Investing in the Dallas Real Estate Market: Should You Do It?
If you’re new to real estate investments, you’d be happy to know that seasoned rental property investors can vouch that investing in Dallas real estate is a great decision. The reason is that Dallas has welcomed both domestic and international immigration, making it have an impressive residential exodus characteristic.
Because people are keener to buy and rent property in Dallas, the home prices have been shooting up, even luring Millennials to investing in property in the Big D. But why do people love Dallas so much?
Besides the favorable climate, Texas also has low taxes, pushing the cities to pull in more companies to help strengthen their economic diversity. With that being said, Dallas is now the hot spot for new real estate investors, and it only makes sense that you dip your toes in their real estate market.
If you’re curious about Dallas real estate marketing, keep reading. Here are reasons you should make the big move and consider Dallas real estate investments. Let’s take a look!
Big Reasons to Move to the Big D
1. The 2021 Forecast is Promising
The sales forecast in Dallas has indicated the prices will continue to rise, but it won’t be the same as last year. However, note that the land value in Dallas is always appreciating, making it wise to invest in property in the Dallas Housing Market.
In general, a home in Dallas-Fort Worth-Arlington Metro is priced at about $270,757, but this value has gone up over the past year to a whopping 7.5% and may continue to rise to 6.6% in the next year.
2. Colorful and Booming Economy
Now that more investors and companies are zooming into Dallas, the city has been more vibrant with a diverse economic reach. Known for its oil business, Texas has slowly expanded and now has proven economic growth by developing various sectors, such as education, technology, communications, and more.
3. Population Growth
Since there has been steady job growth, there’s no denying the population growth also increases. With that, the buyer demand has to reach desirable heights, increasing property values.
In the next few years, Dallas is expected to welcome more than a million residents in their city. With that, new homes and apartments are being constructed, especially since rent growth is set to increase to about 4 percent over the next few years.
4. Low Cost of Living
One of the biggest factors that you need to research before moving to another city is the cost of living. Thankfully, because of Dallas’ strong economy, they have a low cost of living and high wages. Because of this, residents in Dallas have financial stability, increasing their chances of getting better options for borrowing rates in financial institutions.
Of course, it’s best to speak to Dallas real estate investment firms to understand the market’s current status. This way, you can find the right lending options that would suit your financial status.
5. Government Incentives
Thankfully, the State of Texas has developed and sustained a business-friendly operation environment. In that regard, state and local governments are providing a wave of services to help businesses establish themselves and expand in Texas. These services include tax incentives and financing assistance, to name a few.
The Bottom Line: You Should Definitely Consider Investing in Dallas
These are only a few of the biggest reasons Dallas is the next hotspot for real estate growth. Seeing as there’s a constant expansion in different sectors in the city, it’s only right that you speak to experts about Dallas real estate investment and check out the best loans that you could choose so you can start earning property in the Big D.
How Can We Help You?
If you’re curious to learn more about Dallas real estate investment, you’ve come to the right place.
DFW Investor Lending, LLC is a firm operated by investors like you. However, we’re also a team of residential real estate appraisers, providing you with fantastic assistance when it comes to your real estate needs.
Thinking of investing in a Dallas property? Speak to us today!