Getting your foot onto the property ladder is one of the soundest investments that you can make. Not only will you have a place to call your own, but you’ll also benefit from mortgage interest tax deduction, and you’ll be able to build equity whilst making use of a tangible asset.
To make the most of your investment, you’ll need to focus on the location of your property. However, deciding where to start to purchase your first home can be a tricky dilemma. The real estate market in Houston is undoubtedly thriving, with this last year bringing in some record figures. To help narrow down your options, we’ve compiled a list of five reasons why you should purchase a property in Houston.
It’s On Track to Become the Third Largest City
Trailing behind the city of Chicago, Houston currently has a population of 2.32 million inhabitants, a number that is only expected to rise in future years. Research suggests that the population of this Texas city will surpass that of Chicago by 2025, therefore it’s a great time to get into the real estate market.
There’s Plenty of Homes to Choose From
The high population means there will always be a high demand for housing in Houston, however, it also means that there are plenty of diverse neighbourhoods to choose from. There are plenty of homes for sale in Houston, so whether you’re looking for a house in the suburbs or an apartment in midtown, you’ll have inventory to choose from.
Houston Has a Thriving High-Tech Industry
If you’re looking to make a move based on career opportunities, you should be aware of Houston’s booming high-tech scene. Of course, the city is still an important oil and energy hub, however, the job market is expanding as sectors like aerospace, biotechnology, and information technology are all receiving large capital investments.
It’s Not Too Far From The Beach
If you’re a beach lover, you’ll enjoy how easy it is to get to the beach from Houston. Surfside Beach, Stewart BEach, and Sylvan Beach Park, are all incredibly close to the city, meaning you can leave the bustling streets in favour of more tranquil shores in only an hour. Pack up a picnic, take the evening off, and go spend some quality time at the beach.
You’ll Have Access to High Quality Healthcare
The healthcare in Houston is unmatched and, here, you’ll have access to internationally renowned institutions such as the Texas Medical Centre. This complex collection of health institutions includes two medical schools, four nursing programs, and 13 hospitals. Not to mention, the TMC performs more heart surgeries than any other hospital in the country.
Once you find a property that you’re happy with, don’t hesitate to reach out to a real estate agent and make an offer. The property market has picked up speed in recent years and homes no longer sit on the markets for months on end (especially not the good ones). Show the buyer that you’re serious and make a worthy offer for the home.