Tag Archive for affordable homes

How to Find Affordable Homes in El Paso

Portrait of couple posing photo shooting seated on couch indoors

The U.S. has been going through a housing crisis for quite some time and it is often difficult to find an affordable home. Whenever you start looking for a home, you need to make sure that it meets all your requirements, while remaining well within your budget. It may be difficult to find affordable homes in El Paso but it is not impossible. Here are all the different things you can do to find an affordable home for yourself.

Go For Less Popular Neighborhoods

If you do not have a very big budget, it is best to steer clear of highly popular neighborhoods. You might not be able to find what you are looking for in a popular neighborhood. There may be several less popular neighborhoods further down the town that you can look into. Less popular neighborhoods are not really a bad option as they are often quiet and peaceful as compared to busy ones. You might even find a bigger and better house if you opt for a less popular El Paso neighborhood like United, Eagle, and Stoneridge. 

Ask Around 

Networking comes in handy when you are looking for affordable homes. There is always someone whose friend is selling their home. If you have a big circle in El Paso you can reach out to them and spread the word that you are looking for a house. If you have a reference, you might even get a lesser price as compared to the market, which can be great for your budget. 

Tell your friends, coworkers, and your neighbors that you are looking for a home. They will contact you whenever they find one. This way, you won’t have to pay the broker fees and directly connect with the seller. You can also stretch your budget this way, as you don’t have to pay the broker’s fees. 

Check Out Low Income Housing Assistance Programs 

Low-income households can get help from home assistance programs. Section 8 is a federally funded program that can help you in this regard. They will offer you vouchers so that you can pay off your rent or mortgage. Only households whose joint income is less than 50% of the median income are eligible for home assistance programs. You can get more details pertaining to El Paso from the concerned authorities. The best loans you can opt for in El Paso are FHA Loans, USDA Loans, and My First Texas Home. 

Get Someone to Share 

You might not be able to buy a home on your own which is why it is a good idea to get someone to share it with you. You can either ask your family members to share the home with you and divide the rent or the mortgage. If no one from your family accepts, you can ask a friend or find yourself a roommate so you can get affordable homes.

Finding a home that fits your budget is one of the best things, and with the above-mentioned practices, you can surely find a home within your budget and exactly the way you want it to be. 

Get Help from Experts 

There are many experts out there who can help you buy affordable homes in El Paso. You can contact a realtor or custom home builder and tell them about your requirements. They will help you get a dream custom home with all the features you need while staying within your budget. If you are from El Paso, reach out to Palo Verde Homes and get the best help you need!  

The Ascension of Affordability: Optimism in El Paso’s Housing Market

As the sun sets on yet another day, people all across El Paso dream about a future where everything is back to normal. But the surreptitious nature of our world is that life goes on, despite pandemics that bring entire nations to their knees. Taking a moment to gaze at yet another beautiful Southwestern sunset can provide some much-needed solace during these particularly trying times. 

Past the visual beauty of a Southwestern sunset lies the fact of the matter, however. As our planet continues to spin on its axis, traveling on its elliptical path around the sun, it creates a visible representation emblematic of the passage of time. Simply put, there will always be another tomorrow. The sun will continue to shine and it will continue to set in the west as the day draws to a close. 

Your Journey Towards Homeownership Begins

So now we ask you this: When was the last time you truly stopped to gaze at the sunset? Or, more poignantly, when was the last time you felt a semblance of normalcy? For many, this quarantine and stay-at-home order have made daily life more difficult than ever before. 

Depending on your particular living situation, your home may be going through a metaphorical change. Perhaps the walls of your small apartment are starting to close in on you; your current place of residence may be playing tricks on your subconscious. 

As these lingering thoughts grow and manifest into untameable beasts that rattle your mind at all waking hours, a small sliver of hope breaks through. A path has been laid, and it’s only a few paces ahead of you. Go on and take the first step towards your journey of homeownership. At Palo Verde Homes, we’re proud to build affordable homes in El Paso. Let us be your guiding light.

Understanding Affordability

The concept of “affordability” is multifaceted. Generally speaking, it’s a term used to define a pricepoint that can easily be achieved by the general populace. But the term itself serves a plethora of different purposes, ranging across the entire spectrum of human thought and worldly cognition. 

The act of purchasing an affordable watch, for example, is one that may not require the purchaser to think too much about the actual impact the purchase might make in his or her future. But the act of purchasing affordable homes in El Paso, on the other hand, still requires a fair bit of planning. Again, homeownership is a journey, whether the home at the end of the journey is affordable or not. The path towards both end goals is paved with the same necessary decisions, from choosing the right home builder to getting the best mortgage rates. 

The Truth About Affordable Homes in El Paso

Much like an oasis in the middle of a dry, arid desert, El Paso’s housing market stands apart as one of the most affordable in the nation. Although our city may not be the most glamorous or most lavish in the United States, it is still a great place to live. Time and time again, we rank atop countless lists as one of the safest cities in the nation. A welcome surprise, especially when one considers our sister city across the border, Juarez, Mexico, and its unprecedented crime rate. 

But let’s talk about affordability. In 2019, Realtor.com and MSNBC included El Paso among the most affordable cities for homeowners. In fact, MSNBC touted El Paso as a place where individuals “can buy a home on a $60,000 salary.” How’s that for affordable homes?

Looking Towards the Future

Up until recently, individuals and families alike tended to move to locations with the most opportunity, in regards to careers and education. This is why cities such as Los Angeles and New York City are full to the brim while smaller cities scarcely scratch the surface, population-wise. 

But now, thanks to COVID-19, many industries are transitioning from physical offices to digital workplaces. And although the future of the traditional office as we know it is murky at best (some are even going as far as to say that “the office is dead”), it is undoubtedly true that the option to work from home has had a positive impact on individuals and enterprises alike. Tech giants such as Google, Uber, and Facebook are leading the charge by allowing their employees to work from home permanently. If the giants of Silicon Valley see this as a viable option, it’s only a matter of time before the rest of the world follows suit.

Now, you may be asking yourself, where are we going with this? You might consider this wishful thinking but all signs are pointing towards a future where remote work is seen not only as a viable option but as the best option. 

And now we reach the crux of the matter. If remote work becomes the norm, people won’t be tethered to certain cities or locations. They’ll be able to live wherever they want to live. This is where the question of affordable homes in El Paso finds its answer. Whether you’re planning on moving to a new city or you’ve lived in El Paso your entire life, now is the perfect time to take advantage of our affordable housing market. 

Palo Verde Homes: By Your Side, Every Step of the Way

It’s impossible to know what the future will bring, but we can surmise a few minute details here and there. If anything, there’s a solid possibility that our entire world will look very different once this pandemic draws to a close. We’ll understand the importance of an embrace because we went for so long without experiencing one. We’ll remember how awkward it felt to wear a facemask in public for the first time. And, most importantly, we’ll realize that these trivial matters that used to fill our heads with doubts and uncertainty don’t really mean much. 

As the sun rises, ushering the dawn of a new day, we want you to know that we’re here with you and we want to help. At Palo Verde Homes, we stand by our homes and our clients. That’s why we offer affordability without cutting corners. Give us a call, we’re ready to talk to you about the affordable homes in El Paso we have to offer. 

Affordable Homes and El Paso’s Unique Real Estate Market

Every home buyer is looking for a good deal. El Paso is a great market for affordable homes, as the standard of living is not sky high but there is still a lot of growing industry and development. This makes for ripe territory to build great new homes at an affordable cost.

The El Paso market is impacted by a lot of factors. Just like any other real estate market, the state of the economy in the country lays a huge role in how people are buying homes. As it stands today the market is doing really well. There is economic independence and growth throughout the nation and there is confidence in investing and the stock market. These are good signs for any real estate market and El Paso is seeing the fruits of this.

In fact, El Paso is ranked one of the fourth hottest real estate markets in 2018. The El Paso Times reported that El Paso ranked ahead of Fort Worth, Austin,  and San Antonio. This ranking was done by Trulia.com, one of the biggest real estate websites in the nation. It indicates the state of affordable houses in El Paso and the demand for great homes.

A Diverse Community

Part of what makes El Paso a burgeoning market is the fact that we are quite a diverse community. We not only see people moving here from Mexico, but also military families that get stationed at Fort Bliss. This creates a lot of demand and that makes homes more affordable and gives families an opportunity to get their dream home without paying a huge price.

In late 2017, KVIA reported that according to the Texas Association of Realtors several neighborhoods in El Paso saw a great surge in home sales. These include the east side of town and some of the growing communities in those areas.

Buyers Want Newly Built

It was also reported that there is a big demand in the area for newly built homes. There seems to be quite the indication that this is what buyers want. Newly constructed homes are still affordable homes, but they come with a whole new set of benefits and perks that home buyers are looking for today. Some of these new benefits include newer amenities, higher energy efficiency,  and modern layouts. Home buyers also know this means less upfront maintenance and stress over malfunctioning parts of the house. A new home is a new start and many people are looking to start new in the growing Sun City.

Get Affordable Homes with Palo Verde

As a locally owned and operated company, Palo Verde Homes are highly dedicated to the El Paso community and part of our mission is to build beautiful and affordable homes that are unmatched in performance and quality. Check out our floor plans and see for yourself! Gives us a call today and get your dream started.

Find the Right Affordable Home

couple surfing on a tablet looking for affordable homesIf you are looking for a new home you probably have a list of desires for your future house. You may think that checking off every priority on your list while looking through affordable homes is not a possibility. While in some cases that might be right, there are a few items on your list you should not compromise on. We have a few tips for you today.

Finding a Builder in the Right Neighborhood

Working with a builder for your new home offer a great deal of benefits. One of the downfalls can be moving out of your preferred zip code. For this reason, it is important to find a builder that offers affordable homes in a variety of locations around town. The last thing you want to compromise on is your commute to work or your child’s school. While new building developments offer safe and attractive places to live, it is better if you build on the side of town of your choice.

Floorplan

When it comes to finding affordable homes floorplans make all the difference. You shouldn’t have to compromise when it comes to the layout of your home. Finding the right home that offers an open concept and a layout of rooms that flows for your needs is important. There are things can can put a damper on everyday life. This can include the wrong number of rooms, a kitchen that is too small, or a master bathroom that doesn’t meet your expectations. One of the best benefits of working with the right luxury homes builder is getting the opportunity to look at and choose from different floorplans.

Home Warranties

If you are working with a builder discussing warranties included with your new house is a necessity. Be sure to find out what is covered and for how long. When you are purchasing a new home the last thing you want is paying for out of pocket repairs. Don’t forget to ask about how to reach your builder in the case any issues arise. A warranty is no good if you cannot reach the builder to honor it.

Contact Us Today

If you are looking for the right builder Palo Verde Homes specializing in providing families with luxurious yet affordable homes. We offer custom options and a variety of different floorplans in several areas of town. Contact us today to get started on the house you really want.

The Important Part Affordable Homes Play in the Community

one of the many affordable homes available from Palo Verde HomesHousing impacts your life in many more than simply having a roof over your head. The general rule of thumb regarding how much of your income should be allotted in order for a house to be considered an affordable home is 30 percent. For many families, that is not enough to afford a place to live and they need to spend more than that. An adequate supply of budget friendly residences is essential to community health. This contributes to the community’s health in several ways. The team at Palo Verde Homes offers beautiful and affordable homes to the people of El Paso.

What Affordable Homes Do for the Community

Not only does affordable housing fulfill the basic human need for shelter, it also contributes to the well-being of both parents adults and children. Several studies have shown that children do better in school and are less likely to experience a disruption in their education due to unwanted moves when it is available. Moreover, decent, affordable housing reduces stress, toxins, and infectious diseases. This, in turn, leads to better physical and mental health. Additionally, affordable housing also frees up funds that families can spend on other necessities. For adults, being able to afford a home means reduced stress as they do not have to worry about foreclosure or eviction. They have fewer health problems and reduced absenteeism on the job.

Affordable Homes and the Advancement of Society

Reasonably priced housing creates stability, community, and engagement. Affordable homes are also important to the economic vitality of an area as they can help to attract and retain employees. Affordable housing ensures that working families will remain in your community. They will be able to provide the labor necessary to help the economy grow. In addition, it also encourages working families to settle in your community and provide a growing population of students to keep your local school system healthy and strong. These can be used as selling points and competitive advantage for area employers.

Affordable homes also allow the local workforce to live closer to their jobs. Allowing for shorter commutes makes it so that workers can spend more time with their families. Additionally, it makes it so that the community benefits as there is less traffic congestion, air pollution, and expenditures on roads. When families can are able to remain in your community, they become part of the social fabric and advance the common good. If you are looking for affordable homes in the El Paso area, contact Palo Verde Homes today. We have been building for a decade.