Houston, TX is earning high praise for its leadership in building new homes. In SmartAsset’s report “Where the Most New Construction Homes Are Being Added – 2024 Study,” the Houston Metro Area clinched the no. 1 position out of 153 cities in the country. Houston sold over 1700 new construction homes in March 2024 alone!
Of course, numbers only tell part of the story – even for people who are considering investing in a new construction home. Before you decide whether to purchase one of these new properties to use as an investment or live in yourself, it’s wise to examine the whole picture. So, without further ado, let’s have a look at the top five reasons it makes sense to invest in a new construction home in Houston.
Strong Economy & Job Market
Houston has a strong, diverse economy, particularly in sectors like energy, health care, and manufacturing. There are several Fortune 500 companies that make their homes in Houston, including Phillips 66, Sysco, ConocoPhillips, and Plains All American Pipeline. Because of the strong economy, the area’s job market is also sturdy. You’re likely to be able to settle in Houston safely or rent out your investment home consistently.
Booming Housing Market With High Rental Demand
Since the area has a strong economy and many jobs, the demand for real estate has increased, which makes for a very tight housing market. Of course, not all people want to own property, but they still have to live somewhere if they work in Houston! That makes for a strong rental market if you’re looking to build an investment property.
Diverse Communities in a Great Place to Live
The City of Houston officially recognizes 88 different neighborhoods. Each has its own character. For example, Westchase is the home of many companies involved in the oil and gas industry, such as Chevron and Phillips 66. Montrose is known for its art scene, food scene, and nightlife. As a whole, the city offers an exceptional quality of life and amenities, including many parks and green spaces, great food, and lively entertainment. It’s also only a short drive from the beach! All of this helps keep the housing market booming and makes it more likely that property owners and investors will see a good return on their investments.
Affordable Development Costs
While Houston is a hot real estate market, building there comes with a relatively affordable price tag, especially when compared with other major cities. There are reasonable development and regulatory costs. The local building economy has sufficient scale to keep costs down, and there aren’t many natural features that could limit growth throughout Greater Houston.
All the Benefits of Custom Home Building
Having a custom home built in the Houston area comes with the standard advantages of building a home rather than purchasing an existing one. You will be able to use modern materials and fixtures, which tend to be more energy efficient. There are no potential hidden issues to worry about since everything is brand-new. You will be able to customize every single part and piece of the new home, whether you’re building to your own tastes or hoping to attract renters. As long as you take proper care of the home, you’re likely to see a great return on investment.
Build Your Dream Home in Houston With Davis Custom Homes
As you can plainly see, there are plenty of good reasons to build a new home in Greater Houston. And if you’re going to build, it pays to pick an experienced home builder who puts quality first, like Davis Custom Homes.
Davis Custom Homes is a full-service home builder serving Iowa; Nebraska; Sioux Falls, SD; and of course, Houston, TX. We are fully licensed and certified. We work directly with all our clients throughout the construction process, from finding the right plot of land to putting the final finishing touches onto a home. We are locally and family owned, and we always get to know our clients on a personal level to better deliver the homes of their dreams. As a trusted spec home builder, we specialize in both traditional home builds and custom barndominiums.
Contact us today to schedule a consultation, and let’s start building your dream home!