Fort Worth

What’s The GOOD News?

Good News1

June 20, 2017

Toyota2

Toyota Plano – Starting May 15, 2017, the first wave of Toyota employees — mostly in facilities and information systems management — began working in the new 2 million square foot North American headquarters in Plano.  By December 11, 2017, about 4,000 Toyota employees will work in the 100-acre development.   The company plans to move in employees in waves of about 250, with a peak of about 350 during the summer. Construction is expected to officially end in October and the project is reported to have remained on schedule.

Forbes1Forbes 2017 Global 2000 List – The Forbes 2017 Global 2000 list of the world’s largest public companies was released in late May.  The list features public companies from 58 countries that together account for $35.3 trillion in revenue, $2.5 trillion in profit, $169.1 trillion of assets, and have a combined market value of $48.8 trillion. All four metrics are up from the 2016 ranking, with market capitalization up 10% from last year. Industrial & Commercial Bank of China and China Construction Bank are the #1 and #2 largest public companies in the world, with the top five rounded out by three American financial institutions: Berkshire Hathaway, JPMorgan Chase and Wells Fargo.

AT&T has leapfrogged Exxon Mobil in Forbes’ 2017 Global 2000 list, taking over the perch as the largest public company in Texas.  The Dallas telecom giant moved up a spot to 11th in this year’s edition of the rankings, with Exxon dropping down to 13th from 9th in 2016.  Japanese automaker Toyota Motor comes in at the 10th spot on the list. Round Forbes4Rock-based Dell Technologies Inc. landed at No. 608 overall and No. 14 in Texas on Forbes’ list.  Dell has been privately owned since a 2013 buyout led by CEO and founder Michael Dell, but it has a tracking stock listed on the New York Stock Exchange under the ticker “DVMT.”  Overall, the U.S. earns 565 of the top 2,000 spots, with China grabbing 263 and Japan taking 229.   The three countries account for more than half the list.

 DFW1DFW International Airport – More than 18 million passengers are expected to travel through Dallas Fort Worth International Airport during the 2017 summer travel period — a projected increase of 3.5% over last year.   More than 65 million customers pass through DFW Airport every year, making it one of the most frequently visited super hub airports in the world. The airlines serving the DFW offer a total of 163 domestic and 55 international nonstop destinations worldwide, including new DFW2nonstop routes to Rome and Amsterdam.  DFW Airport plans to spend $400 million on infrastructure, including an August 2017 start date for a new north entry cellphone lot, a better baggage handling system at Terminal B, passenger boarding bridges and more employee parking over the next few years.

TreeHouse – Home improvement retailer TreeHouse, which opened in TreeHouse4Dallas Friday June 2nd, is the world’s first retail store to produce more energy than it uses. A Tesla power pack battery wall stores harvested solar energy to redistribute when needed, and to put excess back into the grid. All of its plants are native species and watered from harvested rainwater. The store uses daylight as much as possible, and cools by using Big Ass fans.

The Austin-based home improvement store sells products that fall into 3 categories: Performance – meaning energy efficient merchandise,EKO_symbol_cmyk windows, roofing, insulation; Design including paint, flooring, cabinetry, lighting; Landscaping including decking, irrigation, gardening.  Many products come from recycled materials, are free of toxins, are more sustainable or integrate automation for ease.  Inside the store, customers will also experience a live kitchen with local chefs demonstrating smart-home appliances, and two to three classes each week on topics like native landscaping.  The location is at the northeast corner of Interstate 75 & Walnut Hill Lane. The store will span 25,000 square foot, including 5,000 to 10,000 square feet for an outdoor landscaping section.  TreeHouse has also announced it will open a second North Texas location this fall at the corner of Preston Road and Park Boulevard in Plano, adjacent to a Whole Foods.

EpicWaters1New Epic Waters Waterpark – A new Dallas-Fort Worth Waterpark is set to make an EPIC Splash! The city of Grand Prairie announces their new $75M recreational facility that is slated to open in November of this year.  Epic Waters indoor waterpark is an indoor-outdoor venue with a retractable roof that’s open year round.

EpicWaters3The park will have nine water slides, including an outdoor wave pool, a lazy river, an activity pool, a children’s area, and an arcade. There will be cabanas, a full-service grill/bar, and private party/meeting areas, both indoor and outdoor. It’s part of The Epic recreation center, which will feature fitness equipment, indoor tracks, a digital library, and recording studio. The complex will also have a 5,000-seat amphitheater, and more than two miles of trails. Epic is the final phase of the 172 acre Grand Central recreational development.

Information provided by Keller Williams Dallas Metro North. Call us today for assistance with your real estate needs!

Keller Williams Dallas Metro North remains a strong presence in the Metroplex!

Newest data indicates that Keller Williams Dallas Metro North remains a strong presence in the Dallas/Fort Worth real estate market!

Slide1In May 2017, Area 41, Keller Williams Dallas Metro North (KW-DMN) closed more than twice as many units as the next closest brokerage firm.

Area 41 = the communities of Argyle, Bartonville, Copper Canyon, Corinth, Double Oak, Flower Mound, Hickory Creek, Highland Village, Lake Dallas, Lewisville, Shady Shores and parts of Hebron and Northlake.

 

Slide2Similarly, YTD 2017 data for Area 41 clearly demonstrates that Keller Williams Dallas Metro North (KW-DMN) closed more than double the units of their nearest competitor!

Area 41 = the communities of Argyle, Bartonville, Copper Canyon, Corinth, Double Oak, Flower Mound, Hickory Creek, Highland Village, Lake Dallas, Lewisville, Shady Shores and parts of Hebron and Northlake.

 

Slide3In May 2017, Keller Williams Dallas Metro North (KW-DMN) ranked 5th in closed units for the D/FW four-county area (Collin, Denton, Dallas and Tarrant Counties). Also notable – Keller Williams brokerage firms are a strong presence in the area, holding the top eight positions for closed units in the Metroplex!

 

slide4YTD 2017 figures indicate another strong showing by Keller Williams Dallas Metro North (KW-DMN), ranking 5th in the D/FW four-county area (Collin, Denton, Dallas and Tarrant Counties) for closed units. 8 of the top 10 Metroplex brokerage firms for Closed Unit Data belong to Keller Williams brokerage offices!

 

Slide5Keller Williams Dallas Metro North (DMN) improved to 5 fewer days on market for YTD 2017 when compared to 2016.

Furthermore, our listings are selling 16 days faster than the area MLS listings, an improvement over 2016 figures by 3 days!

Area 41 = the communities of Argyle, Bartonville, Copper Canyon, Corinth, Double Oak, Flower Mound, Hickory Creek, Highland Village, Lake Dallas, Lewisville, Shady Shores and parts of Hebron and Northlake.
It’s highly beneficial to have a professional, knowledgeable, local real estate agent by your side! Contact Keller Williams Dallas Metro North today for your real estate needs!

6 Surefire Signs It’s Time to Sell Your Home

shutterstock_563839786Most people don’t plan on living in their first (or second or maybe even third) home forever, but knowing when the time is right to put that baby on the market can be tricky.

In fact, it can feel kind of like breaking up with a longtime boyfriend or girlfriend. Deep down, you knew you wouldn’t be with that person forever—but ending things can be way easier said than done.

Sometimes life changes force the issue: There’s little reason for self-doubt or trauma-level angst if you’re relocating to another state or you know your newborn twins won’t fit in your one-bedroom bungalow. But without a pressing reason staring you in the face, it can be hard to know when you’ve outgrown your home.

So how do you know when it’s the right time to let go?

1. You’re feeling cramped, and you can’t add on

Your family might not be growing, but that doesn’t mean your lifestyle still fits in your current house.

If you’ve started working from home, for example, or you’ve adopted an extended family of indoor cats—or maybe you’ve just never gotten over your dream of having a sewing room—your house might be too small.

But before you jump to conclusions, see if paring down your possessions works to free up some space.

Another option might be to finish an attic or basement, add another room, or even add a whole story to your home. But, of course, that won’t work for everyone.

“If your property isn’t large enough or your municipality doesn’t allow it, moving to a bigger home may be your best option,” says Will Featherstone, founder of Featherstone & Co. of Keller Williams Excellence in Baltimore.

To decide which route to take, check your local building laws and get estimates from two or three contractors. It also wouldn’t hurt to check with your Realtor®. Sometimes adding on won’t increase the value of a home, and you don’t want to make big-time improvements that will bring only a small-time return on your investment.

2. You have too much space

mature coupleOn the other hand, perhaps you’re feeling overwhelmed by vacant rooms and silence. (Hello, empty nesters!)

“In this case, it no longer makes sense to have, say, four bedrooms and a basement,” Featherstone says.

Saying goodbye to a family home can be difficult, but you should consider how feasible it is to stay. If yardwork and house upkeep are getting to be a little too much, or soaring utility bills are cramping your style, it might make more sense to move.

3. You’re over the neighborhood

Maybe you can no longer deal with the rigid rules of your Homeowners Association, or perhaps your neighbors turned their house into a rental for frat guys. Whatever the reason, neighborhood dynamics can change dramatically over time.

And sometimes, you can change. Maybe the 40-minute commute to work didn’t seem like such a big deal the first few years, but now you’re dreading it every day. Or your kids are getting older, which can be a big problem if you’re not in the right location.

“If you can’t afford a private school system, you are limited to one school for your children,” Featherstone says. “Moving may be a benefit to your child’s education.”

4. Remodeling won’t offer a return on your investment

Giving your kitchen or bathroom a face-lift can make your house feel like new again, shutterstock_378127240 (1)which might be all you need to decide you want to stay put for years. But that doesn’t mean it’s a financially sound decision.

“Before making significant improvements, you should really study the neighborhood and know the highest price point of your neighborhood,” Featherstone says.

If your home is already similar in style and condition of some of the priciest homes in the neighborhood, remodeling might be a bad idea, and you should consider selling instead.

5. You can afford to sell

Sure, you’re going to make money when you actually sell your house, but as the adage goes, it takes money to make money. So seller beware: You probably won’t be sitting around and waiting for the dollars to roll in.

“Before you consider selling, you should have the funds available to prepare your home for sale,” Featherstone says.

Most sellers need to make some minor improvements such as painting, landscaping, or updating flooring to get a good price on their home. Those costs will come out of your pocket at first, so it’s a good idea to have a cushion before you start.

6. You’re ready to compete

If you’re living in a seller’s market, you might be enticed to offload your home before things cool off. But don’t forget—once you sell, you’ll probably be a buyer, too.

“If your market is hot, your home may sell quickly and for top dollar, but keep in mind the home you buy also will be more expensive,” Featherstone says.

If you’re going to get out there, you should make sure you’re ready to compete.

By Angela Colley; reprinted from realtor.com

It’s highly beneficial to have a professional, knowledgeable, local Real Estate Agent by your side! Call Keller Williams Dallas Metro North today for all your real estate needs!

4 Strategies to Make a New City Feel Like Home

Moving to a new city? You may find these tips from Real Simple Magazine helpful.Moving - 1Many big changes follow graduation day—including the overwhelming task of moving, often to a new, unfamiliar city. If you’ve recently settled in a brand new place, or you plan to move any day now, this week’s episode of “Adulthood Made Easy” is for you: Host Sam Zabell interviews Terri White, editor of Time Out New York, on how to take advantage of everything a city has to offer. Here, a few of White’s strategies for feeling a little less lost.

One last thing … “WELCOME to Texas!!!”
area - texas welcome

Good News – May 2017

business - growth 5Nationally, homeowners saw 24% average return in 1st Q. 2017 – Homeowners who sold in the first three months of this year saw an average price gain of $44,000 from purchase, according to a report from Attom Data Solutions released April 27, 2017. That represents a 24% return on the purchase price – the highest gain since third quarter 2007.  Nationwide, the median home price was $225,000 during the first quarter of 2017, the report stated, up 13% from a year ago. Homes in more expensive markets have seen the highest average price gains so far this year, the report found. Sellers in San Jose, California, saw an average price gain of $356,500 (71% return on investment), followed by those in San Francisco with a gain of $276,750 (65% return on investment).  The Austin-Round Rock, Texas market is the only Texas market that shows up on the Top 20 metro areas where home sellers are making the most money when selling their homes, with an average return on investment of 39% and an average price gain of $81,795…..and that puts them at the #19 spot on the list.   

shutterstock_389597869Noble Gold Investments opens IRA depository in Dallas – Delaware and New York no longer have a monopoly on storing gold and precious metals for IRAs. This month, Noble Gold Investments opened an IRA depository in Dallas, the first of its kind in this region of the country.  Charles Thorngren, CEO of Noble Gold, said they will store everything from bullions to coins and platinum to palladium at the high-security facility. He could not disclose the  location, only that it is in Dallas.

And yes, they are storing the physical metal. Like any asset, gold prices do fluctuate from day-to-day based on economic conditions and demand. On May 12, spot prices for gold were at $1,226 an ounce.  Noble Gold stores the precious metals for a flat $300 annual fee.

Plano Water TowerAltice USA Inc. expansion to bring 400 jobs to area – International telecommunications firm Altice USA Inc. has decided to expand its presence in North Texas with a new 79,000 square feet office in Plano. The company already has an office in Plano, and this new office, which they expect to occupy by the 3rd quarter of this year, will bring 400 relocated or new jobs to the city.  The company provides internet, video and phone services throughout the country with 4.9 million residential and business customers in 21 states.  Altice has expanded its 1 Gigabit per second broadband services in Texas to about 85 communities in the state and has announced a five-year plan to build a next generation fiber optic network capable of delivering speeds of up to 10 Gbps.   

Innovative Design of Connex Office Park will Use Shipping Containers as Construction Material – Construction has begun on an office park made entirely of shutterstock_554962666shipping containers, which, once started, will deliver a new office and retail option to tenants near downtown Fort Worth.  The three-story office park, called Connex Fort Worth, will sit on a tract at 1201 Evans Ave. and is being developed with the help of 40 shipping containers.  The Connex office park is slated for completion by the end of October.  Upon completion, the Connex office park will bring a zero energy building powered with the help of solar power and wind turbine trees atop the roof of the structure.   

Grand Opening of Kubota Tractor Headquarters in Grapevine – Early April marked the grand opening of the Kubota Tractor headquarters campus in Grapevine, completingshutterstock_322361249 a 2 year building process.  The new facility includes the headquarters building and an adjacent 62,000 square foot research and development building, an outdoor water garden, and a large employee lounge and food service area.  The facilities already have about 280 employees working there, with 2017 employment expected to reach 340 jobs created. The new Grapevine campus is built to ultimately house as many as 600 workers, and has already brought a payroll of $25 million annually to our area. The completion of the $50 million campus for Kubota Tractor Corp in Grapevine has pushed the vertical limit of tilt-wall construction, with its tallest concrete panel coming in at 82 ft 11 in.  In the past, tilt-wall construction has been reserved for mainly industrial buildings, but as technology has evolved — so has the use of tilt-wall construction — and it has fully transferred into the construction of office buildings.  The building appears to be four-stories tall instead of its actual three story height and has 20-foot floor-to-floor heights. A 300-ton crane was used to erect the concrete walls.

Spring Cleaning Tips to Save on Energy Costs

shutterstock_108074963Spring cleaning can do more than clear out your closets; it can also lower your energy expenditure, keeping more of your hard-earned dollars in the bank.

Gentec Services recommends five things homeowners can do during spring cleaning to save money:

Clean or change heating and air conditioning filters regularly. A dirty filter will slow down air flow and make the system work harder to keep you warm. Residential heating and cooling systems can account for over 50 percent of the energy costs in the average home. A properly maintained system can be 30 to 40 percent more efficient than one that is not properly taken care of.

Use low-flow faucets and shower heads to save on water bills. Replacing older water fixtures with low-flowing ones is a relatively low-cost and quick way for your home to conserve water and save money. For maximum water efficiency, select a shower head with a flow rate of less than 2.5 gallons per minute.

Reduce water heater temperature to 130 degrees Fahrenheit to save energy and money on heating water. It’s also a good practice to wrap the water storage tank in a specially-designed, insulated thermal blanket to retain the heat.

Install a programmable thermostat to save up to 10 percent on cooling and heatingshutterstock_275257520 costs. The percentage of savings from setback is greater for buildings in milder climates than for those in more severe climates. Although thermostats can be adjusted manually, programmable thermostats will avoid any discomfort by returning temperatures to normal before you wake or return home.

Install a security alarm system. By setting an alarm system to “arm” upon leaving the home, this event can command lights to turn off. Additionally, when you cross a predetermined “Geo Fence” (set by the homeowner) the physical location of the homeowner’s phone can easily turn off lights, lamps, plugs and appliances as well. It’s always good practice to turn off electronics whenever possible. A power strip can help turn off multiple items at once. In addition to turning off lights manually, you may want to consider using sensors, timers and other automatic lighting controls.

Is Home Flipping for You?

Luann 1While you may think that home flipping went the way of the dinosaurs after the real estate bust, flips actually rose 3.1 percent from 2015 to 2016, with gross profits averaging $62,624, according to research from ATTOM Data Solutions.

Home flipping enjoyed a boost last year thanks to low inventory in many areas of the country and an infusion of foreign and domestic capital, says ATTOM, who reported that roughly 6 percent of condo and single-family home sales in 2016 were flips – the highest share in three years.

Hot markets in California – like San Jose, San Diego, and San Francisco – along with cities such as Baltimore, Md., Boston, Mass., New York, N.Y. and Seattle, Wash. earned more than $100,000 in profits. The most flipping took place Florida and Tennessee, where it comprised 11.7 percent of all sales in Memphis, Tenn.

Are you ready to get into the flipping game? Consider these pros and cons:

Pro: Home flipping can be very lucrative, earning you a sizable sum of money within a very short period of time.

Con: Conversely, when a flip becomes a “flop,” you can lose money. This can happen when unexpected expenses for home repairs or taxes arise, or when holding costs accrue from paying the mortgage and other expenses for a longer than anticipated period of time.

Pro: Home flipping is a great learning experience and will sharpen your skills on all things real estate, including construction, related finances and the local market.

Con: The process can be very stressful. There will be bumps along the way and there is always a risk involved, so make sure you’re ready for the roller coaster ride.

If you’d like more detailed real estate information about your market, please contact Anne Lakusta, Keller Williams Dallas Metro North, at 972-874-1905.