About Frisco's Hidden Cove

As our nation's economy continues to sputter along, many people find themselves wondering where to park their cash. Savings accounts are practically paying consumers to take their cash out of the bank and government bonds seem to be closer to default as each day passes by. Large corporations are continously hit hard from the likes of Bernie Madoff and the like. It just seems like an investor has no safe haven to turn these days.

I am here to argue that real estate can be one of the best investments an investor can make. For those that can place a large amount of money down or pay off the home completely, real estate offers a security that few other investments have. People will ALWAYS need a place to live. When you own the keys to a piece of real estate you have an asset that you can always market to others to generate cash flow. Granted there are carrying costs such as HOA fees and property taxes, but with effective property management and rental pricing, you will be able to guarantee a positive return on your investment year in and year out.

Lets take an example of picking up a decent foreclosure in one of Frisco's great neighborhoods, Hidden Cove. This neighborhood has several opportunities priced below $150,000 with two active listings below $110,000 that are virtually move in ready. HOA dues for the year are roughly $390 per year and property taxes last year were just about $3,400. Add in $600 for insurance and $500 for miscellaneous repairs and you can safely plan on annual carrying costs of about $4,900 or so. Recent rent prices in this neighborhood indicate that the owner should be easily able to get $1,000 a month if not $1,100 for rent. That equates out to $12,000 a year in collected rent thereby giving the owner approximately $7,000 in cash flow after paying taxes, insurance, etc. That equals just over 6.3% return on your initial investment if you paid full listing price.

As years pass, inflation will generate increased rental prices and appreciation on your investment home itself. I always recommend real estates as a long term investment when the economy is unstable as it is now. Granted there will be some years where the home will need significant repairs, but good home warranties and insurance policies will help mitigate these costs. Longer leases and fewer tenant turnovers helps to increase profits as well. Last, but not least, if you are not liking the idea of renting to tenants, you can offer someone owner financing where you can demand a higher price off the bat as well as dictate a slightly higher interest rate than what the current market is offering.

Real estate can be one of the safest, best investments you make. Simply take the time to analyze the market, inspect the property, and DO NOT OVER FINANCE the investments. When compared to the uncertainities of other current investments, I think you will be pleased with your choice in real estate!!!

New construction homes available in Hidden Cove of Frisco, TX

Lennar Homes at has new construction homes for sale at Hidden Cove in Frisco, TX from the $140's-$170's (Nuhome Collection) and from the $180's to $240's (Highland Addition).  The Highland Collection has more options and upgrades than the NuHome Collection (Granite, Stone Elevation, wood flooring, & versatile floorplans available). 

Lennar currently has a Special Bond Program for Teachers, Firefighters, and Police officers.  If you use their lender, they will contribute up to 3% towards the buyer's down payment.  In addition to that, they will pay ALL closing costs AND title policy.

There are many great aspects of living in Hidden Cove:  The community has an amenity center which includes a pool and playground, and splashpad.  The neighborhood belongs to Little Elm school district. With high end builders such as Highland homes, and an Active Adults Community nearby, makes for a solid investment, with higher priced homes going in all around the area. 

The location has easy access to major Freeways (and tollways), including HWY 121, the Dallas North Tollway, and 190.  It is also close the Tollbridge that now goes across Lake Lewisville, for a quick commute to Denton. Pizza Hut Park, Dr. Pepper Ballpark where the Rough Ridgers play, and major shopping are just a short drive away:  Stonebriar Mall, IKEA, and many other retail shops.

Hidden Cove New construction Homes for sale are located within minutes of Lake Lewisville, at a location which encourages picnicking, with the ability to park your boat (boat slips), or keeping your boat in dry storage.  The location is called Hidden Cove Park and Marina. For residents, there is a $75.00 yearly fee which gives you and your family or friends unlimited access to the facility.  You can also rent cabins or camp out with tents!

Lennar Homes are Energy Star Certified.  They come with a 1 year builder's warranty and a 10 year Limited Structural Warranty.

Hidden Cove is close to many local Frisco Golf Courses, including: Frisco Lakes, Tribute, Fazaio, Trails of Frisco, Plantation Golf Club, and Stonebriar Golf Course.

Lennar Homes in Hidden Cove of Frisco is offering New Construction Homes for Sale, which have been deeply discounted, and include many upgrades:

New Construction Homes for Sale:

2 story home for Sale in Hidden Cove, Frisco TX: $203,000

Originally $233,000, this home was previously reduced to $215,000, and is now being offered at only $203,000! This beautiful 2 story home has all of the upgrades, and is on a premium lot.  It backs up to the Corp of Engineers (Wooded area) which will never be developed.  It also has a pond immediately next to the home.  The home consists of 4 Bedrooms, 2.5 Baths with the master down, all other bedrooms up, with a gameroom (up).  It has 2630 square feet.  Upgrades include: Granite counter-tops, wood flooring, and covered patio. This is the Willow Floorplan which you can access on Lennar's website.

1 Story home For Sale in Hidden Cove, Frisco, TX: $199,000

Originally $210,000, Lennar has reduced the price $10,000 to $199,000!  The home has 2011 Square Feet, 4 bedrooms/2 full baths, beautiful granite counter-tops, stone elevation, and wood floors.  The floorplan is called Cedar Elm.

To see all New Construction Homes for Sale within Hidden Cove in Frisco, TX, Click Here.

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