Everything in Texas is big, including real estate
options. If you’re considering a move to Texas, here is
a primer on the state.
Dallas
Dallas
is a big city with a definite oil influence. There is a
certain over the top feeling about Dallas, but people
are pleasant and the city has first-rate services. Make
no mistake, living in Dallas is living in a big city. It
comes with all the negatives of a big city such as
traffic, but all the positives such as professional
sports teams and so on. If you prefer living in a big
city, Dallas may be a good choice as real estate is
surprisingly cheap.
Austin
Austin
is the home of the University of Texas and one of my
favorite cities. With a definite college town attitude,
one can experience an odd mix of the Wild West with the
liberal attitudes of college students. The town boasts
famous music festivals and, of course, an avid group of
college football fans. Eternal optimist, they even think
they can beat the Oklahoma University Sooners in 2005.
Houston
Constantly in a friendly competition with Dallas,
Houston is a city that stands on its own merits. Those
merits, however, are based on the boom or bust nature of
the oil industry. When things are going well, Houston is
abuzz and grows in leaps and bounds. When things are
going bad, the economy suffers and so do the people
living there. This boom or bust scenario has led to
overbuilding and the city has an organized feel to it.
All and all, not a personal favorite, but to each there
own.
San
Antonio
San
Antonio is the big city with the little town feel.
Unlike Houston, it is not dependent upon the oil
business, which has resulted in some careful urban
planning. Now the eighth biggest city in the United
States, San Antonio is an up and coming city. Of the big
cities in Texas, I would consider San Antonio the best
overall.
Texas
Real Estate
Overall, the good news is Texas real estate is very
reasonably priced. The average home price in Dallas is
$260,000, while Austin comes in around $200,000. A
single family home in Houston will set you back $150,000
on average, while $220,000 will do the job in San
Antonio.
The bad
news with Texas real estate involves appreciation. Texas
has the lowest real estate appreciation rate from
September 2004 to October 2005. With an appreciation
rate of a little over 5 percent, not everything is big
in Texas. Still, this may be an opportunity to get in on
the ground floor, particularly for a great town like
Austin.
One
would think Texas is a take it or leave it state, but it
simply isn’t true. The cities are all unique and a lack
of a state income tax makes the low real estate
appreciation rates easier to swallow.
Raynor
James is with
http://www.fsboamerica.org - FSBO homes for sale by
owner. Visit our "sell my home" page at
http://www.fsboamerica.org/seller.cfm to sell your
home yourself with a free 1 month listing.
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