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<p><a data-mce-href="https://www.theguardian.com/cities/2019/sep/03/co-living-the-end-of-urban-loneliness-or-cynical-corporate-dormitories" href="https://www.theguardian.com/cities/2019/sep/03/co-living-the-end-of-urban-loneliness-or-cynical-corporate-dormitories">Co-living spaces</a> are a growing trend in Houston, offering a new perspective on the traditional rental market. </p><p>If you’re looking to <a data-mce-href="https://terradigitalrealty.com/" href="https://terradigitalrealty.com/">sell your house fast in Houston</a>, understanding this trend can open up new opportunities.</p><figure id="figure-x0f6al44vm24t1gd3"><img id="x0f6al44vm24t1gd3" src="https://cdn.durable.co/blocks/9NJpAmes16QfmMul77JgY2uAxqLBqh66aivH91yd1oBlIwAHKiJGYU9fodtRCmK4.png" alt="brown wooden dining table with white chairs near kitchen" title="brown wooden dining table with white chairs near kitchen" class="object-cover bg-gray-100 rounded-lg md:rounded-xl lg:rounded-2xl" style="aspect-ratio: 16/9; object-position: 0% 50%;" data-corners="medium" data-aspect="16:9" data-caption="" data-positionx="0%" data-positiony="50%" data-fullwidth="false" data-mce-src="https://cdn.durable.co/blocks/9NJpAmes16QfmMul77JgY2uAxqLBqh66aivH91yd1oBlIwAHKiJGYU9fodtRCmK4.png" data-mce-style="aspect-ratio: 16/9; object-position: 0% 50%;"></figure><p> </p><p>Co-living combines shared housing with affordability, catering to young professionals and students. This setup is influencing property values and creating fresh investment opportunities for homeowners and investors alike.</p><h2>Why Co-Living is becoming popular in Houston<br></h2><p>Houston’s <a data-mce-href="https://terradigitalrealty.com/blog/dallas-fort-worth-suburbs-respond-to-population-boom" href="https://terradigitalrealty.com/blog/dallas-fort-worth-suburbs-respond-to-population-boom">population growth</a> has fueled demand for affordable housing options. The city gained over 90,000 residents in the past two years, making it one of the fastest-growing metropolitan areas in the U.S. Co-living spaces, which offer private bedrooms but shared common areas, fit well into this growing need.</p><figure id="figure-q8ncavlfblm24t22pj"><img id="q8ncavlfblm24t22pj" src="https://images.unsplash.com/photo-1582268611958-ebfd161ef9cf?crop=entropy&amp;cs=tinysrgb&amp;fit=max&amp;fm=jpg&amp;ixid=M3wyNjI5NjF8MHwxfHNlYXJjaHw0OXx8UmVhbCUyMGVzdGF0ZXxlbnwwfHx8fDE3MDY3NjIxMzB8MA&amp;ixlib=rb-4.0.3&amp;q=80&amp;w=1080" alt="white and brown concrete building" title="white and brown concrete building" class="object-cover bg-gray-100 " style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://images.unsplash.com/photo-1582268611958-ebfd161ef9cf?crop=entropy&amp;cs=tinysrgb&amp;fit=max&amp;fm=jpg&amp;ixid=M3wyNjI5NjF8MHwxfHNlYXJjaHw0OXx8UmVhbCUyMGVzdGF0ZXxlbnwwfHx8fDE3MDY3NjIxMzB8MA&amp;ixlib=rb-4.0.3&amp;q=80&amp;w=1080" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure><p>Here’s a table summarizing why co-living spaces are booming:</p><table style="border-collapse: collapse; width: 100%;" border="1" data-mce-style="border-collapse: collapse; width: 100%;"><tbody><tr><td style="width: 33.3333%;" data-mce-style="width: 33.3333%;"><strong>Reason</strong></td><td style="width: 33.3333%;" data-mce-style="width: 33.3333%;"><strong>Description</strong></td><td style="width: 33.3333%;" data-mce-style="width: 33.3333%;"><strong>Impact on property values</strong></td></tr><tr><td style="width: 33.3333%;" data-mce-style="width: 33.3333%;"><strong>Population Growth</strong></td><td style="width: 33.3333%;" data-mce-style="width: 33.3333%;">Rapid influx of new residents, especially young professionals and students.</td><td style="width: 33.3333%;" data-mce-style="width: 33.3333%;">Increases demand for affordable housing options.</td></tr><tr><td style="width: 33.3333%;" data-mce-style="width: 33.3333%;"><strong>Rising Rent Prices</strong></td><td style="width: 33.3333%;" data-mce-style="width: 33.3333%;">Higher rental costs in Houston drive the need for more affordable solutions.</td><td style="width: 33.3333%;" data-mce-style="width: 33.3333%;">Makes co-living an attractive, lower-cost alternative.</td></tr><tr><td style="width: 33.3333%;" data-mce-style="width: 33.3333%;"><strong>Demand for Community</strong></td><td style="width: 33.3333%;" data-mce-style="width: 33.3333%;">Young people prefer social, connected living environments.</td><td style="width: 33.3333%;" data-mce-style="width: 33.3333%;">Boosts the popularity and value of shared spaces.</td></tr></tbody></table><h2>Investment opportunities in Co-Living<br></h2><figure id="figure-ru5h81buxqm24t2apn"><img id="ru5h81buxqm24t2apn" src="https://media.gettyimages.com/id/2134246313/photo/two-female-students-at-home.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=3wUmguwIbgMrXU9OoEYKDnVKX0EhEaHOasJX6SmUhdA=" alt="Two Female Students At Home" title="Two Female Students At Home" class="object-cover bg-gray-100 " style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://media.gettyimages.com/id/2134246313/photo/two-female-students-at-home.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=3wUmguwIbgMrXU9OoEYKDnVKX0EhEaHOasJX6SmUhdA=" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure><p>Investors are paying attention to this trend because co-living spaces can generate higher rental yields. Co-living units in Houston have been shown to achieve up to 30% higher yields than traditional <a data-mce-href="https://terradigitalrealty.com/blog/houston-rental-market" href="https://terradigitalrealty.com/blog/houston-rental-market">rentals</a>, as multiple tenants share one property.</p><table style="border-collapse: collapse; width: 100%;" border="1" data-mce-selected="1" data-mce-style="border-collapse: collapse; width: 100%;"><tbody><tr><td style="width: 50%;" data-mce-style="width: 50%;"><strong>Opportunity</strong></td><td style="width: 50%;" data-mce-style="width: 50%;"><strong>Details</strong></td></tr><tr><td style="width: 50%;" data-mce-style="width: 50%;"><strong>Higher Rental Yields</strong></td><td style="width: 50%;" data-mce-style="width: 50%;">Co-living properties can earn up to 30% more than traditional rentals.</td></tr><tr><td style="width: 50%;" data-mce-style="width: 50%;"><strong>Ideal Locations</strong></td><td style="width: 50%;" data-mce-style="width: 50%;">Properties near downtown, medical centers, or universities are in demand.</td></tr><tr><td style="width: 50%;" data-mce-style="width: 50%;"><strong>Long-term Value</strong></td><td style="width: 50%;" data-mce-style="width: 50%;">Increasing the value of properties through upgrades for shared living.</td></tr></tbody></table><h2>Transitioning your property into a co-living space</h2><figure id="figure-mddrqvzitm24t3d8a"><img id="mddrqvzitm24t3d8a" src="https://media.gettyimages.com/id/1134095260/photo/living-room-loft-in-industrial-style.jpg?b=1&s=2048x2048&w=0&k=20&c=0S6qlwKzNsZo4a4KCRtIIEvXUdLSGBhot2eDZmw9688=" alt="Living room loft in industrial style" title="Living room loft in industrial style" class="object-cover bg-gray-100 " style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionX="undefined" data-positionY="undefined" data-fullWidth="false"/></figure><p>If <a data-mce-href="https://terradigitalrealty.com/blog/selling-a-ranch-style-property-in-north-texas-2" href="https://terradigitalrealty.com/blog/selling-a-ranch-style-property-in-north-texas-2">you own property in Houston</a>, transitioning it into a co-living space can be a smart move. Here are a few steps to take:</p><table style="border-collapse: collapse; width: 100%;" border="1" data-mce-selected="1" data-mce-style="border-collapse: collapse; width: 100%;"><tbody><tr><td style="width: 50%;" data-mce-style="width: 50%;"><strong>Step</strong></td><td style="width: 50%;" data-mce-style="width: 50%;"><strong>Details</strong></td></tr><tr><td style="width: 50%;" data-mce-style="width: 50%;"><strong>Focus on Location</strong></td><td style="width: 50%;" data-mce-style="width: 50%;">Target areas like downtown Houston or near universities for higher demand.</td></tr><tr><td style="width: 50%;" data-mce-style="width: 50%;"><strong>Upgrade Amenities</strong></td><td style="width: 50%;" data-mce-style="width: 50%;">Add shared co-working spaces, modern kitchens, and smart technology.</td></tr><tr><td style="width: 50%;" data-mce-style="width: 50%;"><strong>Highlight Community</strong></td><td style="width: 50%;" data-mce-style="width: 50%;">Emphasize the social and convenience aspects in marketing materials.</td></tr></tbody></table><h2>Final thoughts</h2><p>The co-living trend offers exciting investment opportunities in Houston. Understanding and leveraging this shift can help property owners sell faster and at higher prices. Whether you’re an <a data-mce-href="https://terradigitalrealty.com/blog/turning-5-000-real-estate-investment-to-50-000" href="https://terradigitalrealty.com/blog/turning-5-000-real-estate-investment-to-50-000">investor</a> or a homeowner, embracing the co-living concept could be your next profitable move in the Houston real estate market.</p>

The Rise of Co-Living Spaces in Houston: Investment Opportunities

<p>The rise of electric vehicles (EVs) is changing the landscape of <a data-mce-href="https://terradigitalrealty.com/blog/understanding-the-texas-real-estate-market" href="https://terradigitalrealty.com/blog/understanding-the-texas-real-estate-market">Texas real estate</a>. As more people choose EVs, the way they think about their homes and neighborhoods is evolving too. </p><p>This trend isn't just about adopting a green lifestyle—it's also impacting property values, especially in cities like Houston. </p><p>So, if you're planning to <a data-mce-href="https://terradigitalrealty.com/" href="https://terradigitalrealty.com/">sell your house fast in Houston</a>, it’s worth understanding how EV growth might influence your property’s appeal and price.</p><h2>Charging infrastructure and property value</h2><p>Texas, being the <a data-mce-href="https://sj-lawfirm.com/the-pros-and-cons-of-electric-vehicles-in-texas/#:~:text=Texas%20has%20the%20second%2Dlargest,half%20of%20the%20country's%20EVs." href="https://sj-lawfirm.com/the-pros-and-cons-of-electric-vehicles-in-texas/#:~:text=Texas%20has%20the%20second%2Dlargest,half%20of%20the%20country's%20EVs.">second-largest EV market in the U.S.</a>, is rapidly expanding its network of EV chargers. </p><p>According to the Texas Department of Transportation, the state plans to add over 3,000 public chargers by 2025. This expansion is especially visible in major cities like Houston, Dallas, and Austin.</p><figure id="figure-2ab5byo57am24sl9t2"><img id="2ab5byo57am24sl9t2" src="https://media.gettyimages.com/id/1452069296/photo/smart-city.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=vS-KTDyhAEQCgi2BGfaN8H_ceSYJdF8_w57eFt-tzwg=" alt="smart city" title="smart city" class="object-cover bg-gray-100 " style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://media.gettyimages.com/id/1452069296/photo/smart-city.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=vS-KTDyhAEQCgi2BGfaN8H_ceSYJdF8_w57eFt-tzwg=" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure><p>For homeowners, this is great news.</p><p> Properties located near charging stations or equipped with home chargers can see a boost in value. A study by <a data-mce-href="https://realtor.com/" href="https://realtor.com/">Realtor.com</a> shows that homes with EV charging stations can sell for up to 2.5% more than similar properties without them.&nbsp;</p><p><br></p><h2>What's the impact on commercial and residential real estate in Houston?</h2><p>Commercial properties near EV hubs—like malls with charging stations—are becoming more valuable. </p><p>In fact, a report from the <a data-mce-href="https://theicct.org/" href="https://theicct.org/">International Council on Clean Transportation</a> found that commercial spaces near EV infrastructure saw a 5% increase in lease prices compared to those without these facilities. This is significant, as more retailers and developers are integrating charging stations to attract both shoppers and businesses.</p><figure id="figure-9n27m8xvvdm24sm2tg"><img id="9n27m8xvvdm24sm2tg" src="https://media.gettyimages.com/id/1907352169/photo/ev-electric-vehicle-technology-concept-mechanic-employing-ev-electric-vehicle-analysis.jpg?b=1&s=2048x2048&w=0&k=20&c=U9juH_j0s_3a6NOqWBpSh-6XLzpUmYi0a938pNLIAIo=" alt="EV electric vehicle technology concept, mechanic employing EV electric vehicle analysis display screen at electric car manufacture" title="EV electric vehicle technology concept, mechanic employing EV electric vehicle analysis display screen at electric car manufacture" class="object-cover bg-gray-100 " style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionX="undefined" data-positionY="undefined" data-fullWidth="false"/></figure><p>For residential real estate, the trend is slightly different but still favorable. Texas has seen a 30% year-over-year increase in EV ownership, leading to a demand for EV-ready homes. </p><p>In Houston, this demand is evident in both the luxury and mid-range markets. Homes that are built or retrofitted with EV chargers are selling faster and for higher prices, giving homeowners a chance to capitalize on this growing trend.</p><p><br></p><h2>Houston’s Position in the EV Landscape</h2><p>Houston, known for its strong ties to the energy sector, is rapidly adapting to the rise of EVs. The city’s efforts to embrace EV infrastructure are paying off. </p><p>According to <a data-mce-href="https://evadoption.com/" href="https://evadoption.com/">EVAdoption</a>, Houston ranks in the top five U.S. cities for new EV charger installations. This effort is not only helping the environment but also driving up property values in areas near these charging stations.</p><p>For homeowners, this is a golden opportunity. </p><p>As more buyers look for EV-friendly properties, homes that offer these amenities or are located near chargers will likely sell faster and at higher prices. <br></p><p>It’s a trend that could benefit sellers aiming to make the most of Houston’s evolving <a data-mce-href="https://terradigitalrealty.com/blog/why-now-is-the-perfect-time-to-sell-in-the-houston-real-estate-market" href="https://terradigitalrealty.com/blog/why-now-is-the-perfect-time-to-sell-in-the-houston-real-estate-market">real estate market</a>.</p>

How the EV Boom is Influencing Property Values in Texas

Tower Crane with CODE Word on Chalkboard Background - 3D Rendering

<p>Selling a home in Houston—or anywhere in Texas—just got a little more interesting in 2024 (if not, then you're probably not reading this blog).</p><figure id="figure-yij961mcz4m24q4ecu"><img id="yij961mcz4m24q4ecu" src="https://cdn.durable.co/blocks/9NJpAmes16QfmMul77JgY2uAxqLBqh66aivH91yd1oBlIwAHKiJGYU9fodtRCmK4.png" alt="white and grey concrete building near swimming pool under clear sky during daytime" title="white and grey concrete building near swimming pool under clear sky during daytime" class="object-cover bg-gray-100 rounded-lg md:rounded-xl lg:rounded-2xl" style="aspect-ratio: 16/9; object-position: 0% 50%;" data-corners="medium" data-aspect="16:9" data-caption="" data-positionx="0%" data-positiony="50%" data-fullwidth="false" data-mce-src="https://cdn.durable.co/blocks/9NJpAmes16QfmMul77JgY2uAxqLBqh66aivH91yd1oBlIwAHKiJGYU9fodtRCmK4.png" data-mce-style="aspect-ratio: 16/9; object-position: 0% 50%;"></figure><p> </p><p>If you’re trying to <a data-mce-href="https://terradigitalrealty.com/" href="https://terradigitalrealty.com/">sell your home fast in Houston</a>, you might need to know about the new building codes rolling out this year. These updates can affect property values, sales timelines, and even the cost of preparing your home for sale. Let’s break down what’s new and what it means for you.</p><h2>What’s New in the 2024 Texas Building Codes?</h2><figure id="figure-580726fc2m24q5xn8"><img id="580726fc2m24q5xn8" src="https://media.gettyimages.com/id/678675846/photo/3d-code-sign.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=iR0LqzttxkU67MbIweRRuBw_qPVoLAOSC3rlE6HpCCQ=" alt="3d code sign" title="3d code sign" class="object-cover bg-gray-100 " style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://media.gettyimages.com/id/678675846/photo/3d-code-sign.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=iR0LqzttxkU67MbIweRRuBw_qPVoLAOSC3rlE6HpCCQ=" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure><p>Every few years, <a data-mce-href="https://terradigitalrealty.com/blog/august-update-home-sales-houston" href="https://terradigitalrealty.com/blog/august-update-home-sales-houston">Texas updates</a> its building codes to align with safety standards and environmental goals. In 2024, the focus is on sustainability, energy efficiency, and safety—<em><strong>three big trends driving the real estate market</strong></em>.</p><p>Here are some of the major changes:</p><h3>Energy Efficiency</h3><p>The state now requires new builds and major renovations to include higher-rated insulation, energy-efficient windows, and solar-ready roofs. It’s all about cutting energy bills and being <a data-mce-href="https://terradigitalrealty.com/blog/eco-friendly-upgrades-that-can-boost-your-home-s-value-before-selling" href="https://terradigitalrealty.com/blog/eco-friendly-upgrades-that-can-boost-your-home-s-value-before-selling">eco-friendly</a>.<br></p><h3>Structural Requirements</h3><figure id="figure-wl6cq6tedm24q6p2s"><img id="wl6cq6tedm24q6p2s" src="https://media.gettyimages.com/id/1646522124/photo/many-different-multiclored-colorful-heavy-industrial-machinery-equipment-at-construction-site.jpg?b=1&s=2048x2048&w=0&k=20&c=qHXr_f_l1UFpN1ABNCQ7n7dg5ev-TJY2jaV62bQyIyc=" alt="Many different multiclored colorful heavy industrial machinery equipment at construction site parking area against warehouse building city infrastructure development. Commercial vehicles rental sale" title="Many different multiclored colorful heavy industrial machinery equipment at construction site parking area against warehouse building city infrastructure development. Commercial vehicles rental sale" class="object-cover bg-gray-100 " style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionX="undefined" data-positionY="undefined" data-fullWidth="false"/></figure><p><a data-mce-href="https://terradigitalrealty.com/blog/selling-your-home-during-houston-s-hurricane-season" href="https://terradigitalrealty.com/blog/selling-your-home-during-houston-s-hurricane-season">Hurricane straps</a>, storm-resistant windows, and improved foundation standards are now a must in certain areas, especially for coastal and <a data-mce-href="https://terradigitalrealty.com/blog/selling-a-flood-prone-home-in-houston" href="https://terradigitalrealty.com/blog/selling-a-flood-prone-home-in-houston">flood-prone</a> regions. This makes Texas homes safer but can also mean extra costs for upgrades.<br></p><h3>Water Efficiency Standards</h3><p>The new codes introduce guidelines for low-flow fixtures and efficient irrigation systems, aiming to conserve water in residential properties.</p><h2>A Quick Look at the Numbers<br></h2><p>Here’s a quick table summarizing the potential costs and impacts of these 2024 code updates:</p><table style="border-collapse: collapse; width: 100%;" border="1" data-mce-style="border-collapse: collapse; width: 100%;"><tbody><tr><td style="width: 33.3333%;" data-mce-style="width: 33.3333%;"><strong>Update Area</strong></td><td style="width: 33.3333%;" data-mce-style="width: 33.3333%;"><strong>&nbsp;Potential Cost</strong></td><td style="width: 33.3333%;" data-mce-style="width: 33.3333%;"><strong>Impact on Sale</strong></td></tr><tr><td style="width: 33.3333%;" data-mce-style="width: 33.3333%;"><strong>Energy Efficiency</strong></td><td style="width: 33.3333%;" data-mce-style="width: 33.3333%;">$2,000 - $10,000</td><td style="width: 33.3333%;" data-mce-style="width: 33.3333%;">Higher appeal; faster sale if compliant</td></tr><tr><td style="width: 33.3333%;" data-mce-style="width: 33.3333%;"><strong>Structural Upgrades</strong></td><td style="width: 33.3333%;" data-mce-style="width: 33.3333%;">$3,000 - $15,000</td><td style="width: 33.3333%;" data-mce-style="width: 33.3333%;">Required for inspection approval</td></tr><tr><td style="width: 33.3333%;" data-mce-style="width: 33.3333%;"><strong>Water Efficiency</strong></td><td style="width: 33.3333%;" data-mce-style="width: 33.3333%;">$1,000 - $5,000</td><td style="width: 33.3333%;" data-mce-style="width: 33.3333%;">May attract eco-conscious buyers</td></tr></tbody></table><h2>Is it worth the trouble?</h2><p>It might feel like a lot to keep up with all these changes, but think of it as an investment. Meeting the latest Texas building codes could help you sell your home faster and even boost its value. </p><p>Buyers are getting smarter, and many want homes that are energy-efficient, safe, and future-proof. By staying ahead of the game, you can make sure your property stands out in Houston’s competitive market.</p><p>So, while these updates may add a few tasks to your to-do list, they also offer a chance to make your property shine. </p><p>Whether you need to tweak a few things or do a full upgrade, understanding the 2024 building code changes can help you navigate the selling process with confidence.</p><p><br></p>

2024 Building Code Updates in Texas: How They Impact Property Sales

law concept The legal officer listening to the law report of booster and adjusting the agreement paper by writing it down.

<p>Texas recently updated their homestead exemption laws, and we all know that these changes can significantly affect homeowners and sellers in the real estate market.&nbsp;</p><p>So if you are looking to <a data-mce-href="https://terradigitalrealty.com/" href="https://terradigitalrealty.com/"><strong>sell your house fast in Houston</strong></a>, understanding the new laws can help you make informed decisions and attract potential buyers.&nbsp;</p><figure id="figure-f0jt7e8bg5m237leru"><img id="f0jt7e8bg5m237leru" src="https://cdn.durable.co/blocks/9NJpAmes16QfmMul77JgY2uAxqLBqh66aivH91yd1oBlIwAHKiJGYU9fodtRCmK4.png" alt="three silver keys" title="three silver keys" class="object-cover bg-gray-100 rounded-lg md:rounded-xl lg:rounded-2xl" style="aspect-ratio: 16/9; object-position: 0% 50%;" data-corners="medium" data-aspect="16:9" data-caption="" data-positionx="0%" data-positiony="50%" data-fullwidth="false" data-mce-src="https://cdn.durable.co/blocks/9NJpAmes16QfmMul77JgY2uAxqLBqh66aivH91yd1oBlIwAHKiJGYU9fodtRCmK4.png" data-mce-style="aspect-ratio: 16/9; object-position: 0% 50%;"></figure><h2>What is the homestead exemption?</h2><p>The <em><a data-mce-href="https://comptroller.texas.gov/taxes/property-tax/exemptions/" href="https://comptroller.texas.gov/taxes/property-tax/exemptions/">homestead exemption in Texas</a></em> allows homeowners to reduce their property tax burden on their primary residence. If you applyg for this exemption, homeowners can lower the taxable value of their home, which results in a reduction in their overall property taxes. This benefit makes owning a home more affordable, which can be appealing to buyers looking for a new place.</p><p><br></p><h2>What are the key changes to the homestead exemption laws?</h2><figure id="figure-xkuqtcfblm238otqq"><img id="xkuqtcfblm238otqq" src="https://media.gettyimages.com/id/1492189677/photo/bank-symbol-with-with-coins-stack-concepts-of-the-banking-system-rising-interest-rates.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=2TQmcUubrFNphU-qOgYihLDacG8dKCEByAiIL76ugI8=" alt="Bank symbol with with coins stack. Concepts of the banking system, rising interest rates, inflation, deflation, and savings." title="Bank symbol with with coins stack. Concepts of the banking system, rising interest rates, inflation, deflation, and savings." class="object-cover bg-gray-100 " style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://media.gettyimages.com/id/1492189677/photo/bank-symbol-with-with-coins-stack-concepts-of-the-banking-system-rising-interest-rates.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=2TQmcUubrFNphU-qOgYihLDacG8dKCEByAiIL76ugI8=" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure><h3>Increased Exemption Amounts</h3><p>The Texas legislature has raised the homestead exemption amounts. For school district taxes, the exemption has increased from $25,000 to $40,000. This change means that homeowners can save more on their property taxes.</p><h3>Additional Exemptions</h3><p>New exemptions have been added for disabled veterans and their surviving spouses. These exemptions provide additional financial relief, making homes more affordable for those who have served our country.<br></p><h3>Simplified Application Process</h3><p>The application process for obtaining a homestead exemption has been streamlined. This change makes it easier for homeowners to apply and receive the tax benefits they deserve.</p><p><br></p><h2>Here's a table for summarization</h2><table style="border-collapse: collapse; width: 100%;" border="1" data-mce-style="border-collapse: collapse; width: 100%;" data-mce-selected="1"><tbody><tr><td style="width: 25%;" data-mce-style="width: 25%;"><strong>Change</strong></td><td style="width: 25%;" data-mce-style="width: 25%;"><strong>Previous amount</strong></td><td style="width: 25%;" data-mce-style="width: 25%;"><strong>New amount</strong></td><td style="width: 25%;" data-mce-style="width: 25%;"><strong>Impact</strong></td></tr><tr><td style="width: 25%;" data-mce-style="width: 25%;"><strong>School District Tax Exemption</strong></td><td style="width: 25%;" data-mce-style="width: 25%;">$25,000</td><td style="width: 25%;" data-mce-style="width: 25%;">$40,000</td><td style="width: 25%;" data-mce-style="width: 25%;">Increased tax savings for homeowners</td></tr><tr><td style="width: 25%;" data-mce-style="width: 25%;"><strong>Additional Exemption for Veterans</strong></td><td style="width: 25%;" data-mce-style="width: 25%;">N/A</td><td style="width: 25%;" data-mce-style="width: 25%;">New exemption added</td><td style="width: 25%;" data-mce-style="width: 25%;">Financial relief for veterans</td></tr><tr><td style="width: 25%;" data-mce-style="width: 25%;"><strong>Application process</strong></td><td style="width: 25%;" data-mce-style="width: 25%;">Complex</td><td style="width: 25%;" data-mce-style="width: 25%;">Simplified</td><td style="width: 25%;" data-mce-style="width: 25%;">Easier access to benefits</td></tr></tbody></table><h2>Final thoughts</h2><p>The new homestead exemption laws in Texas can significantly benefit sellers in Houston. With increased exemption amounts and a simplified application process, buyers may be more motivated to purchase homes.</p><figure id="figure-h8a7utbh7om238r6ux"><img id="h8a7utbh7om238r6ux" src="https://media.gettyimages.com/id/1141156865/photo/planning-savings-money-of-coins-to-buy-a-home-concept-for-property-ladder-mortgage-and-real.jpg?b=1&s=2048x2048&w=0&k=20&c=SUsMngoGE7Hk_1BzX5ghQoQqi3ppXdDOUb6_AI0r1Qw=" alt="planning savings money of coins to buy a home, concept for property ladder, mortgage and real estate investment. for saving or investment for a house, growing business" title="planning savings money of coins to buy a home, concept for property ladder, mortgage and real estate investment. for saving or investment for a house, growing business" class="object-cover bg-gray-100 " style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionX="undefined" data-positionY="undefined" data-fullWidth="false"/></figure><p> </p><p>As a <a data-mce-href="https://terradigitalrealty.com/" href="https://terradigitalrealty.com/">real estate agency professional</a>, we are here to help you navigate these changes and market your home effectively. If you’re ready to sell your house fast in Houston, let us guide you through the process and ensure you capitalize on the new homestead exemption benefits.</p><p><br></p>

Texas’ New Homestead Exemption Laws: What Sellers Need to Know

Save to buy a house. Affordable housing. Buying a nice house. Mortgage and loan. Housing prices. Savings on bills.

<p>As we step into 2024, Texas is making significant strides in addressing the affordable housing crisis. With various initiatives aimed at increasing the availability of affordable homes, sellers in Houston can take advantage of these changes. </p><p>If you're looking to <a data-mce-href="https://terradigitalrealty.com/" href="https://terradigitalrealty.com/"><strong>sell your house fast in Houston</strong></a>, understanding these initiatives can open doors to new opportunities.</p><figure id="figure-vfik8h7cc9m23517l6"><img id="vfik8h7cc9m23517l6" src="https://cdn.durable.co/blocks/9NJpAmes16QfmMul77JgY2uAxqLBqh66aivH91yd1oBlIwAHKiJGYU9fodtRCmK4.png" alt="white and grey concrete building near swimming pool under clear sky during daytime" title="white and grey concrete building near swimming pool under clear sky during daytime" class="object-cover bg-gray-100 rounded-lg md:rounded-xl lg:rounded-2xl" style="aspect-ratio: 16/9; object-position: 0% 50%;" data-corners="medium" data-aspect="16:9" data-caption="" data-positionX="0%" data-positionY="50%" data-fullWidth="false"/></figure><h2>What are the affordable housing initiatives in Texas?</h2><figure id="figure-0eknfe223bm234z78c"><img id="0eknfe223bm234z78c" src="https://media.gettyimages.com/id/1276575037/photo/city-of-figures-houses-and-green-trees-real-estate-concept-urbanism-and-infrastructure-real.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=SNJuZYWnfex5zyIaGn9GtyVDpmcFWd1KvGMkEzBwAB8=" alt="City of figures houses and green trees. Real estate concept. Urbanism and infrastructure. Real Estate Agent services. Infrastructure. Affordable housing. City greening. Effective town management." title="City of figures houses and green trees. Real estate concept. Urbanism and infrastructure. Real Estate Agent services. Infrastructure. Affordable housing. City greening. Effective town management." class="object-cover bg-gray-100 " style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://media.gettyimages.com/id/1276575037/photo/city-of-figures-houses-and-green-trees-real-estate-concept-urbanism-and-infrastructure-real.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=SNJuZYWnfex5zyIaGn9GtyVDpmcFWd1KvGMkEzBwAB8=" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure><p>Texas has launched several initiatives to boost affordable housing, aiming to create options for low- and middle-income families. Here are some key initiatives that have been introduced this year:</p><ul><li><strong>Increased Funding for Housing Development:</strong> The <a data-mce-href="https://www.texas.gov/" href="https://www.texas.gov/">Texas government </a>has allocated more funds for affordable housing projects, helping developers create more affordable units.<br></li><li><strong>Tax Incentives for Builders:</strong> Builders can now receive tax breaks for constructing affordable housing. This encourages more development and increases the supply of affordable homes.<br></li><li><strong>Zoning Changes:</strong> Some cities are relaxing <a data-mce-href="https://terradigitalrealty.com/blog/houston-zoning-laws-affect-your-home-sale" href="https://terradigitalrealty.com/blog/houston-zoning-laws-affect-your-home-sale">zoning laws</a> to allow for denser housing development. This can lead to more homes being built in popular areas, making it easier for buyers to find affordable options.</li></ul><h2>What are the opportunities for sellers?</h2><figure id="figure-i91hwmj0fm23509zb"><img id="i91hwmj0fm23509zb" src="https://media.gettyimages.com/id/2095147712/photo/sold-for-sale-real-estate-sign-in-front-of-new-house.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=CNtdTWzv6YlGkdfQ79NcNaOCX7zaAax-7oNBDkqfTxU=" alt="Sold For Sale Real Estate Sign in Front of New House." title="Sold For Sale Real Estate Sign in Front of New House." class="object-cover bg-gray-100 " style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://media.gettyimages.com/id/2095147712/photo/sold-for-sale-real-estate-sign-in-front-of-new-house.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=CNtdTWzv6YlGkdfQ79NcNaOCX7zaAax-7oNBDkqfTxU=" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure><p>The <a data-mce-href="https://terradigitalrealty.com/blog/housing-market-near-major-universities-in-texas" href="https://terradigitalrealty.com/blog/housing-market-near-major-universities-in-texas">affordable housing</a> initiatives in Texas create significant opportunities for sellers in Houston. With an increase in affordable housing options, demand for homes is likely to rise, especially for competitively priced properties. </p><p>Sellers can strategically position their homes as attractive options for first-time buyers by highlighting features like energy efficiency, <a data-mce-href="https://terradigitalrealty.com/blog/top-strategies-for-selling-your-texas-home-fast-without-repairs" href="https://terradigitalrealty.com/blog/top-strategies-for-selling-your-texas-home-fast-without-repairs">low maintenance</a>, and proximity to amenities. </p><p>Additionally, qualifying for government programs that offer down payment assistance can draw more buyers seeking financial support, enhancing the appeal of your property. Embracing these opportunities can lead to a successful and profitable sale in the evolving <a data-mce-href="https://terradigitalrealty.com/blog/why-now-is-the-perfect-time-to-sell-in-the-houston-real-estate-market" href="https://terradigitalrealty.com/blog/why-now-is-the-perfect-time-to-sell-in-the-houston-real-estate-market">real estate market</a>.</p>

Texas’ 2024 Affordable Housing Initiatives | What are the opportunities for sellers?

<p>Selling a vacation home in Houston can be an exciting yet challenging endeavor. Whether you’ve decided to move on to a new adventure or simply want to cash in on your investment, understanding the market and employing the right strategies can help you <a data-mce-href="https://terradigitalrealty.com/" href="https://terradigitalrealty.com/"><em>sell your vacation home quickly</em> </a>and efficiently.</p><p> </p><p>In this guide, we will share essential tips and insights to help you navigate the selling process and achieve your goals.</p><h2>Understand the Houston real estate market</h2><figure id="figure-pul9zr9wtlm232e484"><img id="pul9zr9wtlm232e484" src="https://media.gettyimages.com/id/1777918914/photo/a-businessman-holding-a-coin-in-his-hand-ponders-the-concept-of-wealth-and-financial-security.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=p8uH_6fQSIKHwO8aaVH6C9g-KFJVgKkj-ltO659hy_k=" alt="A businessman holding a coin in his hand ponders the concept of wealth and financial security as he looks at a house model, representing the potential investment of a mortgage loan." title="A businessman holding a coin in his hand ponders the concept of wealth and financial security as he looks at a house model, representing the potential investment of a mortgage loan." class="object-cover bg-gray-100 " style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://media.gettyimages.com/id/1777918914/photo/a-businessman-holding-a-coin-in-his-hand-ponders-the-concept-of-wealth-and-financial-security.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=p8uH_6fQSIKHwO8aaVH6C9g-KFJVgKkj-ltO659hy_k=" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure><p>Yup, this should be the first one on your list.&nbsp;</p><p>Houston’s market can vary significantly, with different neighborhoods experiencing different trends. For instance, areas near popular attractions or waterfront properties may attract more buyers.</p><p>According to recent data, <a data-mce-href="https://www.redfin.com/city/8903/TX/Houston/housing-market" href="https://www.redfin.com/city/8903/TX/Houston/housing-market">Houston's real estate market</a> has shown a steady increase, with home values rising by 5% in the past year. This means now might be a great time to sell your vacation home before the market cools off. Be sure to research current trends and consult with a real estate professional who can provide insights tailored to your property.</p><p>If you want more information about the recent data on Houston's real estate market, reading this <a data-mce-href="https://terradigitalrealty.com/blog/houston-news-real-estate-market-updates" href="https://terradigitalrealty.com/blog/houston-news-real-estate-market-updates">blog</a> could totally help you out.</p><p><br></p><h2>Prepare the home for sale</h2><p>We know we run the risk of being redundant here as one of the important things we list on our articles is how to prepare your home for sale. But whether we like it or not, this is vital and imperative for a seller who wants to sell their house fast in Houston.&nbsp;</p><ul><li><strong>Clean and Declutter: </strong>A clean space allows buyers to envision themselves living there. Remove personal items and excess furniture to make the space feel more open.<br></li><li><strong>Enhance Curb Appeal: </strong>The exterior of your home is the first thing buyers will see. Consider simple updates like landscaping, fresh paint, or new outdoor furniture.<br></li><li><strong>Consider Upgrades: </strong>Minor renovations, like updating appliances or fixtures, can increase your home’s value. Be strategic about where to invest, focusing on areas that offer the highest return.</li></ul><p>You may also consider eco-friendly upgrades which you can learn more about on this <a data-mce-href="https://terradigitalrealty.com/blog/eco-friendly-upgrades-that-can-boost-your-home-s-value-before-selling" href="https://terradigitalrealty.com/blog/eco-friendly-upgrades-that-can-boost-your-home-s-value-before-selling">blog</a>.</p><p><br></p><h2>Market your vacation home effectively</h2><figure id="figure-qk4x7aoiem232hkui"><img id="qk4x7aoiem232hkui" src="https://media.gettyimages.com/id/1458236117/photo/aerial-view-of-the-rooftops-of-back-to-back-terraced-houses-in-the-north-of-england.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=3wk3ifFDMEmh0WRzejjhPpUQ3SY6R13ixpPuF2rVYBM=" alt="Aerial view of the rooftops of back to back terraced houses in the North of England" title="Aerial view of the rooftops of back to back terraced houses in the North of England" class="object-cover bg-gray-100 " style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionx="undefined" data-positiony="undefined" data-fullwidth="false" data-mce-src="https://media.gettyimages.com/id/1458236117/photo/aerial-view-of-the-rooftops-of-back-to-back-terraced-houses-in-the-north-of-england.jpg?b=1&amp;s=2048x2048&amp;w=0&amp;k=20&amp;c=3wk3ifFDMEmh0WRzejjhPpUQ3SY6R13ixpPuF2rVYBM=" data-mce-style="aspect-ratio: 16/9; object-position: center center;"></figure><p>To sell your vacation home fast, you need to reach the right buyers. Here are some effective marketing strategies:</p><ul><li><strong>Online Listings:</strong> Use popular real estate websites to list your home. High-quality photos and detailed descriptions will help attract attention.<br></li></ul><p>We wrote more info on how you can effectively write online listings in this <a data-mce-href="https://terradigitalrealty.com/blog/want-to-know-how-to-write-property-listings-for-houston-homebuyers" href="https://terradigitalrealty.com/blog/want-to-know-how-to-write-property-listings-for-houston-homebuyers">blog</a> you can check out.</p><ul><li><strong>Social Media Promotion:</strong> Leverage social media platforms to showcase your property. Engaging posts can reach a broader audience, especially among younger buyers.<br></li><li><strong>Virtual Tours: </strong>Offering virtual tours allows potential buyers to explore your home from the comfort of their own homes. This can be particularly appealing for out-of-town buyers.</li></ul><p><br></p><h2>Work with a professional real estate agent</h2><figure id="figure-dajuza4bskm232i5w8"><img id="dajuza4bskm232i5w8" src="https://media.gettyimages.com/id/1492924256/photo/female-lawyer-is-explaining-the-terms-of-the-legal-contract-document-and-asking-the-client-to.jpg?b=1&s=2048x2048&w=0&k=20&c=8PldcwrJh5OBkwKNShApSzgUALuhEm2ackyglWZ0dH8=" alt="Female lawyer is explaining the terms of the legal contract document and asking the client to sign it properly." title="Female lawyer is explaining the terms of the legal contract document and asking the client to sign it properly." class="object-cover bg-gray-100 " style="aspect-ratio: 16/9; object-position: center center;" data-corners="default" data-aspect="16:9" data-caption="" data-positionX="undefined" data-positionY="undefined" data-fullWidth="false"/></figure><p>Partnering with a knowledgeable real estate agent can make the selling process much smoother. An agent familiar with Houston's market can:</p><ul><li>Provide valuable insights and strategies tailored to your home.</li><li>Handle negotiations and paperwork on your behalf.</li><li>Market your property effectively to reach potential buyers.</li></ul><p><br></p><h2>Understand the closing process and its cost</h2><p>Once you receive an offer or <a data-mce-href="https://terradigitalrealty.com/blog/how-to-handle-multiple-offers" href="https://terradigitalrealty.com/blog/how-to-handle-multiple-offers">multiple offers </a>(wow, congrats!), it's essential to understand the closing process. This includes:</p><ul><li><strong>Negotiating the Offer: </strong>You can accept, reject, or counter the offer based on your needs.</li><li><strong>Home Inspections and Appraisals:</strong> Buyers will typically want a home inspection and appraisal before finalizing the sale.</li><li><strong>Closing Costs: </strong>Be prepared for closing costs, which may include agent fees, taxes, and other related expenses.</li></ul><p><br></p><h2>Final thoughts</h2><p>If you need personalized assistance with selling your vacation home in Houston, our team at <a data-mce-href="https://terradigitalrealty.com/" href="https://terradigitalrealty.com/">Terra Digital Realty</a> is here to help. We specialize in making the selling process smooth and successful, ensuring you get the best return on your investment.</p><figure id="figure-fozno8bbem232amna"><img id="fozno8bbem232amna" src="https://cdn.durable.co/blocks/0MFk4G7q4D95hl4AHsEbUgTozamtg7XKQqSTmn9vRUGPWYnzwEoYkY40aZbSQp1b.png" alt="white and red wooden house miniature on brown table" title="white and red wooden house miniature on brown table" class="object-cover bg-gray-100 rounded-lg md:rounded-xl lg:rounded-2xl" style="aspect-ratio: 16/9; object-position: 0% 50%;" data-corners="medium" data-aspect="16:9" data-caption="" data-positionx="0%" data-positiony="50%" data-fullwidth="false" data-mce-src="https://cdn.durable.co/blocks/0MFk4G7q4D95hl4AHsEbUgTozamtg7XKQqSTmn9vRUGPWYnzwEoYkY40aZbSQp1b.png" data-mce-style="aspect-ratio: 16/9; object-position: 0% 50%;"></figure><p><br></p><p><br></p>

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