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The spread of COVID-19 has had massive impacts on all of our lives. From getting groceries to paying rent, everything is a little bit harder right now, and many are struggling to make ends meet. One question on many people’s minds is how the pandemic will affect the real estate market.

Luckily for Texas residents, the real estate market hasn’t slowed down too much due to the virus. Now that businesses are reopening in Texas and other parts of the county, the normal way of doing things, like touring tracts of land and holding open houses, is starting up again. The process may be a bit different, but real estate is still an incredible investment opportunity.

Real Estate Investment Still Makes Sense

While there is a considerable amount of uncertainty and volatility in the real estate market because of the pandemic, the overall trend in real estate has historically always been towards higher allocations and investments in real estate.

Real estate allows individuals to invest in their future with a high probability of good risk-adjusted returns. Real estate is less correlated to other asset classes, meaning it represents an excellent way to diversify your financial portfolio.

While the value of many assets is closely tied to the overall performance of the economy, real estate is a safe investment during times of volatility in the commodities and equities markets, especially now, and over the medium to long term, experts expect to see a continued flow of capital into real estate.

Long-Term Trends Accelerated by COVID-19

There have been a number of trends in the real estate market that have been accelerated by the novel coronavirus pandemic, and experts expect these trends to continue after the pandemic has ended:

Rising Capital Allocations — Real estate is increasingly seen as a “flight to safety” compared to other asset classes.
Urbanization — The pandemic is likely to influence future urban design.
Technology — Work-from-home technology is likely to influence how business is conducted long after the pandemic ends.

Sustainability — As we return to normal post-pandemic, it’s likely that there will be a renewed focus on sustainability and climate responsibility in the real estate sector.

With a Variety of Properties for Sale, We’re Confident We Can Find the Ideal Lot for You.

Once the pandemic is over, there’s no doubt that all of us will be in the midst of adapting to a “new normal”. New trends have already begun to take hold, and governments, businesses, and communities have all faced adjustments. Still, there will be consequences to this pandemic which we have no way of foreseeing.

Despite all of this uncertainty, real estate remains a good investment. While the stock market is yoyoing wildly, real estate has been relatively more even-keeled. If you are considering purchasing a plot of land in Texas on which to start your American dream, you’re already on the right track. Now, all you need to do is contact the team at SRC Land to start looking.

Locate the perfect place in Harlingen to build you and your family’s future today.

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Considering the natural beauty and welcoming communities so key to what makes Texas Texas, it’s no surprise that nearly four million people moved to Texas between 2010 and 2018. Many people moving into the state may hang their hat in an apartment while others may choose to rent homes or condos, but overwhelmingly, many individuals are finally realizing their dream of owning land to build their legacy is well within their grasp.

To try to make that hunt a little easier, the real estate team at SRC Land have gathered information covering the basics of what you should know before looking for the place your home will ultimately rest on. Our dedicated team members work tirelessly to help the people looking to settle in the city of Harlingen find the land that’s right for them.

1. Really Think About Your Desired Location

This is the area that most of us think about first when considering where our dream will be located. Take the frustration out of finding a location right for you by doing the following:

Check out the neighborhood to make sure you will feel comfortable there.
Make sure the area is right for your lifestyle.
Visualize your home on the lot, and check if it feels right.
Listen to the traffic noise to make sure it’s not too loud.
Look at the area at different times of the day to get a sense of the atmosphere.
Bring friends or family to help you decide.

And, most importantly, consider and compare at least a few different options. Don’t settle for the first location right away.

2. Consider What Type of Lot is Right for You

The lot that you build on serves as the canvas for your masterpiece, and every slope of the land will affect what your home will look like. Below you can read about the different sorts of lots you can consider for your optimal build:

Flat — This is the default layout when we think of when building homes. As neat as a perfectly flat lot may look, it may not be the ideal lot for your needs. Although uncommon in Texas, building homes with basements on flat lots are susceptible to flooding, especially after a particularly rainy season.
View — A view lot is exactly what it sounds like: a lot with a view. The scenic views surrounding the plots of land allow you to accentuate its natural beauty within the design of your home.
Corner — Corner lots can be perfect for home design. Corner lots make side and back entries possible, but this can make their cost higher than other lots.
Narrow — If you’re looking to build your home in a more urban area, you will probably be looking for a narrow lot. Narrow lots are becoming more and more popular for home builds.
Sloped — Lots that are sloped to one side or the other can open up all sorts of interesting design options.

3. Overcome the Technical Details

Now that you know about the different types of lots, it’s time to learn about the practical concerns that come with building a home. Below are more of the technical aspects you will need to consider when choosing a lot for your home:

Accessibility — Where is the lot positioned? Is it difficult to access the main road? This can become a serious issue should an emergency occur and medical professionals cannot get quick access to your home.
Amenities — Are there shops, schools, and childcare services in the area that will fit you and your families needs?
Orientation — North-facing lots are usually a good choice, but don’t forget to take lot orientation into account.
Privacy — Check that there is no overlooking issue–neighboring homes with windows that invade your privacy, for instance–that would make you uncomfortable to live on the lot.
Utility Connections — To live on a lot, you will need to make sure it is connected to all the necessary utilities like water, sewage or septic tank system, and access to electric, telephone, and internet services.

4. Ask Your Builder

Your builder has a lot of experience in constructing beautiful homes on all sorts of lots, and if you are planning to build your own home, you should consider talking to him or her before choosing your lot.

A builder can help explain all of the information you need to know and how it will influence her or his work. Your builder can also adjust your designs to fit your lot or help you find the perfect lot that meets all of your design needs.

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The Covid-19 Impact on Real Estate