What to Know About Dallas Real Estate in 2021

Dallas real estate

Are you looking to move to a beautiful home in a warmer climate? Would you love to see a high return on your investment? Are you wondering if it’s time to invest in Dallas real estate?

Houses in Dallas are becoming increasingly popular, and there is no shortage of reasons why.

Here’s what you need to know about investing in homes in Dallas.

Dallas Real Estate

Dallas is becoming an increasingly popular area for new homes, especially areas like Highland Park, University Park and Preston Hollow. In fact, the Dallas Fort-Worth area has gained more than one million residents over the past eight years. It doesn’t stop there, the DFW population is projected to continue to grow by nearly 18% by 2029.

Dallas is the third-largest city in Texas and the nineth-largest city in the country. Over the last five years, home values have increased by more than 53%.

Building a home in Dallas is not only a great investment, it’s a great place to live.

Why Dallas?

Dallas is gaining huge momentum with many demographics for a number of reasons.

In spite of its continued housing growth, housing prices in Dallas continue to remain fairly reasonable in comparison to other metropolitan areas. In fact, the median home price in the Dallas-Fort Worth Area is around $270,757. The cost of living remains about 50% less than many other urban coastal cities. Even in higher income homes, the prices in Dallas provide much more home than in other urban areas across the US.

Dallas has a booming job market, with industries like finance, trade, and construction growing tremendously. Many major companies, colleges, and universities call the Dallas area home. Dallas boasts a low unemployment rate and job diversity that has recent graduates flocking to the area.

Dallas offers an impressive quality of life. There are highly active downtown and business districts that are comparable to those in other major cities, such as New York and San Francisco.

Sports are BIG in Texas, and stadiums are excellent places to watch teams like the Dallas Cowboys, Mavericks and Rangers play. There are also art museums and parks galore.

Dallas offers high-class shopping in its uptown area, as well as hip cafes and eateries. The city is known for its chef-driven comfort food and local specialties like Tex-Mex and pecan pie.

The music scene in Texas includes both large and small venues. While venues are temporarily closed right now due to COVID-19, you can look forward to enjoying blues, rock, country and many other favorite performers upon reopening. A thriving nightlife also includes restaurants, bars and dancing (complying with COVID-19 regulations).

Family Appeal

While Dallas is particularly popular with the young professional crowd, it’s also beginning to have massive appeal for young families.

Many Dallas neighborhoods have excellent school districts and spacious homes. In spite of this, homes in these neighborhoods remain quite affordable compared to other suburbs in large urban areas. Highland Park and University Park both go to Highland Park ISD schools and Preston Hollow attends Dallas ISD schools.

Zoos, art activities, and green space mean there’s no shortage of exciting places for kids to visit and grow both physically and mentally. Many kids also love the theater, science activities, and aquariums.

If you’re worried about healthy living and eating, your family will be more than happy in Dallas. With locally sourced options and no shortage of specialty shops, you’ll have a broad choice of natural ingredients to choose from.

If you’re looking for a comfortable climate, Dallas offers mild winters and warm, humid summers. Families that have kids who love to play outdoors will enjoy not having to hibernate in the winters.

Building Your Texas Home

There are a number of advantages to finding a luxury home builder in Texas and building your house from scratch.

First, you’ll know that everything in your home is new. Replacing roofs, faulty plumbing, and old windows are not things you’ll need to worry about for decades. Repairs can also get expensive!

In addition, building a new home means that you won’t be competing with other buyers for the best homes within your price range. In booming markets like Dallas, this can be a welcome break!

Newer homes also have the latest energy-saving technology, so your utility bills will most likely be lower. Plus, you can’t beat the look and feel of brand-new systems, fixtures, and finishes.

Texas is known for being big, so the amenities you can add to your new Dallas home are endless. Built-in pools, gourmet kitchens, and walk-in closets are just a few we can name off the top of our heads. Outdoor kitchens, theater rooms, and fitness rooms with a sauna are all very popular luxury amenities that are become increasingly desirable in custom-built homes.

Building your own home means that you can tailor it uniquely to the needs of your family. Maybe you would like an office area with a nice view or a bonus playroom for the whole family to enjoy. Or perhaps having a separate heated room above the garage for your art studio is important. You never know!

The right custom home builder will listen to all of your needs, big and small, and will help you choose a lot and building a plan that makes sense for you. You could be living in your perfect Texas home in no time!

Making the Move

There’s no question as to why Dallas real estate is increasing in popularity. With a beautiful climate, excellent schools, and a thriving lifestyle, it continues to be an attractive destination for residents of all ages. If you’re ready to build a beautiful home in a booming real estate market, moving to Dallas could be in your future.

For more information on building your custom Dallas home, contact us today.

Robert Elliott Custom Homes