Galveston County new homes are going on the market at prices that might seem a little confusing to those not familiar with the area. There are a lot of factors that influence the property prices in this area, and some of these are surprising. You will find that after a careful consideration of property values in the area this area is one of the best new places to live in the USA.
The main reason that property prices here are the way they are at the moment is that all of the houses in this county are extremely high quality, and were built to withstand the hurricanes which now seldom ever make landfall. You won't find cardboard box houses or prefabricated homes, because virtually none of these were ever built here. New homes uphold the original design and architectural principles, and this can make the prices of new homes a little higher than you would expect.
However, when compared with the average price of a new home per state, or across the whole country, you find that this area is a largely undervalued property market. Houses in this area are for the most part rather large for their price range, and their proximity to the beach is something that a lot of property evaluators seem to have under-adjusted for.
The Galveston County new homes market is definitely bustling at the moment, although sales have dipped in the last few months in reaction to new sub-prime lending legislation. However, there are still a lot of brand new developments coming up that will have a lot of investment options in the $80,000 - $250,000 range. Most of these are new beach side developments, and will definitely make an excellent long term property investment. Most people don't seem to realize how fast beach front real estate is being bought up these days!
The benefit of moving here is that you get access to the best schools in Galveston County. Two of the area's finest schools, Crenshaw Elementary and Middle School and Ball High School are located in the center of the island, so everyone's child has a chance of attending these schools. You can also have closer access to some of the best beaches, while not having to travel too far to get to the mainland. All it takes is a quick drive over the Route 45 Bridge, which only takes a few minutes.
Galveston Island is quickly becoming recognized as one of the best new places to live in Texas. The low prices of some of the smaller properties make these the ideal "fixer upper" homes for first time or low end buyers. Because these houses are made of sturdier stuff than the homes you'll find on the mainland, they tend to be a little more laborious to maintain. On the plus side they will cost you far less in the long run to keep in good shape.
If you are more interested in Galveston County new homes then you might end up paying a little more than you think is right - but the prices will still be far lower than a home of equal stature just about anywhere else! The new complex and condominium developments that are going up on and near the beach front are attracting some buyer attention, but the prices are still low enough for them to be an excellent property investment for a first time buyer or a more experienced investor. Whether you are looking to buy to live in your home or to rent it out, one of these homes is definitely worth taking a look at.
On a broader scale property prices in and around Houston have seen a slight decline in the last few months since May 2007. This decline is nearly negligible in light of the massive drops in property prices across the country. The stability of the property market here makes this a market to keep an eye on in the next few years. If you have some spare cash to invest, it would definitely be worth your while putting it into one of the Galveston County new homes.
