Researchers at the Texas Real Estate Research Center see a more stable Texas housing market ahead, as soon as pandemic-induced home shortages dissipate.
Good article to read from The Texas Real Estate News Center click on link below:
https://www.recenter.tamu.edu/news/newstalk-texas/?Item=26340
People love to live near water bodies where they can swim or recreate. Some people prefer the ocean or a lake to be their favorite body of water. People are building ponds to access the water on their property, so that they don’t have to leave their land. This trend is a good investment. However, landowners will need to find out how much a pond can add to their property before they dig up their land.
A pond can add value to your property by creating beautiful scenery and recreational opportunities. A pond could be a good idea if your property has large acreage that is not yet developed and located where a pond can easily be dug. Most ponds built in recent years have a size of one-half to two acres.
You may want to stop developing your land if your property is small or not well developed. Foundation problems could result from digging a pond near your home or other structures.
Although a small pond can be a great addition to a property’s value, it will still need to be maintained. Common maintenance costs for owning a small pond include:
Although all ponds require some maintenance once they have been established, there are ways to avoid significant maintenance costs.
A pond built on your property can be very disruptive. You should consult a professional to determine if it is a good idea. The professional will take a look at the soil and land to provide further information about the development process. After the professional has appraised your land and given you permission to proceed with the pond development process, it is important to meet with the professional to discuss the details and spend time designing and building the pond that you desire.
Experienced professionals will anticipate potential problems when designing a pond. You can also have your design modified to ensure that the pond fits your property.
You will need to ensure that your property is able to support a pond before you consider installing one. A pond will likely increase the property’s overall value if it can be supported. The addition of a pool will increase your property’s overall value. It will also provide you with additional recreational opportunities, which can help you attract more buyers when you sell. A pond will need to be maintained. These maintenance costs can be reduced significantly by planning and designing well.
Original article at https://land.us/2021/07/does-a-pond-add-value-to-a-home/
Real estate experts know that homes in desirable locations or within the boundaries of top schools will sell at a higher price. The location is an important factor in determining the price of homes. What are the factors that can lower the home’s value? What makes a neighborhood less desirable?
Bad Schools. Young families are looking for homes that are zoned for the best schools. Homes with low school ratings aren’t highly sought-after. Property values are affected more by living within the limits of schools with poor ratings than any other factors. According to Great Schools, the median home price for zip codes with schools rated 1 through 3 out of 10 is $155,000.
Strip Clubs. This one seems to be the most expected on this list. A young family would not want to live near a club with an adult theme. These clubs often have loud music blasting and unsavory people hanging out outside. Realtor.com surveyed many areas with strip clubs in large metropolitan areas. One neighborhood had 10 clubs. Washington Park, East St. Louis, IL. This neighborhood has only seen a few homes sell in the past three years, and the median home price is $10,000.
Lots of Rentals. Is it possible for a neighborhood with high levels of rental units/buildings to lower its property value? Although it is difficult to do an exact analysis of this factor, the research revealed that higher property values were associated with areas with more rentable homes.
Homeless Shelters. Shelters for homeless people can often be seen as the unloved misfits of a community. Although there isn’t any hard evidence to prove that homeless shelters bring in more crime than others, shelters can attract a diverse group of people and emergency calls numbers go up in areas close to shelters. The property values of areas with homeless shelters are almost 13% lower than those without them.
Cemetery. Cemeteries can be quieter than other neighborhoods, but there are still people who don’t want to live in close proximity to the living. The median home price in zip codes with cemeteries was 12% less than the neighboring zip codes.
These last factors bring down property values less than 10%, but are still worth noting.
While location is important when it comes to real property, there are many other factors that can help homes sell for top dollar. With the help of an expert selling agent you can get your home sold for a great price.
Is Remodeling Worth The Time & Money? Be aware that your 1970s bathroom may not be able to be recouped when you sell. Certain remodeling options can make it more difficult to sell a house, like materials that are out of fashion. To attract reasonable offers, additional upgrades might be required. Other factors include the condition of nearby houses for sale, the range of their prices, and whether current conditions favor a seller’s or buyer’s market.
What Can Help My Home? It doesn’t matter how big or small your home is, its location, price, and size, it’s important to keep it clean, tidy, neat, and free of minor nuisances. A few plants and new paint can make a great first impression. Sticking doors, overgrown lawns, and dripping faucets could turn off potential buyers before they even give your home a chance.
Don’t Underestimate The Significance Of This? Your asking price is perhaps the most important factor. An excessively high price can discourage offers and make the property unsellable. A lower number could spark bidding wars that result in offers much higher than you ever imagined. Price may be influenced by market conditions or time constraints.
Thinking of selling your home? It’s time to rely on the local experts- we’ve got your back! Call Preferred Properties of Texas for all you real estate needs!
It is not easy to own and operate a horse ranch. How much does a horse ranch run? Owning a ranch comes with upfront costs such as taxes and development fees. However, you will need to purchase horses and register the horse ranch as an accredited company. The majority of the costs involved in owning a horse farm will be related to the purchase of horses.
Horses can be expensive, and those who have one know how costly they can become. Horse ownership comes with the most expensive costs:
When you decide to purchase a horse, the first thing you need to consider is the cost of purchasing the horse. The cost of a horse will depend on its breed, age, and bloodline. A show-level Hanovarian, for example, can go up to $50,000. The average cost of a standard riding horse is between $3,000 to $5,000. You might be able buy a horse if you can foster one from a rehabilitation facility.
The next expense you’ll have to pay once you own a horse is the cost for vet and farrier visits. The horse vet administers vaccines and shots to your horse. They also care for your horse in case of injury or sickness. The farrier is responsible for trimming your horse’s hooves and equipping them with horseshoes.
A typical horse vet will charge between $50 and $75 to visit the farm and $200 to $350 to administer any vaccinations. Your horse’s hooves grow faster in summer than they do in winter. For a standard farrier visit, expect to pay between $30 and $70 for a trim or $50 to $200 for shoes.
Hay and grass will make up the majority of any horse’s diet. Hay is paid for, while grass is usually free. Hay will typically cost between $5 and $15 per square yard. To meet the standard nutritional requirements of horses, hay and grass must be supplemented with grain. A horse owner can expect to pay $15-$50 for a bag of grain, depending on the quality and size.
You most likely want to buy a horse so you can learn about the sport and ride it. You will need to purchase tack, equipment and training if you decide to ride your horse. Equipment and tack costs can vary depending on the horse’s age and quality. Training will also cost more than all the equipment. A lesson in riding can range from $50 to $250 on average.
A horse is a costly investment. If you have more than one horse, this expense can be even greater. An average cost to own a horse each year is between $2,000 and $50,000. If you plan to board your horse at a different horse ranch, the overall cost will need to be adjusted.
If you have a horse ranch, you won’t need to include boarding costs in your answer to “How much does it cost to purchase a ranch?”
If your looking to buy a horse ranch contact our office to speak with one of our knowledgeable agents. We are here for you!
