Was in a bit of a discussion with some of my coworkers about upcoming areas that would be favorable for a Teardown and Rebuild on the lot... was curious to see what the gang thought about some good areas?

We kinda narrowed it down to east of White Rock Lake, Farmers Branch and some places in Garland.

I think Farmers Branch seems to have the most potential if you can get a good size 1/4acre lot. If it's $300Kish for the 1950s home plus another $50K for demo - you could really make the cost economics work better instead of the high prices in places like Lakewood or Lake Highlands.

Only cons would be the school district.

Farmers Branch and Carrollton have tear down and tax incentives for owner occupied structures that help the economics also.

https://www.farmersbranchtx.gov/318/Demo-Rebuild-Program

Have not checked prices but would throw in parts of south central and East Plano. Many parts are starting to show their age and could be ripe for some good deals. Schools hit or miss, especially areas that feed into Plano East HS.

My first thought when reading the thread title was Farmers Branch. OP is on it.

Despite the price of land, Lake Highlands is still very popular for tear downs and I expect that trend to continue for a few years. Specifically, White Rock Valley neighborhood that's zoned to White Rock Elementary.

It seems to be that if you can't afford Highland Park, University Park or Preston Hollow, you go to Lake Highlands.

akaggie05 said:

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Have not checked prices but would throw in parts of south central and East Plano. Many parts are starting to show their age and could be ripe for some good deals. Schools hit or miss, especially areas that feed into Plano East HS.

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Much of east Plano has shown its age since the 80's.

akaggie05 said:

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Have not checked prices but would throw in parts of south central and East Plano. Many parts are starting to show their age and could be ripe for some good deals. Schools hit or miss, especially areas that feed into Plano East HS.

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My wife and I live in the Saigling Elementary neighborhood (central Plano) and most of the homes in our neighborhood were built in the late 70's or early 80's. Most of the homes have been well maintained (and many have been renovated), but there a few properties scattered about (mainly owned by elderly residents who can no longer maintain the home, or a few rentals) that could be ripe for teardown. The neighborhood is predominantly single story homes on decent size lots, so there could be opportunities to built two story homes with good size lots if deed restrictions allow. We don't have personal experience, but Saigling seems to have a great reputation and is one of the smallest elementary schools in Plano ISD, giving it a close-knit feel. Portions of the Wells elementary feeder to the north are similar in regards to home age and neighborhood composition.

I grew up in that area and it is interesting to see what will happen. That said, because the citizens in that area have aged, nearby Davis elementary (where I went 40+ years ago) has now been closed and Saigling is where they are sending the kids (the ones that can hear). So guessing it's not the smallest anymore

DannyDuberstein said:

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I grew up in that area and it is interesting to see what will happen. That said, because the citizens in that area have aged, nearby Davis elementary (where I went 40+ years ago) has now been closed and Saigling is where they are sending the kids (the ones that can hear). So guessing it's not the smallest anymore

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The dynamics surrounding the school closures are super interesting. Davis in particular seemed to have a similar close-knit community to Saigling, making the closure especially hard for the neighborhood. The Davis attendance zone was actually split following closure, with students west of Roundrock Trail going to Saigling while students east of Roundrock Trail (along with the deaf program students) going to Harrington. Because of PSHS and Haggard Middle taking up much of the Saigling have of the Davis attendance area, a higher percentage of students likely transitioned to Harrington.

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It seems to be that if you can't afford Highland Park, University Park or Preston Hollow, you go to Lake Highlands.

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They are plenty that can afford those places, but prefer the feel of LH.

Ol Jock 99 said:

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It seems to be that if you can't afford Highland Park, University Park or Preston Hollow, you go to Lake Highlands.

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They are plenty that can afford those places, but prefer the feel of LH.

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And I would say Lakewood would be next in line before LH if they can't afford HP, UP, or PH. Then you have pockets like Bluffview.

Ol Jock 99 said:

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It seems to be that if you can't afford Highland Park, University Park or Preston Hollow, you go to Lake Highlands.

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They are plenty that can afford those places, but prefer the feel of LH. Arlington.

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FIFM

Ooooh… fixed it for me

You might be surprised to learn that on Pennsylvania Ave in sunny south Dallas there are numerous nice-ish new homes priced in the 400s. I don't think I'm moving there anytime soon, but there is apparently a degree of gentrification happening.