Home Buying in Wylie>Question Details

Julie, Home Buyer in Dallas, TX

I am very interested in a house located in the Creekside Estates subdivision in Wylie. At the entrance of

Asked by Julie, Dallas, TX Mon May 19, 2008

subdivision, a skilled living center is being built. How will this affect the resale value of the nearby properties? How is the resale value of properties in this subdivision?

Help the community by answering this question:


The skilled living center that is being built should not affect the property values in Creekside Estates (or Sage Creek, Maxwell Creek, or any of the other surrounding neighborhoods). As you may have noticed, there is a well-maintained mobile home community near this area which doesn't affect the neighborhood values either. Currently the Creekside Estates neighborhood is still building strong (the entire neighborhood is Ryland Homes). Residents there can enjoy the 36 acres of parks, hike/bike trails, and community pool.

If you are planning to purchase a new home in that neighborhood, you will be looking at lots on the far end of the neighborhood from McCreary Road, which is where the skilled living center will be located. The living center has taken measures to ensure that their building blends well with the surrounding areas.

As a buyer, it is in your best interest to hire a Realtor to work on your behalf. There is no cost to you as a buyer for these services, and most realtors can help you with pre-owned homes as well as new construction homes.

I hope this answers your questions, but if you need anything else please feel free to contact me anytime.

Melissa Hailey
Coldwell Banker Jane Henry Realtors
0 votes Thank Flag Link Mon May 19, 2008

It shouldn't negatively affect it at all unless it changes the zoning of the area. The zoning is what's important. If it's a well maintained area, it will be fine. If it's not maintained well, it'll obviously drive property values down. Wylie is a small community and typically these centers are put near a place where people will live who need to be by their parents or loved ones, but they can not care for them in the home. You probably don't want a lot that backs right up to it.

Terri Hayley
0 votes Thank Flag Link Mon May 19, 2008
I believe I answered that question in your previouse post, however based on the location of where the house is located if it backs up to the property that resale value will be effected other than that no impact. Wylie is a small city, like many others property values are not effect. Drive to Coppell see the relationship of homes close to a business or senior center, Coppell homes for sale has increased in value of approx. $20 to $30 sq. ft over the past year.
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Mon May 19, 2008
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