In 2016, the rate of Condo sales by May of that year had climbed up to 3.2%. This wasn’t just some fluke result as the growth of this particular branch of real estate had been hinted at in many cities. Dallas and it’s neighborhoods particularly the Downtown Dallas area seems to have gotten the best end of all deals. With stunning scenery, beautiful people and a lovely skyline, the sales of high rise homes in Downtown Dallas have skyrocketed. Many people are still unsure, but understanding why, is a good way to make sure you don’t miss out on the deal of a life time. Below are some reasons why high rise home ownership is on the rise and why you should consider it:
How High Rise Homes is Bringing Sexy Back to Ownership of Condos in Downtown Dallas
Here are what experts are saying about the insurgent of high rise homes or in downtown dallas. If you’ve read one article about high rise homes or condo before, read this one because it contain great insight.
Although condos in general are touted as overly expensive, with hidden costs and high tax burdens, condos in Downtown Dallas are particularly cost friendly and are most times easier to streamline to your pocket and needs. Most expenses are also stipulated in the contracts by sellers to make sure you are fully aware of your sign on costs. You could get a condo in a good environment from any price above $200,000. This in my opinion seems like a bargain especially when you consider the fact that condominiums are a lot less expensive than single unit town homes.
In the traditional sense, condos are not the best of investments, with hidden costs as to maintenance, bills and services that might sometimes make the cost of buying and owning one particularly over the top. But like any investment, your ability to use it to create value is the main factor and people ignore that. With proper management, modesty and a keen eye for quality, condos in Downtown Dallas can be highly valuable investments with pretty lucrative ROIs. Hence the continued sustained growth in its sales and rentals.
James Gaines, an important functionary with Texas A&M Real Estate centre has been quoted as saying that the increase in sales of condos over the past few years is essentially a function of price and location. In Downtown Dallas business has been thriving because of the conducive atmosphere and people around involved in a wide range range of projects, creating a growing hub for condo owners, buyers as well as sellers. With a competitive edge in price over traditional homes, coupled with a very well thought out planning and location, the growth of the high rise luxury condos in Downtown Dallas is just a sign of things to come.
Luxury condos in downtown Dallas have additional inherent value not just for their architecture, comfort and vision but also for the quality of amenities available. This has created a recent influx of patronage and therefore as a ripple effect an increased value of the condominiums.
With all these business on security and national crises, corporations and developers roll out millions of dollars into developing secure systems. These condos now equipped with capable wireless systems protect our lives and property from the dangers that go bump not just in the night but in the day.