Why Houston’s High-Rises Can Actually Cost Less Than Houses
Posted by Skyrises Team on
In Houston, the high-rise lifestyle is often dismissed as indulgent, a playground for executives or empty nesters sipping rooftop cocktails. But that perception is outdated. Beneath the surface of Houston's skyline, a quiet financial truth is emerging: for many buyers, luxury high-rises can actually cost less to own than traditional houses.
That's right. The city best known for sprawling lawns and two-car garages is producing data points that defy local logic. As Realtor® Kristina Houston explained in her recent market briefing, "When you factor maintenance, insurance, and time, high-rise living can actually cost less."
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1. The Huntingdon
So you’ve decided you’d love to live in a high-rise condo, but those monthly HOA dues might have you scratching your head. What exactly are those dues for? Each high-rise will be a bit different, and the exact coverage can and will vary. If the HOA dues seem high, consider how much you would pay on a single family home to maintain the structure and roof, monitored security, the yard maintenance, pest control and insurance. Then factor in utilities, trash water, etc. and what it would cost to join a gym and have access to a pool. You might find the monthly cost isn’t that much more than you’d pay for a comparably-priced single family home.
LEED is about leadership in green thinking — it’s intended to make buildings more efficient and better for the environment. You’ve probably seen a LEED certification on a building before, or perhaps you’ve seen it advertised in a new condo building that you are considering buying into. You probably already know that LEED means green.