There are several types of Houston homes to buy. They all have their benefits and drawbacks. Before making a decision, think about your desires, what exactly do you want from the house? Is it solely an investment, or do you plan on living there for some time? Maybe you’re asking yourself “can I sell my house Houston?” Or maybe you are looking to sell your home and buy a bigger home but still in the city of Houston.
To help you decide, we have researched homes in the city and on the housing market in general.
How to Find the Best Kinds of Houston Homes to Buy
Though Houston’s “average” home has increased in value, there have been neighborhoods & individual homes that have beaten the market by 500% or more. Houses close to major job centers and high-quality schools fare better.
In almost every real estate market in Houston, Texas, high-quality homes sell. Homes with drawbacks stay on the market for longer or go at higher discounts. With virtually every asset class, including Houston Cottage Oak real estate, we saw a flight to quality in the wake of the 2007/2008 financial crisis.
The following are correlated with homes that sell at greater discounts:
- Proximity to Railways
- Nearness to Highways
- Floor Plan: Homes designed with a mediocre floor plan seem to sell more slowly or at greater discounts.
- Construction Efficiency is linked to faster home sales.
Best Homes to Buy in Houston
Houston House single-family
The most popular property and also the most solid investment in Houston are single-family homes. Such homes are free-standing (meaning that their neighbors do not share a wall with them) and sit on their own lot. Single-family homes, therefore, offer a lot of privacy, though this comes at a price.
Houston Townhome / The Townhouse in Houston
This unit is a type of single-family home, the difference is its connection, by shared walls to its neighbors. These units have less privacy than a detached home for a single-family and have separate indoor and outdoor rooms. Such homes will cost less to purchase and sustain. Recently, Houston has seen a large uptick in townhomes because they are easy to manage, have become attractively priced for homeowners in Houston, and are easy to build for builders.
Patio Residences in Houston
Patio homes are single-family, free-standing homes on small lots. They are for people with dreams of being able to live without home and yard issues. Instead of the continuous row of homes popular with townhouses, Houston Texas patio homes are typically constructed with 2, 3, or 4 homes in each building.
Condominiums in Houston (Condos)
Condos are classified within a larger property as individually-owned housing units. In addition to the mutual stake in the general areas of the land, the possession of the house is dependent on the legal definition of the room that the unit currently occupies.
Condos typically have shared areas for both occupants and people favor them as vacation homes. Condominium association usually charge maintenance fees called “assessments”, to preserve, restore, or improve the house. High-rise apartment towers, townhouse complexes, person houses, and low-rise residential buildings may be condominiums.