New Homes in Coppell ? Is It Worth Investing ?

$145/sqft in DFW is pretty high and you always need to be very careful with new construction. You never really know what it will resell for and if you have to sell while they are still building out the subdivision you will get hit VERY hard.

I lived in Coppell with my family for about 14 years and enjoyed living there. It sometimes depends on the neighborhood your in but I know of several neighborhoods where neighbors are friends or block parties go on occasionally. There's usually a Christmas parade in December, a 4th of July parade on July 4th, and there's of course a homecoming parade in the fall whenever homecoming is. It's a pretty good community, though with it being a wealthier neighborhood there are a lot of kids at the middle school and high school who drive nicer cars, buy nicer clothes, and have nicer, newer electronics. I know that sometimes it's hard to keep with those kids and there are some drawbacks with that. The community is pretty maxed out as far as land available. Make sure that whereever you move to that you check your school district. When they've drawn the lines for school districts there are some houses on the east side of McArthur that do not go to Coppell schools and there are some homes on the west side of McArthur that are in Valley Ranch that do go to Coppell schools so just double check if you want your kids in the Coppell school district. I know of several homes around my neighborhood that have been up for sale and been bought within 3-4 months even with the economic decline so the housing market in Coppell seems to not be effected greatly. There have been a few foreclosures so you can always look around for something less expensive and more affordable. Most of the homes seem to have kept their value or increased.

The schools are good. There's a lot of competition in the upper grades as far as GPA and AP classes. Graduating classes are large with between 500-700 students and only the top 50-70 kids will make the top 10% and have their pick of Texas schools so there's a lot of competition for those spots. There's a wide range of extracurricular activities including sports, band, art, drama, drill team, cheerleading, etc. The sports teams are mostly good, with some years better than others and also a lot of competition to get on the teams. The band has done pretty well for the last 10+ years. I spent 7 years between middle and high school in the band and it's been ranked as one of the best in Texas. The school taxes are kinda high because the schools are so good so you might want to take that into account.

The neighborhoods are generally pretty safe and the crime rate is fairly low. I've always felt pretty safe in the neighborhood even when getting the mail at night or driving up the house at 2am. I don't know if this helps but I wish you the best in your search!

I live in Coppell and I don't notice the planes at all. We really don't have as many as you would think.

As for value, since I bought my home 10 years ago, my value has gone up $50K even with the drop in home prices. Coppell is an excellent place to live and we are land locked. This means there is very little area remaining for residential building. Our schools are excellent and the people that live here are very neighborly. I love this community!

H.,
Now is a great time to invest in Real Estate! The market may be down (or slow is better description) but that makes it a good time to invest.

Coppell is one of the higher end areas to purchase in the Metroplex, and values have continued to remain strong there as well. There is very little new construction available in Coppell, so that will be a plus for resale as well. As far as the neighborhood, Arbor Manors is really a beautiful community, but does not offer the amenities of many of the newer high end communities. Really though, it's a personal preference.

As far as resale, 10 years is a long time and there is of course no crystal ball. But the DFW Metroplex has consistently remained strong in values give or take small percentages. There are communities that have suffered heavily, but Coppell is not one of them.

YES, you can negotiate with the builder. What used to not be an option has since changed. Normally they structure their deals around options, but I would suggest having an agent that is familiar with new construction help you. I am currently working with David Weekley on a deal in Castle Hills, and in this community they are "giving" a lot. That is not true for all communities however.

Best of luck to you, and if you have any other questions, you can contact me directly.

L. B.
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No one can say what will happen 10 years from now in real estate. The only thing you can know is that Coppell has been a good investment for those who purchased there 10 years ago. Real estate is a risk, just like buying stocks and bonds. So I say don't worry about the resale in 10 years - you have no control over that. What you can control is how happy you're going to be in the house you chose to buy. And another thing - don't get hung up on price per square foot. Did you buy your car by the pound? Your shirt by the square inch? You can't buy anything in Highland Park for $145/sqft. But you can buy anything in Fair Park for less than $50 - but would you want to live there? It's all relative. Consider the whole package when buying real esate.

Wow, that's really high. I'm not sure that a home at $145 a sq. ft should be thought of as an investment. Eventually the allure of Coppell will go away. The trick is will it go away before you sell or after.

I live in Denton, and I can tell you that $145 a ft. for a home in North Texas is crazy! There are so many deals right now. You can get a foreclosure for $50 a foot, and there are tons of very nice homes for $70-$90 a foot. Because of so many choices, and the market continuing to soften, I think buying a lower priced home would be a much better investment. There's not much room to go up from $145 a foot. I know Coppell is a "rich" area, but you can go 15 minutes in any direction and get a better value and equally good quality of living. I'd bet there were some deals out in Coppell too. Good luck!

Not to sound like a know-it-all, but I read an investment article a few days ago that basically told people to stop treating their home as an investiment and just like a home. That in today's economic climate there will not be the same return as in the past, so instead of buying as an investement - buy it as a home you love and can see your family in and not, what can I make if I sell it.
I thought it was a very refreshing article and helped put things in perspective for home buying.

I understand Coppell is a good area. Google the city and read the rates, check out the appraisels to get more info on the homes in the area.

Allen and Plano are both very good as well with good schools.

One thing about the Coppell area is the air traffic constantly over you.

Good luck.