When you want to experience life in a different state, you might have considered the delights of Texas. While still a coastal state, you might find that the people and cities here differ greatly from what you are used to. Before you sell up and begin packing, you might want to do your research, so you know some of the basics regarding moving to Texas. This may help you figure out if this move is right for you and your family.

Homes to suit different budgets

At some point, you may want to check what kind of accommodation you can purchase. After a cursory search, it may become clear that the prices for Houston real estate can vary dramatically depending on the style of home you are after. It might be possible to purchase a smaller place for less than $50,000, whereas some of the more upmarket residencies, or estates, could cost tens of millions of dollars. Within a city as large as Houston, it may also be beneficial to consider the district or area where you’d prefer to live, as this might help to narrow your search down considerably. You might also want to factor in where you plan to work, or the schools you may want to send your children to, to allow you to better select an area.

Homeowner Associations

As with many areas across the United States, some properties that you purchase in Texas may have mandatory or voluntary Homeowner Association memberships attached. Should you wish to, or be required to, become a part of these, it can be useful to know how much you might need to pay each month. While an initial price may very well be within your budget, these HOA fees could mean that it isn’t suitable for your income level. Generally, the HOA fees found in Texas can range from approximately $10 to $600 each month. Over the space of a year, this could set you back $120 to $7200.

Employment opportunities

When you wish to move to a different state, you may need to consider how you will manage your finances. While some positions may be conducted remotely, you might find that you have the opportunity to earn more by seeking employment at a Texas-based company. Likewise, it might also not be possible for you to continue in your current role when you have moved away, so this might also mean you need to look for another job. The average salary in Texas, after-tax, is around $66,410 per year. You might, therefore, want to consider where you move to accordingly so that you can still pay bills and afford enjoyments.

Moving to Texas could be something you want to consider, especially when you factor in the wide range of housing options available. Prior to doing so, it can be helpful to figure out your current financial situation, as well as the costs associated with moving and living in a new area.

Ellie Chen

Ellie Chen is a graduate of New York University with a Master’s in Real Estate who has been an expert in property market trends and real estate investment for over 12 years. Her previous roles include working in real estate brokerage and as a property analyst. She has provided insights into real estate marketing, property management, and investment strategies. Her background includes roles in real estate development firms and as an agent. Beyond work, she is a great hiker and a volunteer in housing affordability programs. She is also a passionate urban cyclist and enjoys participating in community development initiatives.

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