Looking To Invest? Now Is The Time!

Whether you’re a first-time buyer, or a landlord with years of experience, it’s no surprise that investing in a property can be a big risk. With Houston being the 4th largest city in the United States (worlpopulationreview.com) and having an average salary above the national average (usnews.com ) more and more people are moving to the city than ever before. However, with an increase in population comes an increase in demand for rentals, resulting in higher rent and a limited housing market. So what does this mean for you? More money going to waste on something you’ll never get to own! So why not invest in a home instead?

1 // Renting vs. Owning

The average home cost in Houston is $295,00 and the average home cost in The Heights

(one of Houston’s most desired neighborhoods) is $462,450 (Zillow.com, Sept. 2019)

Now assuming that you put a 10% down payment on your home, have a credit score of

at least 760 and pay an interest rate of 3.62% in a 30-year fixed mortgage, your monthly

payments will be $1,897. The average rent in this area is $2,425. That’s over a $500

difference! (Zillow.com, Sept. 2019)

2 // Still Not Convinced?

For some settling down in a permanent place can be a huge commitment. Job offers,

family matters, and school are just a few of the reasons why at first you may be hesitant.

However, investing in a home can be a great source of passive income to help with any

unexpected costs. Renting out the property is always a reliable idea, or if need be

you can flip your house.

3 // Home Values

Houston

Home values in Houston have gone up 5.0% over the past year and are predicted

to rise 2.5% within the next year. (Zillow.com, Sept. 2019)

The Heights

Home values in The Heights have gone up 0.4% over the past year, however

home costs increased 41% within a nine year span.

(Zillow.com, Sept. 2019) (Houstonproperties.com, Sept. 2019)

See our Lofts on West 18th starting at $399,900

East Downtown

Home values in East Downtown have gone up 1.6% over the past year and

are expected to rise 1.7% within the year. (Zillow.com, Sept. 2019)

See our Lofts on Commerce and Middle Street Lofts on The Bayou starting at $399,900

Uptown

Home values in Uptown are expected to increase within the next few years with

renovations on Post Oak Boulevard. (The Boulevard Project)

See our Uptown North Townhomes starting at $419,900

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