Quality of Life in Dallas>Question Details

Ld, Home Buyer in Dallas, TX

Does anyone have thoughts on the newer homes in the Little Forest Hills area of Dallas?

Asked by Ld, Dallas, TX Tue Mar 4, 2008

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Buying in an established area offers the stability of an established area. The reason you get a better deal in a more pioneer area is just that. No one has a crystal ball to be able to tell you what areas will escalsate when. You can pretty much guarantee that those areas surrounding the city like these areas will appreciate, just what is the timetable..Owning the most expensive real estate in a neighborhood could mean you need to wait for appreciation but those builders are building rapidly so I beleive the area will turn despite the plea of keeping it funky. Which is too bad in many respects. But like many areas of the city Lakewood, Briarwood, Devonshire, Highland Park, this will happen because the land is worth more than the hom. Of course I agree with Lynn that you should always have representation when dealing with a builder or even a FSBO because your intersts will be negotiated. I also offer some programs that will compensate you at closing. Hope to hear from you.
Web Reference: http://www.HouseHuntDFW.com
1 vote Thank Flag Link Tue Mar 4, 2008
Neat neighborhood with character and outstanding location. So far prices don't seem to have gone up as much as some of the area nearby named areas. I personally like it. Most of my clients though are either or. Either they want the older "funky" houses or they would only look at new construction. Typically they don't look at both.
Web Reference: http://www.teamlynn.com
1 vote Thank Flag Link Tue Mar 4, 2008
Bruce Lynn, Real Estate Pro in Coppell, TX
MVP'08
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Richard Lane has done a lot of building there that seems like a good idea. I think they are all 1 stories and he has some build to suits/. I get a lot requests for this type of new build by Baby Boomers, empty nesters and folks that just do not want stairs. He is one of the only builders in town pioneering that. Most builders add second stories for their profitability. Certainly there are 2 story new homes also. I lreally ike that area, quite charming up and coming prices are good and should show equity growth over the next few years. Villas of Ash Creek are building some beautiful townhomes that are considerably less than counterparts in uptown etc. I think the neighborhood is great. There are some inexpensive homes that can be torn down and you can select a builder. I have a working relationship with some great custom builders, including the preeminent green builder in the nation. Just give me a call to discuss the comparables, future plans and see what is on the market now. Kathy 214-809-2244
Web Reference: http://www.HouseHuntDFW.com
1 vote Thank Flag Link Tue Mar 4, 2008
Little Forest Hills is trying to become an overlay district, see my blog for more information on Overlay's. If you are looking to build something new now is the time to buy. You can get a lot in LFH for about 150K and right now they don't have to many restrictions. You WILL battle with neighbors to get the house done but it's a GREAT part of town and has a lot to offer.
0 votes Thank Flag Link Fri Mar 28, 2008
As you probably already know, Little Forest Hills is an interesting little area. There are so many houses there with character, that many residents have protested the new construction going on in the area. Just a drive through a couple of streets will show you that they want to "Keep Little Forest Hills Funky." So, the good news is you'll have neighbors who have pride in the neighborhood.

As the owner of a newer home in the area, you'll put yourself as the Boardwalk/Park Place property on the block. When it comes to resale, that can effect your value and time on the market. Just as you will bring up your neighbor's home value because your home is more expensive, they will bring down your value because they are less expensive.

In my opinion, that is a good area because the neighborhood right next to you has hew homes selling over $1Million. Also, in December of 2006, a real estate investment trust bought the Casa Linda shopping center and have plans to upgrade the center.

Please let me know if I can be of any more help.

Best regards,
Jennifer Lewis
214-283-2821
0 votes Thank Flag Link Tue Mar 4, 2008
We are thinking of buying in that area and have seen that there are some new homes (already built) that are much nicer than comparably priced homes in Lakewood or M-streets. However, I know this is clearly a different neighborhood/area and don't know if we will really be getting a good value buying a home there.
0 votes Thank Flag Link Tue Mar 4, 2008
As a professional realtor and code of ethics there are many issues we can not make a comment on. However you question is very "open" you need to eloborate more on what answer you are searching for. Anytime when there is new construction in any area is a GREAT for the property values go up with the new construction. Builders usually do allot of research prior to purchasing land, new construction and etc. HOWEVER YOU NEED TO BE REPRESENTED by a professional realtor on selling a home or new construction THEREFORE IF SOMETHING SHOULD COME UP you have a professional that can deal with those issues, who knows the loop holes and etc. All realtors for transactions have error & ommissions insurance to cover any issues if legal should be involved. We offer 2 GREAT services for home buyer called a Dallas home buyer rebate program earn $1000's at closing, and Seller flat fee MLS listing. If we can be of any further assistance contact our office.... OH BY THE WAY with new construction a realtor can research what other properties values are going for I have seen where builders WAY WAY OVER PRICE THEIR homes, then the buyer can't sell the home for the market value for the area is not there.
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Tue Mar 4, 2008
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