The Water Oak Estates subdivision of the City of Lewisville, Texas was developed in the 1990's and remains one of the most desirable places to live in the area. All phases of this subdivision are filled with very attractive homes, and excellently maintained lawns and landscapes. With the convenience of the completed expansion of FM 3040, it is easy to see why this remains one of the "hottest" neighborhoods around! In 2007, while all the popular media hype was going on about how bad the real estate market was, the homes that sold in Water Oak Estates were on the market for an average of just 34 days (from listing date to closing date). That is remarkable, regardless of the market. Not only that, but the homes in this subdivision sold for an average of 98% of the list price. The convenient location plays a significant role, and this subdivision is filled with very attractive and stylish homes at an affordable price, especially when compared to neighboring Flower Mound, Highland Village, and Coppell. With interest rates as they are (and continuing to fall), this is really a great time to buy a home. There are some great ones currently available in Water Oak Estates, but be forewarned: they probably won't stay on the market long! For those who are currently renting/leasing, the three main factors that you need to take into consideration when deciding to buy or rent are monthly expenses, rate of the property's appreciation, and length of term that you plan on staying in that home. First, realistically choose an option that you could rent, and an option that you could buy. Then, sit down and list the expenses you will have for renting. Do the same for buying so that you can compare them objectively. Next, find the appreciation rate of your desired home to try and determine what the home's value will be in the future. This will help you see how your money is truly being invested. And the last major factor that only you can determine is how long you plan on staying in that residence. Six months? Six years? 40 years? The longer you desire to hold a home, the less appreciation you need in order to beat renting. If you are interested in more details on home values in this area, click on Water Oak Home Values for great information free and without obligation! For other great information on home buying or home selling, please visit My Texas Dream Homes. Candi Munguia (Munguia Group Properties) is a full service, full time Realtor with Keller Williams Realty, Flower Mound, Texas. For more information and client testimonials, please visit CandiMunguia.com. Bringing Texas-Sized Smiles To Go With Your Texas-Sized Dreams! Source: www.articlesbase.com
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