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Builders in Texas Say Real Estate Recovery has Begun

By Michele Lerner

Real estate investors would always love to buy low and sell high, with their property 100% leased while they own it. While that may be a bit optimistic, investors would be wise to investigate the health of the local real estate market before purchasing a home to make sure values are not heading down.

Low unemployment and a continued influx of new residents in search of jobs, along with a stable housing market, have lead investors to identify Texas as a strong location for investing real estate dollars. According to the Real Estate Center at Texas A&M University, home sales have risen by 62% from November 2008 to November 2009. Median sales prices rose by 4.6% during that same time period.

In the Dallas/Fort Worth area, Value Builders, Inc. is focused on building duplexes with both investors and tenants in mind. The Grand Heritage ( development in the North Texas community of Lavon includes a resort-style swimming pool, an 18,000 square foot clubhouse, a fitness center and a location in Collin County. Lavon offers easy access to job centers in the Plano, Texas research and technology corridor and Richardson’s telecom corridor. New retail developments such as the Firewheel Shopping Center are also near Grand Heritage.
The duplexes each have three bedrooms and two baths on one level with a two-car garage and a private fenced yard. Rent for each duplex at Grand Heritage is established at $1,195 per month.

For investors, Value Builders arranges for property management services, secures special financing for non-owner occupants and offers warranty-backed construction. Since 1995, the company has built and sold more than 350 duplexes in Texas. In 2006, the company relocated to the Dallas/Fort Worth area and has since sold 147 duplexes locally to investors.

Michele Lerner, a real estate expert and freelance writer with 20 years of experience, is the author of “HOMEBUYING: Tough Times, First Time, Any Time”.
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