Every neighborhood has its own quirks and idiosyncrasies, Houston’s Museum Park is no different in this regard. In fact, Museum Park probably has a few more than most. Below you will find a list of some important things to know before you list your Museum Park home.
1. Every section of Museum Park is different
You don’t have to drive around long to discover that Museum Park has a lot to offer. From fabulous Hermann Park to the multitude of museums and cultural centers to the convenient light rail line, Museum Park has a lot to offer. Depending on your proximity to these neighborhood treasures can have a big impact on the perceived value of your home. Museum Park homes located near the light rail stop and Museum of Fine Arts might have a greater perception of value than homes that are located near Hwy 59. So as you assess your homes value and engage with a Museum Park neighborhood specialist, make sure that you take note of your proximity to the neighborhoods landmarks.
2. Older homes vs. Newer Homes
Obviously, there is a distinct mix of properties in Museum Park. Construction in this neighborhood began in the 1920s and you can find homes that were built in every decade that proceeded it. In the last 10 years, there has been an extraordinary increase in the level of new construction in the area. For that reason, many homeowners in older homes have questioned the value of their homes with Museum Park home buyers. These homeowners should not assume that their home will inevitable be torn down to make way for townhome communities. Despite the increase in new construction, there is still a healthy market for older construction homes. Especially those properties that have been updated in recent years to fit modern tastes and needs.
3. Who’s buying and why?
Due to its close proximity to the Texas Medical Center and Downtown Houston, Museum Park home buyers tend to be professionals that works in those giant economic centers. Many of these professionals have been priced out of neighborhoods like West University or Southgate, and Museum Park offers an affordable nearby alternative to the Medical Center and Downtown Houston. Furthermore, many emptynesters are looking to downgrade from their large family homes in Bellaire and West University to something smaller like a Museum Park Townhome.