Choosing where to put your money to grow is a tough decision. But with a robust real estate market that shows no sign of stopping, Dallas, TX is attracting investors locally and globally alike who find that placing their funds here is an easy choice.
About 11 percent of international home purchases are in Texas, and according to the Texas Association of Realtors, international buyers contributed more than $11 billion in home sales to the Texas economy between 2013 and 2014.
And it’s all for good reason: multiple factors are driving huge demand in the Dallas area, and home builders can barely keep up. It’s the perfect storm for investors abroad and here at home looking for real estate that will skyrocket in value in the coming years. But in case you’re still skeptical, let’s delve into just a few of these driving forces behind the strong market.
- Population Growth – The Dallas area population is already more than 6 million people, and only poised to grow more. By 2020 between one and two million people will make their way to North Texas, and the growth shows no sign of stopping.
- Economic Growth – Thousands of companies have chosen Dallas for their headquarters’ location, and 21 of those are Fortune 500 companies. The favorable business climate of the city, and of Texas itself, is driving this growth and bringing even more people to this area to get jobs.
- Bargain Prices – While the market is tightening, the prices are reasonable compared to properties on the West Coast, where many investors are used to paying much more for much less. Larger homes and lots give investors more value for the price.
- Boundless Geography – Unlike many cities that are bordered by geographical features like oceans and mountains, the flat plains of Dallas stretch on for miles. There’s no geographical limit to the growth that can happen here, which adds to the potential for the worth of your real estate to go up.
In short, all these factors will continue to push property values up and bring you a healthy return on your investment for years to come. If you’d rather just enjoy those returns and not worry about all the work that comes with renting out a property, we can help.
We Can Help You Find Your Next Investment
If you’re ready to see what the Metroplex has to offer, our foreclosure listings show a sampling of real estate options to help you start the process of investing in the DFW area. But finding and buying your investment is just one step toward getting the returns you want.
The success of your rental investment depends on how well it’s managed. We have years of experience finding quality Dallas tenants, fulfilling maintenance requests, and even dealing with late rent payments and evictions.
If you’d like to reap the returns of a solid investment without taking on the time-consuming duties of being a landlord, give us a call at 888-657-3033 or contact us about full service DFW property management today!