What is the property value for that area? Price per sq. foot? Potential?
Is owning a townhome in that area valuable?
Are 2 bed rooms and a second living room any less valuable than 3 bedrooms these days?
What would a 2000 sq. foot townhome in that area rent for?
Thanks
Chris,
I've lived in Coppell, currently own two rental properties in Coppell, and currently office in the Valley Ranch/Las Colinas area. The price per square foot will definitely depend on the exact area you're in, however, expect it to be over $100/sq. ft. There is no way to predict potential appreciation, however, the Coppell ISD area values have held up very well these past couple of years, some of the areas in Las Colinas, not so well.
Townhome sales have been much slower than single family detached in the areas you've mentioned. Several builders have started townhome developements (Ryland, Carmel, Avery Edwards, Positano, City Homes, etc.) and sales have been much, much slower. Depending on the exact area, but in the vast majority of cases, 3 bedrooms will have a better resale than a 2 bedroom unit.
Concerning townhome rental rates, again it will depend on the exact location within the areas you have listed. Rental rates will range from $0.80/sq. ft. to $1.10/sq. ft..
If you would like more specific information, please feel free to contact me at 972-402-4124.
Chris,
Your question is very broad and really would depend on the exact area for actual price per square foot and as far as potential any Realtor is not allowed to speculate. The area is very central which is always a plus.
Townhomes are a big winner in the area mainly due to the amount of younger professionals who work in the area.
3 Bedrooms are typically more desirable when it comes to a single family home, on a town home it could be a toss up especially if there is another living space or if the living area was set up for entertaining.
As far as price on rent for that size i would say anywhere from 1700 to 2000 and beyond depending on the amenities the property provides.
If you would like to talk about specific areas or ask any questions please dont hesitate to call.
As an added bonus my lack of large name broker allows me to rebate you 20% of the commission I make off your purchase.
Good luck in your home search
RJ
214-682-0598
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