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So, you want to move to the North Texas area. You have a $150,000 budget to
spend. Where could you make the most out of your money?
My initial guess
was that you perhaps wanted to look for a single family home around the $150K
price range. THough you have townhomes, luxury apartments and duplexes to select
from too. Assuming that you are looking for a single-family home, one of a good
place to start is here in Frisco, TX.
This price range is very reasonable. Here in Frisco, TX, we are currently in a
somewhat of a “depressed” market right now. Lots of foreclosures and short sales
drive down the prices of the homes. That is good news to you as a buyer. Houses
in Frisco are fairly new and you can get a lot “house” for the money.
About Plano,
it has always been a high-sought after city for people to relocate to. A lot has
to do with their very strong school system. It is exceptional. And so is the
Frisco ISD. But if you compare them both side by side, I would say that Plano is
much more competitive. It is a good thing. If you have children, it’s a good
place to start. And if you don’t, it’s still advantageous to you since the
demand is high for Plano houses. However, there is not much house you purchase
in Plano for around $150K. We are able to find it, but it is not as much as
Frisco. Also because Frisco is the next city north of Plano, many Plano houses
around that price range would be built around the late 80s and early 90s.
About Little
Elm, it is a city west of Frisco. While Little Elm is divided into Frisco
ISD and Little Elm ISD, it depends on the area you select. Little Elm is fairly
new like Frisco with much more starter homes between $125K - $150K. Little Elm
is near Lake Lewisville so if you were a lake person, Little Elm would be a
place you look at also.
About
McKinney and Allen, both are cities you could consider also. The market
conditions and types of houses you could purchase are pretty similar to Frisco.
These cities have recently created many new housing development projects for
first-time homeowners or down-size buyers in the $150K price point.
About
Carrollton, because Carrollton “started” much earlier than Frisco, Little
Elm areas, hence the $150K would buy you an “older” home. Older homes have their
own great characters with charming trees and a more established neighborhood
feel and at the same time, it lacks the spaciousness and openness quality of a
newer home. So, again it depends on what you are looking for.
Same goes for
Richardson. And Dallas with Richardson school district. It is a
high-demand area, but homes are older.
I strongly
encourage you to keep your options “open” as far as location. What I had
described to you is in general terms whereas when you do more research on one
particular home, each house has its own pros and cons and we can discuss them in
further details.
I hope this
information has been helpful. Please continue to use my website and check out my
blog often. I write a lot about real estate in this area in hopes that I am able
to serve your housing needs better. I believe that when you have the appropriate
information, and with my assistance, will be able to find a house that fit your
needs.
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