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Factors contributing to the Growth of Real Estate in Plano
By: Neel   |    June 12, 2012   |   0 Comments (0) (0)

The city of Plano in Texas is an ideal location for the burgeoning of real estate business. Often termed as the Dallas Fort Worth (DFW) metro Complex it is positioned within the metropolitan area. The basic things that develop the prospects of real estate in any city are its proximity to offices, schools, colleges, health care services, transportation, safety, and recreation facilities. Plano real estate offers the best of all these and thus has led to its designation as the11th best place to live in the United States by CNN Money magazine.

The city boasts of some of the most famous names in the corporate field which have their headquarters based in this city. Some of these are Alliance Data, Cinemark Theatres, Dell Services, Ericsson, HP Enterprise Service, J. C. Penney, Pizza Hut, Siemens PLM Software and some others.

Plano has also been listed as the highest income place with a population of more than 130,000 in the year 2000. It was also categorized as the most prosperous city with a population above 250,000 in the United States with the lowest poverty rate of 6.3%.

The city also includes around 70 public schools, 16 private schools, two campuses of the Collin County Community College District, and six libraries. Plano schools consistently score among the highest in the nation. The Plano Independent School District is offering services to most of the city. The increase in student enrollment clearly is indicative of the fact that the services offered by them are of good quality.

In comparison to other metropolitan areas in America, Plano offers a moderately low cost of living and reasonable housing facilities and thus given you an opportunity to enjoy a better standard of living.

The exemptions offered in property taxes also have a significant role in making it a leading real estate property. The city provides the residents with a considerable homestead exemption, and thus facilitates Plano to have the lowest tax rate in the DFW metro.

Plano offers a multiplicity of housing options like the single family homes, estates, multi-family properties, town homes, urban centers, and independent and assisted living centers. Records have shown that Dallas and Plano’s homes have appreciated steadily over the past decade and has remained unaffected by the depreciation faced by other market across the country.

Plano is also a renowned center for cultural arts, professional sports, amusement, fine dining, entertainment, music, shopping and night life that is associated with a major City. Apart from this transportation is a major strength of Plano and it has a very good accessibility to air, light rail, public transit and road transportation. Only a 30 minutes stretch from DFW International Airport, Plano and its location within the Central Time Zone, permits business travelers to plan out a same-day departure and return from both the East and West coasts. Its proximity to downtown Dallas also makes it a favored destination.

All these factors greatly help the money invested by realtors in the Plano area to grow manifold. Plano real estate has thus gained a lot of prominence in recent times. 

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