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We all know the first rule of real estate is location, location, location. If you are looking to purchase real estate in Flower Mound, TX, you’re set. Flower Mound, named for the 12.5 acre mound of wild flowers in the southern portion of the town, has been described as one of the safest communities in Texas. Just three miles north of the DFW airport, residents of Flower Mound have almost instant access to the major freeways of the Metroplex. Real estate in Flower Mound boasts an urban location nestled in a picturesque, master- planned community between Lake Grapevine and Lake Lewisville.
With a growth percentage close to 30% from 2000-2007, the town is flourishing. There are over 960 businesses and the area is home to both the Lakeside and Denton Creek Business Districts. Over $25 million in road and community improvements have been made as the town has grown.
The 2008 average home value was $285,500 with a range from $100k to $2 million overall. The median household income is $116,030. The Lewisville Independent School District, a district rated as ‘recognized’ by the Texas Education Agency, serves the majority of the city, with small portions of the town also served by Arlington and NorthWest ISDs.
When evaluating real estate in Flower Mound, take the following points under consideration:
1) Compare the home of your choice with other comparable homes in the neighborhood. Knowing the fair value of the home is an important consideration. A real estate agent can quickly supply you with this information.
2) Check the curb appeal of the home and the adjoining residences. Is the home up to par without greatly surpassing the surrounding homes?
3) Take a home tour and be sure to look beyond the surface. Find out, for example, the age and condition of the water heater and appliances. Ask if the home has zoned central air and the last time it has been serviced. Basically, perform your own preliminary inspection.
4) Note the current state of the home. Does it appear well-maintained? Check the foundation and walls for cracks or other signs of issues that may not have been addressed and could later cost you money in repairs.
5) Has the Flower Mound property you are considering been upgraded? Replaced heat and air units, updated appliances, custom touches, and lavish landscaping can add value plus save you time, stress, and additional costs by not having to complete these projects after the purchase.
6) Most importantly, does it feel like home? Each individual has preferences in the age, style, size, and amenities they want in a home. Meeting as many of these desires as possible within your budget should be the ultimate goal when purchasing your home.
When purchasing real estate, unforeseen circumstances can come into play. A licensed real estate agent can help you evaluate the property and determine if there are any potential issues, disputes, or other circumstances that could work for or against you. Taking all these points into consideration when evaluating the purchase of a home in Flower Mound will help to assure you get the most for your investment.
Jeff Brand is a Flower Mound TX based realtor and broker/owner of Jeff Brand & Associates, ReMax Signature Properties. Jeff and his team represent both buyers and sellers of real estate in Flower Mound, Lewisville, Ft. Worth, Highland Village and surrounding Dallas area luxury homes.
Jeff is a Listing Specialist and is a frequent conference speaker on the topic of North Texas real estate.
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