A Dallas Urban Facelift to Benefit Homeowners
Downtown Dallas might be just about ready for a facelift—a move that could potentially benefit soon-to-be homeowners across the city.
According to the Dallas Morning News:
The plan, which has been in the works at City Hall for 18 months, met with consensus support and congratulations during a briefing Wednesday to the City Council.
“Think back about 10 years ago, when a lot of different things were being talked about as a vision,” said John Crawford, president of the business group Downtown Dallas, which partnered with City Hall to create the plan. “Today those things are a reality, and the Downtown Dallas 360 plan is really a roadmap to take us to the next level.”
[…] Its goals include creating streets that invite people to linger. The plan also focuses on fostering distinctive downtown districts, such as the Farmers Market area, the Arts District and the West End, while wrapping them together with convenient transportation options. […] The plan also includes developing a long-term parking strategy, creating housing for all income levels and adding retail to the city’s core.
Robust, multi-use central districts tend to benefit cities far beyond those specific areas, as they attract business development and make it easier to build more lively shopping and entertainment centers. Of course, what’s most interesting to us is the potential impact on local real estate opportunities. Whenever large amounts of public money get poured into the redevelopment of an area, private housing developments tend to follow, opening up enormous opportunities to move into town.
And, as we’ve mentioned in the past here at Texas Lending Today, urban living in places like Dallas provides a unique set of advantages for certain types of people.
If you’re looking to cut down on commuting time and costs, have easier access to downtown entertainment options, shrink your housing footprint, live in a tight-knit community, and never, ever have to take care of a backyard again—purchasing a condo or townhouse might be a smart move. Especially in the wake of the Dallas housing crisis, moving into town can be that chance to finally start anew that many folks need.
At Texas Lending, we’re eager to help potential Dallas homeowners find their perfect housing match—whether it’s a ranch on the outskirts of the Dallas-Ft. Worth Metroplex or overlooking Sundance Square.
Contact one of our Dallas home mortgage specialists for more information.