Moving to Metro Houston Can Be Fun

Moving to Metro Houston can be quite an adventure, especially if you have never visited or lived here in the past. There are so many things to see and do that if you have a job waiting for you, maybe you should schedule your first day for a week or two after your move if you can afford to do so. This way, you can spend some time getting to know the city. You can visit all of the local attractions, learn how to find your way around town and get more comfortable with the area before you actually settle down and get to work.

Fun Family Activities

Once you have arrived at your new home and you have a few days to explore the area, you are probably going to be looking for plenty of family-friendly activities, especially if you have young children. Luckily, you have definitely come to the right place to find activities that the entire family will enjoy. One of your first stops should be Space Center Houston, where you will learn everything you ever wanted to know about the history of the United States space program. You can take a tram tour around the Johnson Space Center and sit in models of various space craft, including a space shuttle, and see suits that were worn by NASA astronauts. There is even a space-themed play area for children.

Another fun activity for the whole family is the Children’s Museum of Houston. After moving to Metro Houston, you really should check this place out. Don’t let the name fool you, because there are exhibits here that are going to be interesting to all ages, and adults and children alike will be amazed at the things they see and learn, including nanotechnology, art and various inventions and how they work. There is an awesome play area, and even a café with plenty of menu options.

While you are exploring the area, don’t forget to take a trip to the Houston Zoo, where you will find many wonderful exhibits with wild cats, primates, reptiles, birds and a whole lot more. Here you will find a children’s water park, a beautiful animal-themed carousel (located right at the entrance), and an aquarium with 23 different exhibits, including jellyfish from the South Pacific.

Moving can be a really stressful thing, and it is nice to be able to take some time after the move to just relax and get to know your new surroundings. With so many fun things for everyone in the family to do, you won’t have much time to sit still because your family is going to want to check out these and many other attractions after moving to Metro Houston.

With the Current Stock Market Malaise, Investment in Phoenix Real Estate Makes Even More Sense

The Phoenix residential real estate market represents a great opportunity to individuals, families, and investors who are weary about the stock market and are realizing that their investment portfolios are too exposed to fluctuations in Wall Street. By now, the reality has sunk in with most people – the stock market’s decline has hit 401K and other retirement investments hard. As a result, this is a critical time to for individuals, families, and investors to rethink diversification of their portfolios again. Portfolios need to be more highly diversified than ever before.

And it’s time to rethink real estate as one component of your diversification in the future in addition to stocks, bonds, commodities, international investment, and low-risk savings instruments, to name a few.

Wall Street, Main Street, and My Street, and Real Estate

There is no doubt that the goings-on in the real estate industry are intermingled with the market challenges that Wall Street is facing, which in turn impacts Main Street and “My Street.” But the issues with real estate largely emanated from the many corporations that make up Wall Street combined with lack of government oversight and inaction. Lack of personal discretion also contributed to the problem.

Having said that, here is why real estate should be a component in your investment portfolio once again, and why the Phoenix real estate market is an excellent choice for investment to help you diversify that portfolio.

First, due to the wave of foreclosure-related properties, prices have declined to 2004 and even 2003 pricing levels. This is pricing that is pre-run up. Though there is a risk that prices may drop further, the extent of a further decline may be limited in the short term while the long term outlook gradually gets stronger.

Second, real estate can prove to be a more reliable investment in a normal market environment. Prior to the run-up in home valuations in the second half of 2004 through 2005, annual home appreciation in the Phoenix residential real estate market averaged 5%-6% . Playing the long game as investors should, holding a property for 5-20 years could yield a solid return.

Long term is key here. The investor has to be committed to a lower but steady return on their investment when it comes to real estate. The Phoenix housing market will not likely experience a meteoric rise in valuations like it did again. That’s not to say that there won’t be some opportunities to turn properties fast (whether through acquisition at a foreclosure auction or wholesale, or a flip), but this model will have the high risk that most investors will and should shy away from.

One note here. At least in the Phoenix area, investors have to weigh the merits of investments in homes and real estate by several components to get a true picture of the return on a property. These factors are growth in appreciation, rental income and offsets, tax benefits, and equity paydown and buildup.

Third, real estate is real. You can see it. You can touch it. You can check up on it (if you buy locally). And it will always hold some intrinsic value no matter what happens. If you have a home in Chandler, it is easy to get across the Phoenix area, to check up on an investment property in Glendale. Or, perhaps the investment property you choose is right next door to your home in Tempe.

Fourth, under certain circumstances, real estate taxation on capital gains growth can be minimal. The same cannot be said of many other investment vehicles.

Fifth, an investor has much more control in determining the value of the property. Smart improvements and renovations combined with effective property management can increase the value of the property substantially.

Sixth, the Phoenix area continues to grow. The Valley saw a 2.8% increase in the number of residents here last year. This trend will continue as Phoenix and surrounding areas are perceived as a stable, optimum climate to live and to work. With the decline in real estate prices, this perception will also be reinforced by a sense that Phoenix and surrounding areas are once again affordable.

Finally, real estate can serve a dual investment/personal objective. For instance, an investment in real estate can serve as a later gift for children. Or, it can be utilized as a sort of savings plan for children’s college tuition as a complement to 529s and Coverdell plans. The investment could be a retirement property for later in life. Real estate investments can also be used to create income streams to live off of (when rents and equity buildup eventually turn the property cash-flow positive).

There are numerous reasons to invest in real estate even beyond this list.

Real Estate Has A Role to Play in Your Investment Portfolio

The difficult truth about the stock market is that over the past eight years, the U.S. economy has seen two major disruptions or recessions that were severe enough to have rippling effects for all Americans as seen by the decline in 401K and other retirement savings values. As a result, further diversification of investment portfolios is needed across many different asset classes with a regional focus as well.

Real estate should be one of those classes. Given real estate has seen real substantial pricing declines over the last three years to levels seen before the run-up period, one has to consider that there are real deals in the marketplace for real estate. Coupled with the right long-term outlook and commitment to investment fundamentals, real estate can have a more effectual, countervailing purpose in investment portfolios that can help Americans better weather substantial market disruptions in the future. For investors looking for specific markets that may be worthwhile to investigate, real estate in the Phoenix area is a compelling choice.