Strategies for today’s market – Texas Gulf Coast Online
The primary risk for a coastal investment is that highly improbable hurricane damage: Could Destroy the structure, Could remove beachfront, and Insurance could become cost prohibited.
These un-probable risks can be mitigated today by:
The metro housing market fundamentals for the large potential buyer pool for the Texas Coast is doing well and outperforming the rest of the nation. This includes Dallas, Houston, San Antonio and Austin.
New Rules for Buying a Home Before It’s Built
As the housing market has cooled, the developer’s mindset has changed. Rather than construct new developments quickly and wait for the buyers to flood in, more developers are relying on preconstruction sales to determine whether or not to break ground.
Here’s some advice for any buyer contemplating a preconstruction purchase: