Real Estate Income

Secure your future with the help of real estate. Real estate has the potential to create multiple income streams. Rental properties, for example, offer a consistent monthly income. All you have to do at the end of the month is to collect. This is a hassle-free source of passive income.

Investing for the Future

Owning a home is a lifelong dream for many. Having your own property offers security for you and your family. You won’t have to pay a monthly bill to a landlord once you own a home. This is a secure way for you and your family to gain financial freedom. Make your life your own when you invest in real estate.

Stability in Assets

Real estate investments have stable growth. This is a stark contrast compared to stocks and bonds. With proper research, you can identify desirable locations that have the potential to appreciate significantly. You can rent your property out or sell it once it has appreciated in value. In real estate, you can reap twice as much as you’ve sown.

Investing in real estate is a daunting task made easy with the help of Mister Frisco. Secure a better future for you and your loved ones in this industry. Call us now, and we will help you carve a path toward financial growth.

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Ideal Budget

Before you start looking at homes, it’s essential to determine your budget. Considering your current income, savings, and other expenses, determine how much you can afford to spend on a home. You can work with a financial advisor, CPA, and lender to determine the best home loan options. Knowing your budget will help narrow your search and save time on properties out of your price range.

Finding Your Priorities

Everyone has different priorities when it comes to finding their dream home. Some people want a large backyard for their children or pets to play in, while others want a home close to their workplace or local amenities. Make a list of your most essential features, such as the number of bedrooms and bathrooms, the location, the type of neighborhood, and any specific amenities you’re looking for.

Researching Homes

Once you’ve identified your priorities, start doing your research. Look at real estate listings online and attend open houses to understand what’s available in your price range. Pay attention to the size and condition of the homes and any amenities that are important to you. You may also want to research the local schools, crime rates, and other factors impacting your quality of life in the area.

You can never go wrong with having a renowned realtor like Mister Frisco on your side. Let us help you in finding your ideal home. Contact us now and schedule a tour to find your dream home!

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Kitchens

When people move into a new home, one of the first upgrades they typically make is to the kitchen. Installing energy-efficient appliances, updating countertops, and replacing cabinet hardware can create an inviting and comfortable atmosphere for cooking and entertaining family and friends. Doing so can also increase the value of your home and save money in the long run with lower utility bills.

Baths

The next area of focus for upgrades is often the bathrooms. Replacing outdated fixtures and adding new tiles can quickly turn an ordinary bathroom into a luxurious retreat. Installing a low-flow showerhead, toilet, and sink faucet looks great and helps conserve water and reduce water bills.

Interiors & Exteriors

Upgrading the interior and exterior of a home is also very important. Installing new flooring, painting or wallpapering walls, replacing doors, and adding ceiling fans are all great ways to make a house feel like home. On the outside, people often add or replace siding and windows for increased energy efficiency and to improve the look of their home.

Security

Safety and security are also essential considerations when it comes to upgrades. For example, a home security system can provide peace of mind while protecting against burglaries or other intrusions. Installing smoke alarms and carbon monoxide detectors is another way to promote safety in a new home.

Landscaping

Finally, upgrades to the landscaping and lawn often add a great deal of visual appeal to a property. Adding trees, shrubs, flowers, and other plants can make an outdoor area look inviting while increasing privacy and improving air quality. Installing an irrigation system helps maintain healthy grass and plants with minimal effort.

Truly Yours

By strategically upgrading a home’s interior and exterior, people can turn an ordinary house into a comfortable, attractive, and secure place to live. Whether it’s making improvements to the kitchen or bathroom, upgrading flooring or doors, installing safety devices, or landscaping the lawn – these are just some of the first upgrades people typically make when moving into a new home.

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Spruce Up

First, take some time to spruce up the exterior of your home. Plant colorful flowers or repair broken shutters and deck railings that have been neglected over the winter. Doing so will help to create a warm and welcoming atmosphere for your guests before they even step inside.

Fun & Games

Second, plan some fun activities to entertain your guests at your party. Consider setting up a games area with corn hole, ladder golf, or other outdoor games. Social games will keep everyone engaged and having a good time.

Atmosphere

Third, create an inviting atmosphere with decorations and lighting. Add festive banners and hang string lights around your porch or patio for a cheerful ambiance. You can also decorate the inside of your home with potted plants and streamers to give it a lively feel.

Food & Drinks

Fourth, have plenty of snacks and drinks ready to go. Ensure you stock up on food, beverages, and supplies before your guests arrive so you won’t have to make a last-minute run to the store.

Enjoy!

Finally, remember to enjoy yourself! Hosting a party can be stressful, but taking a few moments to relax and be present is important. You’ll want to savor all of the joyous memories being made with your loved ones! Following these tips will help you create a memorable spring party that everyone will enjoy. Happy hosting!

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Listings vs. Median Price Past & Present

Sometimes the best way to appreciate the present is by looking at the past. For example, before the late real estate boom of 2018, in January 2018, active listings were 49,395 with a median price of $212,000. Fast forward to January 2023, and we see active listings at 52,715 with a median price of $275,000. With all the ups and downs over five years, it’s exciting to see median home prices increase by nearly 30%.

Historic Months of Inventory vs. List Median Price

Remember in the previous chart; we showed how six months of inventory is a balanced market, under six months is a seller’s market, and over six months is a buyer’s market? Here we see how, before the boom after 2018 (Jan 2018), it was clearly a seller’s market with five months of inventory available and a median list price of $239,900. Jump ahead to January of 2023, and we see a sustained five months of inventory but a bump in the median list price to $299,00. That’s almost a 25% increase in the median list price over five years. Also, as expected, fewer months of inventory on the market command a higher list median price, as seen in February through May of 2022, where two months of inventory spiked prices into the $350,000 range.

Inventory on the Market vs. Close Median Price

Considering the natural balance between supply and demand, the lower the inventory, the higher the close median price. Consider January 2018, which had five months of inventory and a close median price of $215,000. As inventory declined through July 2018, you can see the close median price increase to $242,000 – a 12.6% increase. However, we don’t see a corresponding decrease to 2018 prices once inventory returns to a 5-months level. Instead, in January 2023, the last time there were five months of inventory available, the close median price was $279,000 – a retained increase of 29.7%. Other price pressures are at work, favoring the seller.

Historic Count of Active Listings vs. Days on the Market

If you’re looking for solace in real estate trends, compare the numbers from Jan 2018 to Jan 2023. In January 2018, there were around 50,000 listings on the market lasting about 35 days. Looking at January 2023, we see active listings approaching 60,000, staying closer to 45 days on the market. So looking at the five years between January 2018 and January 2023, you see an almost inverse relationship between the number of active listings and the number of days on the market. 

It’s clear that with short inventory, the days on the market are much lower in July 2021, with 37,642 homes in inventory spending eight days on the market vs. July 2018, 60,668, 21 days. Of course, the inventory is still shorter, but the market is unique.

Active Listings vs. Close Price To Original Price Ratio

In January 2018, there were 49,395 properties listed for sale, and transactions closed at an average of 97% of the original listing price. Fast forward to January 2022, when there were only 31,029 homes on the market, and transactions closed at 100% of the original listing price. This data suggests buyers are more likely to pay closer to the listing price as inventory becomes more scarce. 

Historic months of Inventory on the Market vs. Closed Median Price

Returning to January 2018, we see historic months of inventory hovering around a little over four-and-a-half months. Here, the corresponding closed median price rested around $275,000. You see a price drop when there’s a sudden gain in inventory. Jump to January 2023, and you will see the reverse happening. As inventory begins to dip from a near peak of just over five-and-a-quarter months of inventory at the end of 2022, prices similarly spike during the same period, finishing January of 2023 at $300,000. Remember, however, that the bump in price is because of the low inventory on the market during 2021-22.

Although factors like interest rates, lifestyle features, and commutability all play a part in a local real estate market, it is still difficult to escape the law of supply and demand. If people want something, they will find a way to get it. However, that doesn’t mean your search for a new home has to be challenging. Contact Mister Frisco, Viktor Taushanov, when you’re ready to find your dream home.

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Factors

This can be quite an exciting prospect! However, there are many factors to consider when making such a move. Will the new city have the amenities you need? Are there sufficient job opportunities to sustain your new life? Will the new home be a good fit for you and your family?

Prospects

It’s never an easy decision to make, so it’s important to weigh all of your options. Perhaps the new city offers some new activities that could help you to grow and develop new skills. On the other hand, it may be worth staying put if you’re comfortable with your current environment.

Options

It helps to list the pros and cons when making such a big decision. You can look at the new city regarding quality of life, housing costs, recreation, public transportation, and safety. You can also consider the new home’s size, layout, and proximity to your workplace or other nearby amenities.

Adventure

It’s important to weigh these factors before making a final decision. Moving into a new home in a new city is an exciting new adventure, but ensuring it’s the right fit for your lifestyle is important. So, is this the year you take the plunge and move into a new home? Only you can decide!

Find the help you need to take the plunge into a new home. Contact Mister Frisco, Viktor Taushanov, at Globus Realty to find the home you’re looking for.

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Tasty Options

According to a Community Impact article by Colby Farr, “A new pizzeria offering carryout and delivery only is now open at Frisco’s Kitchen United Mix, located at 9506 SH 121. Grimaldi’s Pizzeria To-Go serves salads, pizzas, calzones, and desserts from its new location. Customers can place an order for carryout or delivery via the pizzeria’s app or website or via Kitchen United’s website.”

Strong Following

The article continues, “After successfully operating 18 Grimaldi’s Pizzeria full-service locations in Texas, we are thrilled to expand with a to-go and delivery concept inside of Kitchen United Mix,” Grimaldi’s Pizzeria CEO Joseph Ciolli said in a statement. “We have been looking forward to bringing a convenient to-go dining experience and our signature Grimaldi’s offerings to the Frisco community.”

Finishing Strong

The Farr article concludes, “Kitchen United Mix operates as a ghost kitchen hosting several restaurants that serve food for carryout or delivery. www.grimaldispizzeria.com”

Nothing starts a new life properly, like finding the perfect home. Let Mister Frisco, Viktor Taushanov demonstrate how the right realtor can make your house hunting dreams come true. Moving to Frisco has plenty of perks, like delivery from Grimaldi’s Pizzeria. So don’t miss out.

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Comerica Bank

According to the article, new construction will begin in late 2022 and open in late 2023 or early 2024. According to the article, “This represents a significant investment in Comerica’s strategic vision,” said Megan Crespi, executive vice president and chief enterprise technology and operations services officer, in an official statement. “Expanding our corporate headquarters footprint to one of the most desirable locations for business and innovation in the U.S. is positioning our bank for future success.”

Why Frisco?

Mignorance continues, “Frisco is known for cultivating an exceptional environment for businesses to thrive,” said Brian Foley, Comerica’s Texas market president. “The hub’s on-site amenities and prominent location will help to support our company’s vision for future growth, including our ability to attract and retain top talent.”

Growing Opportunities

The article concludes, “Comerica will also come with job opportunities for the area. The new building is expected to house about 300 workers from various teams, including technology and product management, to front-line business units. It will feature learning and interview centers at the new Human Resources office. In addition, the company hopes The Star’s mixed-use campus will provide colleagues with entertainment, sports, retail, residential and educational opportunities to enhance workers’ experience and help attract new talent.”

Comerica Bank is another jewel in Frisco’s crown, so contact Globus Realty and Mister Frisco to find your ideal Frisco home. Don’t miss your opportunity to find the lifestyle you deserve.

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Innovation and Incubation Hub

According to the article, “The retail division of the Tokyo-based business solutions giant plans to open a new innovation and incubation hub at Frisco’s Hall Park development. Toshiba will bring 50 new jobs to the region in 2022, with plans to expand its local team to around 150 over the next two years.” Additionally, “We’re focused on providing scalable, customer-centric solutions that deliver optimized experiences to meet consumers when, where, and how they shop,” said Rance Poehler, president and CEO at Toshiba Global Commerce Solutions, in a statement. “While many tech companies are cutting back, we’re investing significantly and expanding to meet new demand created by our commerce platform recognized for accelerating digital transformation to deliver an exceptional retail experience.”

Texas Talent for Toshiba

According to the Cummings article, “Toshiba cited North Texas’ tech talent pool as a reason for locating the hub in Frisco. “Part of our strategy includes engaging emerging startups in the region to expand our ecosystem,” said Mike Yeung, EVP and CTO of Toshiba’s retail division, in a statement. “Our investments in IoT, data analytics, and computer vision enable retailers to provide a consistent, compelling experience for consumers, whether they shop in-store, at curbside, on their mobile device, or at home.”

Hall Park in Frisco

The article concludes, “Toshiba’s move adds to what is already Frisco’s largest workforce site, with more than 10,000 workers employed at Hall Park. Last October, Dallas developer Hall Group launched a $7 billion redevelopment of Hall Park that will add more than 9 million square feet of mixed-use space to the development. “Toshiba’s research and development expansion will bring new corporate innovation jobs that will provide great opportunities for Frisco residents and further expand our tech ecosystem,” Frisco Mayor Jeff Cheney said in a statement.”

A fantastic location and a large talent pool are only a few reasons Toshiba comes to Frisco. Find your Frisco home with help from Globus Realty today!

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Commercial Development

Commercial development drives Frisco home values. According to the article, “About 75% of Frisco is built out or claimed at this point, Frisco’s Development Services Director John Lettelleir said. That includes projects in the northern part of the city, such as the Professional Golfers Association of America headquarters development, the Fields community, and the Firefly Park mixed-use project…This section is one of the final frontier areas in the growing city of Frisco. About 20 years ago, Frisco was about 40% built out, Lettelleir said. City planners are now looking at how to best develop its last remaining portions of land, with about 9,000 acres to explore, according to a report from the development services department.”

Lasting Home Values

Growth is driving demand. Jaimes adds, “The development is translating to higher home values, Dowdy said, especially as the city adds to the services that make it attractive to residents. In the last five years, the median sales price of a home in Frisco has increased more than 72%, according to data from the Collin County Association of Realtors. In May, the median home price in Frisco was $725,000, but Dowdy said that could change. ‘Indications have told us that we’re going to see a slowdown a little bit, maybe a value adjustment, but it’s still going to continue to [rise in] value,’ Dowdy said.”

Frisco ISD

Families move to Frisco because of the schools. But, Jaimes concludes, “The types of people who want to move to Frisco vary, she said. But the main driver bringing people to Frisco is the school system, Dowdy said. Many families moving in for the school district seek out older Frisco neighborhoods where it is still possible to find homes under $500,000, she said. Frisco ISD is still experiencing the effects of being part of a rapidly growing city. While the district has slowed its growth from where it was six or seven years ago, it is still adding students each year, FISD Deputy Superintendent Todd Fouche said. The school district serves about 66,000 students across 73 campuses. And more campuses are needed, Fouche said.”

Discover why people move to Frisco for yourself. Find your place in Frisco with Mister Frisco and Globus Realty. Viktor Taushanov can show you how.

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