Many people are moving to Texas because of the high number of job offers that are only growing. This is because, perhaps, there are multiple manufacturing and factory jobs readily available for natives to the state and for those who are just getting used to the landscape.
Below is a comprehensive guide on Texas and its real estate.
Living in Texas is much more inexpensive than living in other states. This is true for rent, transportation, and food. Houston, Texas currently has the highest effective paycheck in all of the United States. Considering this, there’s no wonder as to why Texas is growing in popularity.
If price is a factor in deciding to live in Texas, one should seriously consider Houston as his or her next location. The state is low in taxes, in land price, and in real estate in general. A ratio between median home price and household income is 2.9; whereas, in other cities and states like San Francisco, it’s 6.7.
If you’re looking for a building permit to invest in land, this is also quicker than other states, cities, and countries. Texas is full of land for you and your family to build on and there are plenty of homes to enjoy.
Texas offers home owners and home buyers an affordable rate for mortgage through their TSAHC program; wherein, citizens only have to make a minimum down payment of around three percent. The home owners will pay for their home over a period of thirty years, which makes the entire process more affordable. TSAHC does, however, suggest that buyers invest more than just the minimum amount for down payment because this lowers the overall cost later on.
Like the saying goes, everything is bigger in Texas and this remains true for its real estate; in fact, this state is well-known for having one of the largest housing markets in the United States. Texas contains a large variety of homes; including, mobile homes, waterfront homes, townhouses, condos, and more!
In Brownsville, Texas, for example, there are several homes which have three bedrooms and three bathrooms for just under one hundred thousand dollars. This makes for a price of $68 per square footage which is much less expensive than Manhattan’s price per square footage, which ranges from one thousand dollars and over.
Buying homes for under $100, 000 really isn’t rare; in fact, the majority of these homes cost less than one hundred dollars per square footage. For the price alone, everyone should be considering Texas as their next place to buy a home!