Living in the city of Richardson, I AM a bit partial. This city has some amazing benefits. One of these as Bruce mentioned, is the fact that Richardson is for the most part built up and locked in, yet located within easy access to all parts of the Metroplex. The City has a very diverse workforce as well as one of the highest rated school districts in the State of Texas. There is a mass transit system and a strong police force.
For homebuyers looking to Richardson, the city is now offering a nice incentive to rehab homes. When an owner applies for, is accepted and agrees to spend over $20,000. in property improvements, the city will reimburse them ten times the increase in taxation from the previous assessment as a result of the improvement.

Thu May 8 2008, 10:34

Hi John.
I have to agree with Bruce's questions... It all depends on your exit strategies. Are you open to other areas? (There are better areas). Are you looking to flip or for cashflow? I'll be happy to help in any way julio@investtex.com

Thu Oct 11 2007, 19:07

Thanks for you interest. Those cities are pretty far apart, so I wonder why specifically those two? Also to me they are completely different cities almost 1 hour apart by driving distance. Will you live in the house or rent it out? With all else being equal I'd think your chance for appreciation is slightly better in Richardson than Burleson. This due to Richardson being built out for the most part and some rapidly increasing values on the borders of Richardson. Burleson is on the outskirts of town and therefore still a lot of new construction in the area and probably a decent amount of foreclosures. This will likely keep prices and appreciation low in this area for some time to come. If you can let me know a little more information we can try to point you in the right direction.

Tue Oct 9 2007, 13:17