THE RENOVATION REVOLUTION

When the coin was flipped in the last decade, and apartment building owners wanted to cash in their chips by converting their units to condominiums and selling them off instead of leasing them out, the home-improvement industry was one of the boom’s biggest beneficiaries. This was especially true in pedestrian-friendly downtown Dallas, where a thriving arts district gave way to a renovation revolution wherein many old buildings were made into popular lofts.

WHERE THE MONEY WENT

Now that the condo craze has given way back to apartment rentals in Dallas, prospective tenants find themselves pleasantly surprised by the choices they find. With so much home-equity cash inflating the bubble, apartments were done up in style, using the latest materials and modern technological features. Everyone seemed to be trying to one-up each other – new appliances, heated garages, central vacuum!

NO LONGER OUT OF REACH

Healthy competition, though, has kept the Dallas apartment market holding at steady rates. Amenities that were once reserved for the homeowner class are now starting to seem commonplace to renters who are either just starting out in life or who just know the value of renting an apartment instead of paying off a mortgage.
Dallas may be the only city in which one can find apartments in so many different locations, with so many different options, all in much the same affordable price range. Like a superconductor, the Dallas market continues to recharge itself, drawing in and keeping a forward-leaning population.

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