside of the local schools. Call the local school district and see if elementary aged children always attend the school closest to their home?  Are there enough schools to support the local population? If not, are there plans to build new schools? How will building new schools affect local property taxes?  There are also school reports available for free on the Internet.Property TaxesWhen searching DFW Homes For Sale note that property taxes may be higher in one city than in another nearby city. This could affect whether potential homebuyers view a community as a desirable place to live or not. Interestingly enough, they may choose to purchase in a community with higher taxes, because of the perceived value. Higher property taxes often mean newer and more modern schools, well-maintained roads, and many community services.  Also, you will often find that the cost per square foot of homes is lower in cities that have higher property taxes. This means you can buy a bigger house for less money.  Many DFW Realtors and prospective buyers have a bias against communities with higher property taxes. Regardless if you are going to sell your home as a or have your Realtor put your home in the and resale value is important to you, make property taxes a consideration when choosing the location of your next home.

Comments