Tag: Katy TX Homeownership

Benefits of Homeownership in Katy, TX

Katy TX Real Estate

Katy TX Homeownership Perks

The pandemic has caused a disturbance in our lives and our goals. While Katy real estate market activity slowed down for a bit, it’s picking back up for summer. Home prices are still high, sellers are listing, sales are increasing, and buyers are out and eager, thanks to historically low mortgage rates!

If you have a dream of owning a home in Katy, as your Katy real estate agent, I am here to help make that goal a reality for you this summer. There are so many perks to homeownership, financial and non-financial. Let’s take a look at some of them:

Net worth – Homeownership builds your family’s net worth. Studies find that the median family net worth for all homeowners increased by nearly 15 percent since 2013, while the net worth of renters has declined 9 percent since 2013.

Financial security – It’s easier to have financial security, especially during troubled times, when you own, thanks to equity, value appreciation and set monthly mortgage costs. Your monthly payment won’t suddenly go up if you have a fixed-rate mortgage, unlike rent, and you have the value of your home to fall back on in emergencies.

Pride of ownership – Homeowners feel proud to have a place to call their own. Once you own, you’ll understand how good it feels, especially during uncertain times. It is, after all, part of what is considered the American Dream!

Civic participation – Homeowners are more interested in being involved in their neighborhood and community when they own and have a stake in the location. Homeownership increases a sense of community and increases civic engagement.

Privacy, safety and stability – Homeowners can enjoy a comfortable private space that is all their own, and homeowners tend to feel more safe and secure in their own homes than shared space or rentals. Homeowners tend to stay in one place longer, which makes it easier to get to know your neighbors.

Personal expression – As the owner of a home, you have the ability to make whatever changes you want to your living space, which is a great way to show off personal expression and creativity.

Economic benefits – The benefits of homeownership extend beyond your own front door and community, too. Housing-related expenses account for more than one-sixth of America’s economic activity. Homeownership helps drive GDP growth, as a study shows that every 10 percent increase in total housing market wealth translates to approximately $147 billion in additional consumer spending. Wow! Homeownership is also a forced savings, which provides homeowners with entrepreneurial opportunities. This is all great news for our economy and for individual possibilities.

You can find links to the studies mentioned in this KCM article. When you are ready to buy, sell or both this summer in the Katy real estate market, give me a call! If you have questions about the process, or about current market conditions, give me a call. As your Katy real estate agent, I am always here and ready to help you out in whatever way I can. Let’s make your real estate goals a reality this summer!

Mickie Cioccia | Broker Associate

Mickie C Team
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What to Know About Home Affordability in Katy Right Now

Katy TX Homeownership

Homeownership Perks in Katy TX

Are you hoping to buy a Katy home this year? Do you keep up with real estate headlines and constantly go back and forth about whether you should buy now or put it off? As your Katy real estate agent, I’m here to share the latest news with you, and to ensure you that now is an excellent time to buy!

Between mortgage rates, home price fluctuations and economic recession talk, it’s hard to keep the facts straight. As a Katy homebuyer, the most important factor to look out for is mortgage rates. If you’ve been keeping up with the news, you know that mortgage interest rates are very low right now! For this reason, housing affordability is high for Katy buyers. In fact, now is an even better time to purchase a home than 10 years ago, according to Realtor Magazine. Rates are low, borrowers are more responsible, homeowners are sitting on more equity, median family income has increased, etc. 

There’s been talk that after a year of moderating home prices, home value appreciation may start accelerating again. No one knows for sure when this will happen. While this could raise the cost of homes, that doesn’t mean that it will make home-buying not possible for you. This is a common misconception about home-buying, which this KCM Crew article explains. This is because of low mortgage rates. Rates have dropped a whole percentage point since last year, which actually makes homes more affordable. There are many parts to the equation of home affordability! 

If you already own a home, do you know what your mortgage rate is? A new study found that many homeowners have no idea! This is important information to know while rates are so low, because if your current rate is higher than the rates being offered, now may be the perfect time for you to refinance and save money, or to sell and move up to your dream home!

Once you buy, there are many long-lasting financial benefits of homeownership. This includes tax breaks, including tax deductions on the interest and property tax portion of your mortgage. Hate tax season? Being a homeowner makes it a little easier! Also, when you own, the amount you pay each month is set in stone and won’t go up, which is not true with renting, and eventually, you could pay your mortgage off and not have a housing payment to make at all! Plus, the money you put into owning is yours to keep. It is yours in equity, and yours when you sell. When you rent, you never see that money again. 

As you can see, there are many benefits to owning a Katy home, and many benefits to buying now! If you have questions, or would like to get started on the home-buying process in the Katy real estate market, contact me! As your Katy real estate agent, I am here to make your selling and/or buying goals a reality.

Mickie Cioccia | Broker Associate

Mickie C Team
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Why You Should Own a Home in Katy, TX

Katy Real Estate

Katy Homeownership Benefits

Have you been trying to decide if you should buy a Katy home this summer? You’ve probably heard that mortgage rates are still low, but are starting to creep up, so now is the time to snatch a low rate. Perhaps you’ve also heard that home prices are continuing to increase. If you buy now, you could save a lot of money down the road!

There are plenty of other reasons to buy a Katy home as well, and as your Katy real estate agent, I am here to share some of these with you. Here’s a summary of a list that Realtor Magazine recently shared on why to own rather than rent:

  • Tax Benefits – Did you know that you can deduct your mortgage interest from your taxes, along with property taxes and other miscellaneous costs involved in buying a home?
  • Equity – When you pay rent, you never see that money. When you pay a mortgage, you build equity ownership interest in your home. When you sell, all of the money you put into your home will be yours again, and hopefully more than what you started with!
  • Appreciation – Even with the recent housing crisis we witnessed, home values are still up 7 percent on a cumulative basis over the past 10 years. From 1972 to 2014, homes have increased an average of 5.2 percent each year. Not only do you see your money again when selling, but you see more of it!
  • SavingsOwning a Katy home is like having a hefty savings account. When you sell, you can generally take up to $250,000, or $500,000 as a couple, without owing federal income tax. It’s a great way to plan for retirement!
  • Predictability – With a fixed-rate mortgage, you know that your monthly payments will always remain the same. Once you pay off your mortgage, you’re done! With renting, the price could increase every year, and the payments will never end.
  • Stability – When renting, you most likely will move around a lot. With homeownership in Katy, you can really grow roots in a new neighborhood. Get settled in, build relationships with neighbors and the community, get involved at your children’s schools and really feel at home with where you live.
  • Freedom – You own the home and therefore will never have a landlord telling you what you can and cannot do. You can paint and decorate your interior however you choose, and you can add upgrades whenever you wish. You will reap the reward one day when you go to sell.

As you can see, there are tons of reasons to own a Katy home! But don’t wait too long. Buy now, before prices and mortgage rates go up. As your Katy real estate agent, I’d love to help you out with the home-buying process in the Katy real estate market. Contact me as soon as you’re ready!

Mickie Cioccia
Mickie C and Company Realty
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Katyites | Powered by © Katy Real Estate, Texas Real Estate - use Katyites Real Estate to find real estate in Katy Real Estate or other Texas real estate. Use our home buyer tools to research all aspects of the Katy Real Estate housing market including Katy Real Estate neighborhood information, Katy Real Estate home loans, and Katy schools. Whether looking for homes for sale in Katy Real Estate or Katy Real Estate apartments for rent, Yahoo! Real Estate can help. Our Katy real estate market snapshot gives you an overview of the housing market in Katy Real Estate, TX - easily find Katy Real Estate housing market prices, housing inventory statistics such as number of listings, median home price, home price trends, and monthly real estate market trends. Once you have a better sense for the Katy real estate market, search our Katy Real Estate foreclosures, Katy Real Estate new homes, Katy Real Estate classifieds, Katy Real Estate rentals, or all Katy homes for sale. From the award winning KatyISD school district, to the tremendous value in luxury homes in great family subdivisions like Cinco Ranch, Grand Lakes, Seven Meadows, Green Trails, Kelliwood, Nottingham, Windsor Park, Cross Creek Ranch, and Falcon Ranch, to world class hospitals and medical facilities that have the Katy area being dubbed "Med Center West"

realized they had found the perfect place for their clients to raise a family...and for their clients parents to enjoy the Grandchildren! Katy boasts great Active Senior options like Heritage Grand (a 55+ section of Cinco Ranch) and The Solana at Cinco Ranch, wonderful family amenities like parks, playgrounds, golf courses, lakes, fishing, boating, nature walks, and short drives to the beach and Hill Country. the Katy area is a great place to enjoy the weekend. Simply put Katy has it all! Area Tour" with you and show you why they feel Katy Real Estate is the best place in the Houston area to live, work. and play! You will see schools, great luxury family subdivisions, shopping facilities, highway options, and wonderful restaurants! Cross Creek Ranch: Cross Creek Ranch is the newest Master Planned Community in the Katy Real Estate area but is quickly catching on with those looking for a little slower pace

While still having lots of amenities and wonderful school options. Developed by the same people who brought us Grand Lakes, Cross Creek Ranch has a wide variety of homes and prices. This community is an easy commute to I-10 and the Westpark Tollway. Kelliwood: Kelliwood is a beautiful group of subdivisions off S. Fry Rd. A wide range of homes and home prices can be found here. From Custom Gated sections like LakeForest that are comprised of all estate homes...to smaller patio homes that border the Willow Fork Country Club. The short commute times appeal to a wide range of buyers! Green Trails: Green Trails is a large Master Planned Community that borders I-10, S. Fry Rd, and Baker Rd. It is full of amenities for the family, is close to I-10 and the Houston Energy Corridor, and has a variety of styles and price ranges from small one story homes up to Custom Estates...no matter what you are looking for it will be easy for you to carve out your slice of Green Trails! Silver Ranch: A fairly new master planned community located in area that some folks believe is the best part of all of Katy Real Estate.

Silver Ranch is only a short drive away from Katy Mills Mall and is located in the highly acclaimed Katy Independent School District. The community is approximately 3 miles from both I-10 and the Westpark Tollway. Lavish homes ranging from the $140's to $300's make the community very affordable for growing famililies or empty nesters. Silver Ranch is conveniently located for access to major employers in the energy corridor and has easy entree to South West Houston, Sugarland, West Park Tollway along with numerous park and ride bus lots that have express service to downtown Houston. When this community is completed it will be home to about 1,500 families. Amenities include Six Lane Jr Olympic Pool , Stone Grill Children's Splash Pad, Tennis Court, Playground and Swing Set, Outdoor BBQ Pavilion and numerous Walking Trails.

Seven Meadows: Seven Meadows is a Master Planned Community that was developed by the same people who put Cinco Ranch on the map! It is located right off HWY 99 (the Grand Parkway) with short commutes to both I-10 and the Westpark Tollway. Pools, parks, a movie theater, work out facilities, and nature trails are all part of this great community!


Katy is a city located in Harris, Fort Bend and Waller Counties in the U.S. state of Texas, within the Houston–Sugar Land–Baytown metropolitan area. The population was 11,775 at the 2000 census.

Katy, suburb of Houston, Texas, is named for the Missouri-Kansas-Texas Railroad (commonly referred to as the "K-T Railroad", now a part of Union Pacific) that ran through Katy in the 19th century. Katy was once known as Cane Island. The name is derived from Cane Island Creek which runs just west of downtown. Cane Creek is a branch of Buffalo Bayou. The origins of the name Cane Island are believed to be from the fact that Katy was once a major sugar cane producer and rice producer. To commermorate the importance of rice to the Katy community, the Chamber of Commerce holds the Rice Harvest Festival every second weekend of October.

Katy was recently the location of one of the ten large red balloons in the DARPA Network Challenge on December 5, 2009. The balloon was stationed in Katy Park.

In 2009 the Gadberry Group named Katy as one of nine "9 from 2009" most notable high growth areas in the United States.
After a low income apartment complex was proposed for development in an adjacent unincorporated area, in 2010 the Katy City Council passed a resolution stating that the development would decrease property values.[5] The plans for the complex were canceled.