Author Archives: Carolyn Bain

and the WINNERS homes in EAST TEXAS are ………

EXTERIOR WINNERS: New roofing & ROI (Return On Investment) is 107%. New garage door & ROI is 95%. New fiber-cement siding & ROI is 76%. New steel or fiberglass front door & ROI is 75% for steel & 74% for fiberglass.

INTERIOR WINNERS: New wood flooring & ROI is 106%. Hardwood flooring refinish & ROI is 100%. HVAC replacement & ROI is 85%. Insulation upgrade ROI is 83%.

CONSIDER THESE COSTS, TOO when buying a home, ranch, upscale homes in TYLER, BULLARD, FLINT, LINDALE, CHAPEL HILL, ARP & EAST TEXAS

When buying a home you have the price of a home, BUT also (1) HOMEOWNERS INSURANCE to protect your homes from disasters and accidents. Flood insurance is extra. (2) HOMEOWNER ASSOCIATIONS. Can be $100 a month or much more. Be sure you understand this. (3) REPAIRS, REMODELING, MAINTENANCE. Does the house need new AC + the ongoing costs of keeping the house & yard in pristine condition. (4) TAXES. May be exemptions or maybe not.

3 STRATEGIES for LIVING LONGER in YOUR HOME in Tyler, Chapel Hill, Lindale, Arp & upper East Texas

(1) WALK YOUR WAY TO HEALTH: 20 minutes of walking a day, 5 days a week gives you more energy & lose your cravings for sweets, helps with stiff joints. (2) EMBRACE ONE-FLOOR LIVING: easier to move if too expensive to adapt a single floor. (3) GET COMFORTABLE WITH TECHNOLOGY: take a class to learn to use your tablet or smartphones, as to everything they will do.

NORTHEAST TEXAS

Driven by increased activity near Dallas, the area is having remarkable price growth. Up to $4,421 per acres or 11.4% climb. Sales have fallen a big so some buyers will not pay those prices. Property size declined slightly from 114 to 112 acres. Information from Real Estate Center at Texas A&M>

MORE ON TEXAS LAND

The scramble for returns on land investment is now a more attractive place to park capital. Slower economic growth seems to be the consensus forecast, the FED now appears set to cut interest rates in the coming quarters. Barring something unforeseen such as war with Iran, markets SHOULD CONTINUE TO THRIVE!!

INCOMES, HOME PRICES GAP a KEY ISSUE FACING OUR HOUSING MARKET

The affordability of homes starts with the price of the empty lot. A home usually sells for 5 to 6 times what the lots costs. So a $50,000 lot may yield a $300,000 house. Homes are affordable when prices are between 3.2 & 3.8 times a household’s income. Dr. James Gaines, chief economist at the TX A&M Real Estate Center, looks for a 5% downturn in single family homebuilding as lack of affordable retail lots.