Bloomberg News notes that “Millionaires See Real Estate as Top Investment for 2014.” Bloomberg quoted a Morgan Stanley survey that found that “about 77 percent of investors with at least $1 million in assets own real estate. Direct ownership of residential and commercial properties was the No. 1 alternative-investment pick for 2014, with a third of millionaires surveyed saying they plan to buy this year.”
Wealthy investors see real estate as a way to grow equity, diversify funds, and create passive income. But even if your main goal is to just find a great place to live, thinking like an investor when it comes to real estate can help you make smart decisions.
Location, Location, Location
It’s the oldest saying in the world when it comes to real estate, and it also happens to be the most important. Especially if you’re looking to buy land and build a custom home, location should be your top consideration.
Experts recommend making a list of your top considerations. Looking for a property close to work? How about close to where you play? Either way, buying land in Texas should be tops on your list—just as it is for those (TIME magazine, John Burns Real Estate Consulting, Forbes) all of whom know Texas is "America's future."
If you work in Dallas or Fort Worth and love the lake lifestyle, a community like SouthStar Communities’ Lake Ridge is worth looking at. Located between the two thriving areas but offering a resort lifestyle near Joe Pool Lake, Lake Ridge is a favorite DFW lake community.
If you’re an Aggie looking to move close to the university but without the hustle and bustle of College Station, SouthStar Communities’ King Oaks offers a location that is minutes from the events and activities at Texas A&M but with a uniquely private, quiet location.
If want proximity to Austin but with a Texas Hill Country lifestyle, SouthStar Communities’ Vintage Oaks is for you. The fastest-selling community in the Hill Country, Vintage Oaks offers large acreage, unmatched views, and resort-style amenities in a top Texas location.
Speaking of amenities, the right mix can also help the value of your property. The top Texas masterplans build amenities into the offering. At King Oaks, it’s Amenities including a neighborhood park and fishing pond, a 60-acre nature preserve with walking trails and a new Amenity Center with swimming pool, outdoor kitchen, walking trails, and, in the future, tennis courts, coming soon.
Lake Ridge offers a unique lake environment with all the water sports available on Joe Pool Lake plus golf at the highly rated Tangle Ridge Golf Course, six neighborhood parks including ball fields, playgrounds, trails, a stocked fishing pond, and a 3,000-square-foot amphitheater.
At Vintage Oaks, the amenities are strictly five-star, with a resort-style pool, lazy river, and Tuscan-style Amenities Center, plus ponds and picnic areas among the famed Hill Country’s natural beauty.