dallasluxuryrealty |

2 years ago

dallasluxuryrealty

Life in Allen, TX

Allen is one of Dallas' premier suburbs, but don't let that label fool you: the city is truly a treasure in its own right. There are more than 20 different neighborhoods in the greater Allen area and most residences are single-family homes. The city’s population has grown 12% in the last five years. The city boasts more than 1,300 acres of park land and 78 miles of trails. Some of the most popular neighborhoods include Watters Crossing, Twin Creek, and Cypress Meadows. There is a thriving system of parks and... more

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dallasluxuryrealty |

2 years ago

dallasluxuryrealty

LIFE IN MCKINNEY

If you’re in need of a fresh start and are looking for an exciting city to call home, you might just find exactly what you’re looking for as you browse through McKinney TX homes for sale and rent. Located just 30 miles north of Dallas, McKinney is a beautiful suburb of the city and offers residents a relaxed environment compared to a major bustling U.S. city like Dallas. There’s a reason why Money Magazine declared McKinney as the number one US city to live in: this booming city has a lot to offer... more If you’re in need of a fresh start and are looking for an exciting city to call home, you might just find exactly what you’re looking for as you browse through McKinney TX homes for sale and rent. Located just 30 miles north of Dallas, McKinney is a beautiful suburb of the city and offers residents a relaxed environment compared to a major bustling U.S. city like Dallas. There’s a reason why Money Magazine declared McKinney as the number one US city to live in: this booming city has a lot to offer its 200,000 residents But before starting to fully consider homes for sale in McKinney TX, it is important to have a solid understanding of what life is truly like for the residents of this growing city. Family Life in McKinney, Texas Because of its friendly and safe environment, McKinney TX homes for rent and sale are great options for families or couples with plans to have kids in the future. Whether it's enjoying the incredible food scene or nature areas, there are a ton of fun activities to do in McKinney that are perfect for kids and families of all ages Plus, the dozens of beautiful parks make it a great place for dogs and other pets as well. A few of the most family-friendly places to visit in McKinney, Texas include: Heard Natural Science Museum & Wildlife Sanctuary Erwin Park Hike & Bike Trail Chestnut Square Historic Village Roy & Helen Hall Memorial Library Towne Lake Recreation Area McKinney Farmers Market At Chestnut Square Another important factor families must think about when considering a house for sale in McKinney Texas is the school system. Lucky for you, you cannot go wrong with the public school system available in McKinney Texas. The McKinney Independent School District is consistently ranked as one of the best districts in the state. In fact, one of its three high schools, McKinney Boyd High school, was ranked as one of the best high schools in the Dallas area according to GreatSchools.org. (you might want to set up a link here to greatschools.org) Nightlife in McKinney, Texas While McKinney boasts all of the accolades of a family-friendly city, that doesn’t mean it doesn't have its fair share of fun nightlife for young professionals. While it might not have the hustle and bustle of the downtown metropolitan area, there are still plenty of bars, breweries, restaurants, nightclubs, and events going on to draw in the young singles or couples on a date night. Plus, with Dallas so close, you’re a quick drive away to hundreds of more nightlife activities. Some of the hottest spots for young adults to check out in McKinney include: The Pub McKinney The Comedy Arena TUPPS Brewery The Yard McKinney Real Estate in McKinney, Texas: Finding Homes For Sale “If you’re looking for homes for rent, McKinney Texas is a gem of a city to consider.” Because McKinney is ranked as one of the top 100 most affluent communities in the United States, it is important to keep in mind that if you’re looking for a house for sale, McKinney Texas homes usually reflect the price point of a wealthier buyer. That being said, if you have the budget to afford the incredible lifestyle that McKinney offers, some of the best neighborhoods to look into include: Historic downtown: Living in the historic downtown area leaves you right smack in the middle of McKinney’s exciting restaurants and activities. It is a great neighborhood for younger individuals ready to experience all that the downtown has to offer. Hardin Lake: Hardin Lake is easily one of the most relaxing and picturesque neighborhoods in the city. Its beautiful lake and trees allow for the homes for sale to have stunning views and yards. Adriatica: Adriatica mimics the feel of a small fishing village off the coast of Croatia. A few of the coolest parts of the Adriatica neighborhood is the European-inspired architecture, cobblestone streets, and quaint ambiance. Enjoy the outdoor patio seating at Harry’s on the Harbor. The patio area overlooks the lake and the stone Chapel. You might just get invited to a wedding Retirement in McKinney Texas If you’re wondering if a house for sale in McKinney will suit your needs in retirement, you’d be happy to hear that there are a lot of great resources and parks for seniors to enjoy in this city McKinney is the perfect quiet place to enjoy a relaxing retirement. There are plenty of activities and classes to enroll in so that you can connect with fellow retirees at the McKinney Senior Recreation Center. There are also many active senior communities for rent in McKinney for you to consider. Be ready for your social calendar to be full Dallas Luxury Realty Offers McKinney Homes for Rent Today With all of the benefits that come with life in McKinney, what’s stopping you from looking for homes for rent in McKinney Texas? Dallas Luxury Realty is the perfect place to begin your search for beautiful homes. Our team of knowledgeable real estate experts can help you find your dream McKinney house for sale. Reach out to us today less

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dallasluxuryrealty |

3 years ago

dallasluxuryrealty

The Complete Guide to Nightlife in Dallas

Downtown apartments in Dallas are a stone’s throw away from a unique and vibrant nightlife scene. Check out our complete guide to nightlife in Dallas to find the perfect place to socialize when you need a night on the town When You Want to Dance For Country - Cowboys Red River Cowboys Red River is known all over Dallas as the venue for any type of country dancing, from two-stepping to country swing dancing. If you want to experience a truly Dallas style honky tonk, Cowboys Red River is something... more Downtown apartments in Dallas are a stone’s throw away from a unique and vibrant nightlife scene. Check out our complete guide to nightlife in Dallas to find the perfect place to socialize when you need a night on the town When You Want to Dance For Country - Cowboys Red River Cowboys Red River is known all over Dallas as the venue for any type of country dancing, from two-stepping to country swing dancing. If you want to experience a truly Dallas style honky tonk, Cowboys Red River is something to write home about - unless of course, you’re from Texas. Cowboys Red River hosts dance lessons almost every night of the week, so if you’re a two-stepping novice or want to try out some west coast swing, you can still hit the dance floor with confidence. For a Nightclub - Station 4 When you want a true nightclub experience, complete with cages, poles, and some of the best Drag shows in the city, Station 4 is where you want to be. For Blues and Swing - Sons of Hermann Hall Even if you can’t swing dance, Sons of Hermann Hall is worth a visit. The city’s vibrant swing dancing scene is most prominent in this charming building that’s over a century old, and locals often dress up in vintage outfits, making you feel transported to another time. Beginner dance lessons are on Wednesdays. When You Want a Craft Cocktail Hide Hide is one of the most talked-about cocktail bars in Dallas, offering complicated cocktails as well as local craft brews. Whether your palate is seeking something simple and comforting or complex and noteworthy, Hide has something that will satisfy your cravings. Midnight Rambler If you want to feel transported back 100 years to the roaring 20’s, the speakeasy you’re looking for is in the basement of the famous Joule Hotel. Fitting right in with the luxury real estate in the area, all you’ll need after your vintage-inspired cocktail is to find the perfect luxury condo for rent in downtown Dallas. When You Want a Relaxing Getaway 77 Degrees When you want to feel like you’re on vacation in the middle of the city, 77 Degrees is the destination you’re looking for. Beautiful views of downtown surround the multi-level patio, with plenty of island-inspired flairs, like group swings, cabanas, pineapple boats, and plenty of tropical drinks to choose from. When You Want to Have Fun With Friends Sidecar Social Sidecar Social is a game lover’s dream, with plenty of offerings that range from indoor basketball to cornhole. They even have karaoke, so you can try your hand at singing your favorite tunes. Single Wide This casual neighborhood watering hole is able to show visitors a good time while satisfying a steady stream of local regulars. With a welcoming patio and a hole-in-the-wall vibe, it’s a great place to bring your friends, or make new ones. The Rustic The Rustic is the place to go for red dirt country and Americana fans who want to listen to music while they sip on craft beer and eat some down-home food. The indoor/outdoor live music venue offers a relaxed environment that is full of Texas charm. When You Want to Bring Your Dog Lee Harvey’s Lee Harvey’s is an established Dallas staple, open for nearly two decades. They have fire pits and cozy picnic tables where your friends - both two- and four-legged - can hang out in style. Find a Downtown Apartments in Dallas If you are looking for luxury condos to rent or a downtown apartment in Dallas, look through our public listings or contact Dallas Luxury Realty for exclusive rental homes not found anywhere else. less

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dallasluxuryrealty |

4 years ago

dallasluxuryrealty

Managing Multiple Rental Properties in Dallas

If you have multiple rental properties in Dallas, managing them can quickly get overwhelming. While managing multiple rental properties yourself is possible, there usually comes a time when it makes more sense financially to hire a local property management company. We will go over both options below. How Do I Manage My Rental Properties? Managing rental properties is a detail-oriented job. First, you need to take care to list and advertise each rental property in order to find and properly screen... more If you have multiple rental properties in Dallas, managing them can quickly get overwhelming. While managing multiple rental properties yourself is possible, there usually comes a time when it makes more sense financially to hire a local property management company. We will go over both options below. How Do I Manage My Rental Properties? Managing rental properties is a detail-oriented job. First, you need to take care to list and advertise each rental property in order to find and properly screen qualified, responsible tenants who you believe are a good fit for your rental. Then, you have them sign your rental agreement before moving in. After that is usually where issues arise. From routine maintenance to emergency calls, as well as handling complaints in multi-family buildings, you need to be available virtually around the clock. You need to stay on top of current local, state, and federal laws regarding rental properties, and if there is a reason to evict, you have to stay on top of the eviction process, which can take a month or more. After you have multiple rental properties in your portfolio, it may be a good decision financially to look into hiring property managers in Dallas, so that you are free to expand your business and have time to create additional revenue streams. Should I Hire a Dallas Property Management Company? Managing just one rental property can be a full-time job in and of itself, but multiple rental properties is often more than one person can reasonably handle. Whether or not you should hire a Dallas property management company is largely determined by the number of rental properties you own, how much time you spend managing those properties, and whether your time would be better spent on making more investments, rather than hands-on management tasks. You may dread the day-to-day management tasks associated with rental properties. Keeping up-to-date on maintenance, accounting, and collections can be a difficult task on its own without even mentioning tenant complaints or issues, or getting called out for an emergency. If you want to make your rental properties a more passive source of income, hiring a Dallas property management company is the solution. When choosing a Dallas property management company, you will want to look into their reputation both with their clients, as well as the renters who deal with them on an at least monthly basis. You don’t want to tarnish your reputation by hiring a company that is unprofessional or difficult to work with. Property Managers in Dallas Dallas Luxury Realty specializes in managing high-end apartments, homes, and condominiums in and around the Dallas, Texas area. The glowing reviews from our clients are a reflection of our work ethic and values. We can assist you with every step of the process, from helping you locate, purchase, and invest in profitable real estate, to performing all-encompassing property management tasks. This includes everything from marketing and leasing to maintenance, accounting, inspections, collecting rent, performing any necessary evictions, and even keeping you compliant with the law. We allow you to maintain a steady stream of income while freeing up your time to continue to make investments or grow your business in other ways. Because we target higher-end properties and screen potential renters extensively, we tend to attract tenants that don’t come with the problems you may see in less expensive properties. Dallas Luxury Realty has over 15 years of experience managing an $800 million portfolio of properties stretching all across the Dallas area. Call Dallas Luxury Realty Today Dallas Luxury Realty is so confident in our services, we are offering our first month FREE to new clients. We know that you will love being able to generate passive income while remaining confident that your properties are being taken care of, and have high-quality tenants. If you buy your investment property through our experienced team of realtors, we will waive our leasing commission for an entire YEAR. Call Dallas Luxury Realty today less

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4 years ago

dallasluxuryrealty

Top 3 Strategies to Keep Your Rental Property Occupied

For a property owner, there’s nothing sadder than looking at a vacant unit. Other than looking at multiple empty units, that is. Empty units means money down the drain, so it’s essential to continually find new tenants to replace the ones leaving, but that’s easier said than done. Let’s break down the best methods to market your property and keep your rentals filled. If you are wondering how to attract tenants to your rental property and just as important, how to find good tenants, there... more For a property owner, there’s nothing sadder than looking at a vacant unit. Other than looking at multiple empty units, that is. Empty units means money down the drain, so it’s essential to continually find new tenants to replace the ones leaving, but that’s easier said than done. Let’s break down the best methods to market your property and keep your rentals filled. If you are wondering how to attract tenants to your rental property and just as important, how to find good tenants, there is a wide range of marketing strategies to fill those vacancies. The most effective method for finding qualified renters is to broaden to include a wide range of resources. In the current digital age, the use of online listing resources is a must, but they are hardly the only ones that can attract new tenants to your rental property. The best strategies take these into consideration: 1. Utilize Social Media Social media outlets have never been more popular. They are a great resource to expose your rental property listings to a wider spectrum of prospective renters. Use the power of the medium to have your network of friends and business associates to like and share your posts and listings. Ad campaigns on social media sites allow you to target specific people by location, age, and income to focus on your key demographic groups. The most popular and effective social media platforms or listing rental properties in Dallas are: Facebook: Videos posted on Facebook are viewed more frequently than any other type of content, an ideal platform for property walk-through presentations. Twitter: The vast community of tweeters can search to find your rentals through strategic hashtag placement on the platform that also supports video play. YouTube: The massive worldwide video storage center is also the second largest search engine. Properly optimized content can be boosted by high rankings in Google and other search engines. Manage Word of Mouth Simple word of mouth is often the best way to promote vacant rentals. There is no better recommendation than when the referral comes from other tenants, friends, or other property managers and landlords. While you can’t control what your tenants are telling their friends, you can manage your overall presence online to help manage how potential residents view your property. Online reviews and ratings are the digital equivalent to word of mouth advertising, so it’s essential to manage and review your online reputation. Prompt maintenance, excellent customer service, and the overall upkeep of your property are some of the most noted elements people discuss when reviewing their rental online, Team Up With a Property Management Company Keeping your property occupied is a full-time job-- not including the maintenance, paperwork, and random chores that come along with the rental itself. If you’re looking for the easiest way to ensure you always have tenants, look no further than Dallas Luxury Realty. Our property managers have the experience and resources to fully utilize every available channel, meaning your rental will get the exposure it needs to stay occupied. less

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dallasluxuryrealty |

4 years ago

dallasluxuryrealty

The Run Down on Dallas Real Estate by Neighborhood

While many incredible options exist for housing in Texas, many consider the city of Dallas to be without equal in the region. Such is the prestige that luxury real estate can provide in some of the best neighborhoods in this great state. As the unrivaled financial epicenter for the state, Dallas comprises a large population with countless opportunities for work, education, and leisure. Culturally and economically, one would be hard-pressed to find an area that comes close, even in such an impressively... more While many incredible options exist for housing in Texas, many consider the city of Dallas to be without equal in the region. Such is the prestige that luxury real estate can provide in some of the best neighborhoods in this great state. As the unrivaled financial epicenter for the state, Dallas comprises a large population with countless opportunities for work, education, and leisure. Culturally and economically, one would be hard-pressed to find an area that comes close, even in such an impressively expansive and deeply developed state such as Texas. With all this in mind, it’s no wonder that so many people want to move here, to relocate to this great city. Homes for rent in Dallas are wide-ranging, offering just about anything and everything. The same holds true as far as homes for sale in Dallas goes as well. Whether you’re in the market for traditional or modern or something in between, the best neighborhoods in Dallas have something for you. Follow along below as we go through the 5 best neighborhoods for real estate in Dallas. 1. Uptown Dallas This area has evolved over the past few years to offer a wide range of stores, businesses, and apartments, as well as hospitality and nightlife. Situated roughly one mile from the center of the city, Uptown Dallas homes for sale provide a unique complement to what many consider the standard suburban development. The homes for rent here also include townhouses, which have become favored by millennials due to the ease and convenience of pedestrian and/or biking life in the area. 2. Highland Park If you’re on the hunt for true elegance and a luxury lifestyle, look no further than Highland Park for a new house or condo. Homes for sale in this neighborhood are unrivaled for their beauty, sophistication, and classic sense of style and appeal. The effect is that many families stay here for generations, and the houses only seem to grow in value with the passage of time. 3. Preston Hollow Drive just five short miles to the north, and you'll land in the quaint town of Preston Hollow. Nothing quite expresses the dreamy image of traditional American homes like a street running from end to end with beautiful oak trees, and that’s exactly what resides here. Idyllic and peaceful, the Dallas homes for rent in Preston Hollow offer both the ease of commuting into the city proper as well as the convenience and comforts of being removed from the hustle and bustle. 4. Lakewood In line with its predecessors on this list, Lakewood is the very essence of Dallas luxury real estate. These homes strike many as more than mere houses, reaching to the level of the estate. Opulence is welcome here, with wine cellars and media rooms something of a commonplace in this area. To top it all off, Lakewood homes for sale often come with pools as well, which can be enjoyed in the heat of summer or even heated for that occasional dip in spring or fall. 5. M Streets Located just north of Dallas proper, the M Streets area of the city is composed of both new construction and older heirloom homes that makes it a perfect spot for just about everybody, from single millennials to couples with small children. Not only does it offer an easy pedestrian life with restaurants and stores close by, but it also has convenient access to public transportation as well. Enjoy the finer elements of weekend and nightlife entertainment as well as quick access to the city itself in the M Streets region of Dallas. Luxury Real Estate in Dallas For luxury real estate in Texas, there’s no comparison. Dallas has it all, and then some. And when it comes time to find that perfect home for you and your family for generations to come, nobody does it like we do at Dallas Luxury Realty. We have the years and skills behind us, enabling us to craft a tailored experience for each and every one of our clients. It’s not difficult to entertain the thought of living in these great neighborhoods. We often find our clients imagining life in the many expansive homes we tour on a daily basis. Join us by getting in touch today to take that first step toward finding the luxury home you’ve always wanted. less

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4 years ago

dallasluxuryrealty

3 Things To Know About Property Management

So you’re looking to create or expand your leasing portfolio in the Dallas area, but you’ve got lots of questions. No worries When it comes to managing a high-end property, Dallas Luxury Realty has all the answers to questions you didn’t even know you had. From finding a property for you to buy to long term management, Dallas Luxury Realty has you covered at all steps of the leasing process. Even if you’re thinking about managing your property yourself, there are many elements you should consider,... more So you’re looking to create or expand your leasing portfolio in the Dallas area, but you’ve got lots of questions. No worries When it comes to managing a high-end property, Dallas Luxury Realty has all the answers to questions you didn’t even know you had. From finding a property for you to buy to long term management, Dallas Luxury Realty has you covered at all steps of the leasing process. Even if you’re thinking about managing your property yourself, there are many elements you should consider, whether you’re new to the renting market or just refreshing your property management skills. 1. More and More People are Renting Instead of Buying It’s 2019, and the renter’s market is more diverse than ever. People are deciding to rent later in life instead of buying a home, which means that luxury realty is at an all time high. Which also means that it’s more profitable to have fewer, high-value properties than several lower-end complexes. When you rent at a higher level, the likelihood of your tenants defaulting on their rent or leaving a nightmare move-out mess decreases significantly. Plus, higher-end properties tend to attract tenants who will want to stay for the long term, which results in less turnover and longer lasting renters. With on-time rent, easy clean-up, and lower turnover, luxury properties guarantee much lower costs in the long run, meaning you get to keep more of your profits However, tenants of luxury properties also expect more from their landlords or owners in exchange for higher rent. Luckily, with a property management company fielding the 2 am emergency calls, you can enjoy the higher ROI without the added burden of handling your tenants. 2. Renters Want Their Information At a Glance With the digital age in full swing, tenants have come to expect some sort of online portal to view their bills and submit maintenance requests. The era of sending a check in the mail is over. If you can’t offer a direct deposit from the bank, you’re actually losing out on a quicker payday for yourself. Unfortunately, building your own online payment processor, website, and app can come at an exorbitant cost, plus months of development. By working with property managers, you gain their expertise, skills, and resources, which boils down to you not having to worry about hosting and maintaining a rent portal. You’ll save your sanity and your cash by delegating to the experts. 3. You Wont Find Renters if They Can't Find You In an online market flooded with home-finder sites, it can feel overwhelming to find the right ones to post your property on. Then there’s the issue of taking professional-looking photos, pricing fairly, answering prospecting renters, and scheduling tours -- that’s a lot to handle You could try to do it all on your own, but wouldn’t it be nicer to let someone else (who handles these kinds of things every day) take on the burden? Do You Need Expert Property Management? There’s a lot to know about managing your own rental property. While hiring property managers may seem daunting if you don’t know what to expect, it’s the easiest way to ensure you’re getting the maximum profit while still sleeping soundly. Ready to get started? Get a quick quote or try Dallas Luxury Realty for free Contact the premier rental property management company in Dallas for everything you need to start renting your home today. less

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dallasluxuryrealty |

4 years ago

dallasluxuryrealty

Best Neighborhoods in Dallas, TX

As the ninth largest city in the United States, Dallas has a lot of options for homebuyers. If you’re moving to Dallas, you naturally want to make sure you move to the best neighborhood for you and your family. So, let’s take a look at the best neighborhoods in Dallas and answer a few questions you might want to consider along the way. What Are the Parts of Dallas? Before we get into the best and safest areas to live in Dallas, it’s important to get a lay of the land, a 30,000 foot view of what... more As the ninth largest city in the United States, Dallas has a lot of options for homebuyers. If you’re moving to Dallas, you naturally want to make sure you move to the best neighborhood for you and your family. So, let’s take a look at the best neighborhoods in Dallas and answer a few questions you might want to consider along the way. What Are the Parts of Dallas? Before we get into the best and safest areas to live in Dallas, it’s important to get a lay of the land, a 30,000 foot view of what Dallas has to offer. Dallas covers a ton of surface area and has a lot of different neighborhoods in which people can choose to live. In general, the area names are broken down geographically: Far North Dallas, North Dallas, Northeast Dallas, East Dallas, Southeast Dallas, West Dallas, Northwest Dallas, and Southwest Dallas. There are a few notable exceptions to that rule, however: Oak Cliff and the Park Cities. The most expensive areas are the Park Cities: Highland Park, University Park, Devonshire, Preston Hollow, Glen Abbey, Greenway Parks, Bluffview, and Preston Trail. Next in median home value comes North Dallas, with neighborhoods like Bent Tree, Lakewood, Northwood Hills/Valley View, Lakewood Heights, and Wilshire Heights. As you can see, Dallas has lots of neighborhoods from which to choose. Which one you decide to go with will depend on your budget and the amenities and conveniences that are the most important to you and your family, such as walkability, public parks, or school district. What Are the Safest Areas in Dallas? In order to get a sense of the safest areas in Dallas, it’s necessary also to consider what makes a city safe. For most people, this largely comes from the rate of crime in a given area. So, to make matters simple, we will look at the neighborhoods in Dallas with the lowest crime rate as an effective measure of what constitutes the safest areas. According to one source, the five safest areas to live in the greater Dallas area according to crime rate are the following: Bishop Arts District, Deep Ellum, Lake Highlands, Oak Lawn, and Preston Hollow. Deep Ellum, Oak Lawn, and Preston Hollow all have the distinction of being safer than 78 of cities in the state of Texas. That’s pretty high praise when it comes to safety. For those that place safety at a premium and are looking for family-safe areas, these neighborhoods would be a good place to start your new home search. What Are the Best Areas to Live in Dallas? Different groups will have their own opinion about the meaning of best. To some, the best neighborhood will have the highest quality schools. To others, the best neighborhoods have the most bars per capita. To still another group, the best neighborhood means everything is within walking distance. With that in mind, we will take a broad look at what the best areas are to live in Dallas, Texas. One organization has ratings for every city in the state of Dallas. According to their measure, Dallas has a wealth of great areas, some of which haven’t even been mentioned yet. By far some of the best neighborhoods to live in Dallas, though, are Preston Hollow, the Park Cities, Lakewood, and Uptown. All four have the benefit of being rated at an A+ overall grade for livability. They are fantastic for families, very safe, and offer great housing options for everyone. Other notable areas with low crime rates and a high livability factor include Highland Park and M Streets/Vickery Place. Search The Best Homes For Sale in Dallas To make sure that you find the best homes for sale in Dallas, you should let a team of experts at a Dallas real estate agency do the hard work for you. At Dallas Luxury Reality, we have access to the best Dallas real estate. Luxury homes in Dallas and new construction projects alike are just a click away. Take a look at our list of homes (and historical homes) for sale in Dallas below. Homes for Sale Highland Park Homes for Sale Lakewood Homes for Sale M Street Dallas Homes for Sale Park Cities Homes for Sale Preston Hollow University Park Homes for Sale Homes for Sale in Uptown Dallas Historic Homes for sale in Dallas If you’re ready to start the search for the home of your dreams in Dallas, Texas, let us help you at every step of the way. Get in touch with us at Dallas Luxury Realty today to get started. less

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dallasluxuryrealty |

5 years ago

dallasluxuryrealty

How Mortgage Rates Affect Home Buying in Dallas

Buying a home is a major decision. It requires significant resources, including time, energy, and, of course, financial investment. One of the key factors influencing this decision comes by way of mortgage rates. Mortgage rate is a percentage of interest that a bank offers a homebuyer for the loan needed to make their home purchase. These rates vary by state, city, county, and neighborhood. The Federal Reserve can send rates up in a hike or down in a decrease. For buying a home in Dallas, you will... more Buying a home is a major decision. It requires significant resources, including time, energy, and, of course, financial investment. One of the key factors influencing this decision comes by way of mortgage rates. Mortgage rate is a percentage of interest that a bank offers a homebuyer for the loan needed to make their home purchase. These rates vary by state, city, county, and neighborhood. The Federal Reserve can send rates up in a hike or down in a decrease. For buying a home in Dallas, you will want to know what mortgage rates currently are in this area, how much of a down payment you might need, as well as how property taxes are calculated here. What Is the Current Mortgage Rate in Dallas? Mortgage rates in Dallas vary depending on the area in which a house happens to be located. Another thing to keep in mind about mortgage rates is that they differ considerably and change over time. Depending on the type of mortgage you choose in Dallas, your rate will either stay the same over the course of the loan repayment or adjust depending on current rates. According to Bankrate, the current 30-year, fixed-rate interest percentage for a mortgage in the state of Texas is 4.05 (for Friday, April 5th). As mentioned, these can fluctuate considerably over time. Mortgage rates can even change as frequently as one day to the next. As a case in point, the 30-year, fixed Texas rate is up 0.01 from the previous day. The 15-year fixed mortgage rate in Texas is at 3.51, up 0.07 day over day. The 5/1 ARM (adjustable mortgage rate) is at 3.98, down 0.01 from the prior day. The 30-year fixed jumbo mortgage rate is 4.34, also down 0.01 day over day. Lastly, the 30-year fixed refinance rate in Texas is currently at 4.04, unchanged from the previous day. As you can see, determining what the mortgage rate is in Dallas for a specific area entails more difficulty than one simple number. In fact, mortgage rates in Dallas are a whole range of numbers. To make matters more complicated, your specific rate will depend on your credit score and a whole host of other factors, including how much of a down payment you are able to make upfront. How Much of a Down Payment is Required in Dallas? Ask anyone how much of a down payment they will need in Dallas, and you are likely to hear the same response repeated: 20. According to one source, a full 40 of the U.S. population believed this rate to be required. The truth, as you might imagine, entails a bit more complexity. Just as mortgage rates vary depending on a variety of factors — location, credit score, etc. — so do down payment requirements. In some instances, a down payment as low as 3.5 or 5 can get a family into a home. Even better, for veterans or active members of the military, a 0 down payment option is available (though other fees are involved). The point is that down payment percentages will vary just as much as mortgage rates. There is no single number that applies to every situation across the country, a particular state like Texas, or even a single city such as Dallas. All in all, the overall range for most homebuyers is between 3.5 on the low end and 20 at the top. That being said, to be sure of your mortgage down payment, you will, of course, want to consult with both a real estate agency and a bank. They will be able to provide both guidance and more specific cost breakdowns. How Do I Calculate My Mortgage Rate and Downpayment in Dallas? With technology, nearly everything becomes easier to manage, especially for mortgage rates and down payments. Dallas Luxury Realty provides an online mortgage calculator that allows you to punch in your purchasing and financing information to figure out all your mortgage payment information details. Any one of these numbers can be changed in Dallas Luxury Realty’s online mortgage calculator to determine what your specific rates and costs might be regarding homes for sale, condos for sale, or townhomes for sale in the Dallas area. Regardless of whether you need to put down 3.5, 20, or something in between, knowing all the facts and variables beforehand can make a world of difference. Consult with us for the best possible home buying experience in Dallas less

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5 years ago

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4 Reasons You Need a Property Manager to Rent Out Your House

Renting out a house can be a solid investment with long-term benefits. Unfortunately, most property owners don’t consider the massive responsibilities that come along with renting out a house. Houses alone have a long list of chores to keep up with, and constantly handling tenants and vacancies just make the task more difficult. Property management companies, like Dallas Luxury Realty, can completely change how you handle your rental house and make the investment feel worth it again. Here are 4... more Renting out a house can be a solid investment with long-term benefits. Unfortunately, most property owners don’t consider the massive responsibilities that come along with renting out a house. Houses alone have a long list of chores to keep up with, and constantly handling tenants and vacancies just make the task more difficult. Property management companies, like Dallas Luxury Realty, can completely change how you handle your rental house and make the investment feel worth it again. Here are 4 important reasons you should consider a property management company to rent your house: 1. We Take Care of Constant House Repairs If you own a house, you know just how much work goes into it compared to an apartment. The front, back, or side yard alone takes constant maintenance, not including larger projects after a drought or freeze. Plus, it can be a hassle to handle the upkeep of air conditioners and filters, sink disposals, new floors, lights, outlets and more-- and you’ll likely never know if any of these have problems until they need immediate repairs. With a property manager, however, the frantic calls of a clogged toilet are taken care of without waking you up in the middle of the night. Plus, since management companies work with multiple properties, we have the resources to employ our personal repair staff-- meaning that your tenants won’t have to wait a week for a plumber to show up. 2. Shorter Vacancies Means Higher Profit The single highest cost in renting a home is having it sit empty. If you have to wait for months between tenants, your profits are wasted on marketing the vacancy and maintaining an empty house. A huge benefit of a property management company is that we know how to market in a big city like Dallas, TX. With our available channels, we can market, advertise, and fill vacancies in a much shorter span-- ensuring that your house is making a profit rather than losing it. 3. We Understand The Real Estate Market If the real estate market were easy to predict, everyone would be buying, selling, and flipping houses. The fact of the matter is that it takes years of experience to even begin to understand, especially if you’re trying to do it alone. We have a team of real estate experts with decades of combined experience, meaning that we always have our fingers on the pulse of the Dallas housing market. It’s impossible to know the future, but we do know when and how to adjust to meet demand. Whether it’s a new marketing tactic, touting the snazzy new restaurant a few blocks away, or changing rent to maximize profits, you can trust that Dallas Luxury Realty has the experience to keep the profit rolling in. 4. You Won't Have to Deal With It What is a property management company responsible? The short answer is that we take care of pretty much everything you don’t want to handle. At first, most property owners tend to focus on the investment of renting a property, how much revenue it will accrue, the benefits of passive income, and so on. What they may not think about are the administrative tasks like site inspections, home tours, background checks, collecting rent, routine maintenance, insurance, advertising, and much more. We all know that time is money. By hiring a local property management company that knows Dallas well, you could save countless hours and ultimately end up with much more income on your hands. Some owners may try to handle it all on their own to save a few bucks, but a flat fee starting at $75 per month is well worth getting your life back. Give Us A Call Still not convinced? Read more about how we handle property management in Dallas or search through our other rentals to see what kind of properties we’re already managing. Feel free to contact us for more information or to get started with the best property managers in Dallas. less

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4 Reasons You Need a Property Manager to Rent Out Your House

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