Tag Archives: single-family

Starter Home Benefits

From The Desk of Courtney Okanlomo:

Starter Home Benefits

Over the past 10 years, we have all witnessed the real estate market crash and re-build itself in an extremely impressive timeframe, thusly confirming its considerable contribution to the wealth of most Americans today. Purchasing real estate, whether for investment or personal purposes, is one of the single most sought after ways to build savings and equity over a period of time. In fact, many Americans claim that their starter home purchase single-handedly saved their financial life.

One of the largest misconceptions about purchasing property, is that you can't spend less than $200,000 on a 'quality' property. This is simply untrue. For example, look at these beautiful starter homes currently listed here in the Houston area

    i. Kings Chase Drive; Houston, TX - $150,000 - 4 Bedrooms, 2 Baths

Open concept floor plan...

    ii.  Sweet Olive Drive; Tomball, TX - $150,000 - 4 Bedrooms, 2.5 Baths

Beautiful 2 story home with large backyard...Updated kitchen with stainless steel appliances...

    iii. Audubon Hill Court; Houston, TX - $140,000 - 4 Bedrooms, 2.5 Baths

2200 square foot home with covered back porch...Quaint kitchen with lots of cabinet space...

Beautiful homes, right? Studies have shown that properties purchased for less than $200k tend to experience the most appreciation in the shortest amount of time. This appreciation ultimately translates to equity, which is very tangible when you go to sell a property. 

Moreover, starter homes make the perfect rental investments in many cases. The mortgage payment is usually relatively low, and the size of the home is fitting for a small family or single individual that wants more space than an apartment can provide. The profit and savings of building equity, selling the property, or even renting it, all have the ability to extend endless financial opportunities.

Are you considering purchasing your first starter home? Or perhaps a home under $200k that would be ideal for renting out regularly? Contact me today to get started on these goals! 

Houston Real Estate Forecast: Sunny and Selling

From the Desk of Courtney Okanlomo:

Houston Real Estate Forecast: Sunny and Selling

It is no secret that 2008 marked the largest real estate bubble in United States history, but one city that has managed to stay successfully afloat has certainly been Houston. In fact, Houston, Texas never lost its position as the #1 single-family market in the country. There appears to be alot of optimism surrounding Houston real estate at the moment, and I for one do not want any of my clients to miss out on this.  

Between first time and repeat buyers, experienced sellers, and knowledgeable Realtor representation, this accomplishment is of no surprise to most. In fact, it is has been forecast that Houston will realize 10% or higher growth in home sales volume this year - coming behind setting a 2016 record in this category.

If you're considering purchasing a home, or even positioning yourself to purchase one, it certainly seems as though Houston wouldn't be a bad place to start your search.  Home sales in Houston could potentially see double digit price increases in the year 2018, which is quite frankly an occurrence that the region hasn't seen in 35+ years.  

Houston real estate has proven to be a force for quite some time. Are you ready to join us?!