Hello World! Welcome Friends! Over the past 10 years Houston has seen the construction of over 55,000 single-family homes, the largest number of new detached properties in the country. Texas as a whole is a relatively affordable and business-friendly state, and as an increasing number of people have been attracted to the city, the property development market has responded with the creation of more homes. Whether you are planning a move to Texas to set up home or invest in properties to let out to tenants, Houston offers plenty of affordable properties in a range of styles to suit a smaller budget.
Affordable Investment in Properties to Rent
While the ownership discount in Houston is only small, it still makes the city one of only four major urban areas where it is less expensive to invest in property than to rent. This is good news for property owners who are buying homes in order to let them out to tenants. From selecting tenants to carrying out regular maintenance, letting properties can be a hassle but using the services of an experienced management company can be an efficient way to oversee rental properties. As the estimated cost of a mortgage is only slightly less than rental charges, prospective tenants aren’t priced out of the market. This means that landlords also have a better chance of keeping downtime between new tenants to a minimum.
Low Cost Resort-Style Living
Offering all the benefits of resort-style living but at a more affordable price, a Houston-based developer is planning a number of manufactured home communities with access to amenities such as club houses, swimming pools and playgrounds. The cost of a manufactured home is lower than for a traditional bricks and mortar property but comes without high maintenance costs and with no liability for property or ownership taxes. This gives homeowners with smaller budgets the opportunity to own their own home in traditionally expensive housing markets, and, at the same time. enjoy all the additional facilities the community has to offer.
Less Expensive Homes for the Future
In the future, 3D printing could provide strong homes that are quick to build and less expensive to buy. In Houston, Professors from Cornell University have used a giant machine to build the country’s first 3D printed home with two floors pumping out layer upon layer of cement. At 4,000 square feet, the construction is currently the biggest printed two-story house in the world. With challenges such as a shortage of construction workers and increasing damage caused by natural disasters, 3D printed homes could help more homebuyers in Houston and across the country to purchase a well-designed property at an affordable price.
For anyone looking for affordable housing Houston offers plenty of different options. The cost of living is overall lower than in many other metropolitan areas, the city still offers good value properties for both landlords and tenants, luxurious resort-style living and cutting edge homes for the future.
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Toodles,
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