6 things to consider when buying a property in Dallas
Home Improvement Guide - March 25, 2020
Moving to Dallas is a project people often undertake when they have major business opportunities in their plans. This bustling city is a major attraction for successful companies, colleges, and important organizations throughout the West. Your move to the DFW area will go much more smoothly if you pick our Dallas Fort Worth movers to assist you. With a team like ours, that has helped clients more than a thousand times, you cannot go wrong. We give each of our clients personalized attention and custom moving plans. And as experienced moving experts, we can even assist you with buying a property in Dallas. Just read on for our 6 things you should consider before moving here.
Why buy in Dallas?
Dallas metro area is home to more than 20 Fortune 500 mega-successful companies. While DFW has always been known as a corporate giant, it has largely been because of one massive economic driver. The Dallas/Fort Worth International Airport. American Airlines, Texas Instruments, and AT&T have all set up their corporate headquarters in the area as well. Apart from all the big players, there are also a lot of reputable long distance moving companies, such as our own. So as you can see, buying a property in Dallas opens up a whole new world of opportunities for you.
- Dallas can’t compete with Austin in its outlandishness. But it certainly has its own attractive vibe downtown. In the heart of the city, the long-vacant office towers are being transformed into apartments and condos. You can also find one of the country’s most exciting farmer’s markets in downtown Dallas. And this busy city offers outdoor adventures as well, and just nearby. Simply get down to the White Rock Lake.
- Still, apart from all the positives, buying a property in Dallas won’t be for everybody. Here are several reasons that could prevent you from moving to Dallas.
3. Dallas can be the poster child of urban sprawl
The DFW area has expanded at a much greater rate than most large U.S. cities. We have recorded a growth in the population of 35 percent between 2000 and 2014. The Dallas-Fort Worth Metroplex is a huge area, that spreads over 9,286 square miles. The urban sprawl has absorbed cities such as Garland, Plano, Irving, and Arlington.
Buying a property in Dallas will make you dependent on your car. The urban sprawl has had this consequence of the roadways always getting gridlocked. Only one portion of the fast-growing suburban areas surrounding Dallas has stayed connected to the public transportation system. That makes it more challenging to get rid of the motorcar.
And while the residential real estate market has recently slowed down, at least for a little bit, the city remains one of the busiest construction sites in the US. That means the crazy sprawl is only going to continue to evolve.
4. Traffic will be a huge part of your life if you opt for buying a property in Dallas
One of the biggest cons of buying a property in Dallas is traffic. Because of the astonishingly fast-growing urban sprawl, Dallas has some of the most congested highways in the state. And since the city is very spread out, its residents have longer commutes than in many other cities.
Though workers have a horrible commute, according to INRIX, it seems it could be significantly worse. Because in 2017 Dallas ranked 28th for having most traffic. And this was a significant improvement from the 16th ranking it got in 2016.
The longest commute in the Dallas area belongs to Royse City, a small place of just around 2,600 residents, 34 miles east of Dallas. The average one-way commute in Royse is almost 36 minutes.
5. The cost of buying a property in Dallas is going up
Dallas provides its residents with a relatively affordable cost of living. But it is still two percent higher than the national average. Housing and utilities will be your biggest living expenses if you opt for buying a property in Dallas. Even though they are actually four percent higher than the national average.
- If you are buying a property in Dallas, it means you will be paying roughly around $285,000 in the greater DFW area. Before you hire our packing services Fort Worth TX, be aware that the overall home values have increased by a whopping 24 percent in recent months. Unfortunately, real estate experts say this trend is expected to continue. Nowadays, more and more people are craving a connected, urban lifestyle.
- Are you planning to rent instead of buying a property in Dallas? Be prepared to open your wallet and splurge around $1,241 per month for a one-bedroom Dallas apartment. A two-bedroom condo is around $1,435.
- Yet rental prices in Dallas aren’t at nearly high as they are Austin. Plus, the prices here pale in comparison to rentals in New York, Los Angeles, and Boston, where $2,000/month is not uncommon.
6. Choose your neighborhood before buying a property in Dallas
- Colleyville. This prosperous community in northeast Tarrant County is home to dozens of restaurants, attractions and specialized and boutique shops. Houses have nice lawns, and there’s a very low crime rate. If you opt for this neighborhood before buying a property in Dallas, keep an eye on the smart development happening here.
- Grapevine. After moving to Dallas, you could be enjoying Grapevine’s parks, low taxes, and the amazing school system. The city loves to entertain and thousands of Dallas-area residents visit Grapevine for the lovely festivals and events each year. Grapevine is home to various wineries and it’s famous as the Christmas capital of Texas.
- Trophy Club. This is the city’s most eligible neighborhood, because of exceptional schools and amazing parks system. It also has a reputation as a golf haven.
- M Streets. Just picture tree-lined streets and charming homes dating to the 1920s, and you’ll choose the M Streets neighborhood to be your home after moving to Dallas. It is especially attractive for young couples and starting-out families because it’s close to downtown Dallas.