Ready to Buy a New Home? Here are 5 Questions to Ask Yourself

May 29, 2023

Despite the understandable anxiety of making one of life’s most important purchases - buying a home - it may be time make a move. Why? The opportunities have never been better! This is especially true when communities such as Morningstar DFW, located just west of Fort Worth in Aledo are considered in the decision.


Morningstar has taken the attributes of a master-planned community to the next level! Its location is perfect for families who want the small-town lifestyle, but also want easy access to the employment centers and entertainment of Fort Worth and surrounding cities. The huge list of amenities includes acres of open green spaces filled with native wildflowers, manmade lakes and streams that run throughout the community and surround a sprawling community center. Plus, the amenity center and clubhouse are complete with resort-style pools for kids and adults, cabanas, play yards, splash pad, soccer field, and lakeside entertainment lawns. Residents will enjoy miles of hike and bike trails that wind along creeks lined with large mature trees and natural landscape. 


Mortgage Rates Are Falling Back to Earth


Even the economic forces seem to FINALLY be cooperating with home buyers. 


According to Homebuyer.com, “The first reason why 2023 is an excellent time to buy a house is that mortgage rates are falling back into the 6s and are likely to hold. According to Freddie Mac, 30-year fixed-rate mortgage rates averaged 6.57 percent to open the month and dropped 0.375 percentage points when Congress reached a budget deal. When mortgage rates drop, it’s easier to buy your first home and stay within budget.


“Plus, the Federal Reserve is expected to pause its streak of Fed Funds Rate hikes after ten consecutive increases dating to last year. Raising the Fed Funds Rate combats inflation. The central banker’s pause would suggest inflation is near its end. Although the Federal Reserve does not control mortgage rates a pause would lead rates down. For first-time buyers, interest rates go even lower.”


5 Tips for Buying a New Home 


There are a few tactics that any home buyer, whether they are first-time buyers or someone who has been a homeowner for many years, should consider when beginning the search for a new residence. 


  • Location, Location, Location is critical.


Proximity to employment, shopping, entertainment and (for those with school-age children) great schools should be at the top of a home buyer's checklist. Scoping out these location factors will help keep everyone in the family happy, or at least, less stressed.


  • Is the neighborhood “people friendly?”


Having a safe place to relax, take a walk, take a swim or gaze at the stars in the backyard has become an important criterion for families who are looking for a place to call home. If the neighborhood is arranged in a way that encourages interaction with other families, the quality of life is improved immeasurably. Never underestimate the power of a backyard entertainment space and a phenomenal year-round lifestyle program.


  • Is the space of the home large enough to allow for family growth?


The trend toward multiple generations living in one home is increasing. Plus, when kids graduate from college, they may need to live at their old home until that first job comes along. Accommodating these space demands should be anticipated before buying a home and they are affected by the amount of space a homebuyer can afford for mortgage payments.


  • Building a new construction home vs. buying an existing home


Nothing “feels” better than a newly constructed home. Even the smell is different. The experts at Nerdwallet note, “An existing home generally costs less than buying a new construction home. But if local inventory is low and you have the means, a brand-new home offers enticing options to customize. “Fixer-uppers” or single-family homes in need of updates or repairs, usually sell for less per square foot than move-in-ready homes. However, you may need to budget extra for repairs and remodeling.”


  • Show up at model homes.


With 3D home tours, it’s possible to buy a house, sight unseen, “but it’s always best to visit in person,” according to Nerdwallet. “Open your senses when walking through a home. Listen for noise, pay attention to any odors, and look at the overall condition of the home inside and out. Ask about the type and age of the electrical and plumbing systems and the roof.


Put Morningstar DFW on Your List


For better quality of life, Morningstar checks all the boxes for a great new home. At the very least, it’s worth adding this master-planned community to your “must see” list. The time is right to make that move. Click here and come see why.


Access to Medical Facilities around Morningstar community
31 Jul, 2023
Easy, fast access to quality healthcare ranks among the top priorities for every demographic group, and this factor comes into clearer focus with the rise in popularity of suburban communities which are designed to be tucked away from the noise, traffic and the hustle and bustle of large metropolitan cities.
26 Apr, 2023
Most people understand what it means to have good physical health. By applying a few, well-researched habits - eating a well-balanced diet, getting some regular exercise, and getting a good night’s sleep - most people will enjoy physical health. However, mental health and a sense of well-being are a little more complicated to attain. It may be surprising to some, but the two most important words for feeling better mentally are “me too.” An unknown, but very insightful author once wrote: “Some of the most comforting words in the universe are ‘me too.’ That moment when you find out that your struggle is also someone else’s struggle, that you’re not alone, and that others have been down the same road.” — Unknown This insight strongly supports the very human need of belonging to a “community” in order to have better mental health. Building this feeling of a supportive community has been incorporated in an innovative program of the master-planned community of Morningstar located near Fort Worth in Aledo. The “Lifestyle Program” and planned community events have received rave reviews because they bring residents - of all ages - together as a group of friends. Of course, the amenities of Morningstar are stunning. The amenity center and clubhouse are complete with resort-style pools for kids and adults, cabanas, play yards, outdoor grilling space, and lakeside entertainment lawns. Residents also enjoy miles of hike and bike trails that wind along creeks lined with large mature trees and natural landscape. However, there’s a “secret sauce” that families who live here love. It’s a sense of community. Why a Sense of Community is So Important Having friends and belonging to a group larger than oneself seems to be hardwired in the brains of human beings. According to Happiness.com , “Humans are social beings, and the need to belong is deeply ingrained in our nature. That’s why, since the beginning of time, humans have been drawn to creating their own communities. Today, important communities continue to be formed around different shared interests of characteristics, such as religious or spiritual groups, professional associations, neighborhoods, volunteer groups or sports clubs. “In fact, belonging to a group or community we can identify with helps us develop a stronger sense of personal and collective identity. It can also give a boost to our self-esteem and to our willingness to take on the world and make our dreams happen. But the importance of community goes beyond that. “So, just why is community important? To answer the question, we can look at what happens if we don’t have a community, we can call our own. Since we’re inherently social beings, feeling disconnected from others can deeply affect our self-perception and emotional health. Community is important to us at Morningstar and bringing neighbors together through a variety of events, planning committees, and social groups is at the heart of our team's yearly mission. Neighbors Who Become Friends The on-site Morningstar Lifestyle Director and management team are masters of event planning, and these activities bring the entire community together. Whether it’s a visiting guest who has special insights to share over a cup of coffee, movies on the lawn overlooking the lakes with the family, or a trip to the Fort Worth Cultural District for a day of museums and world class art exhibits, the Lifestyle Program offers something that’s rare in our modern, fast-paced world: interaction with neighbors who become friends. It’s all about the Morningstar community. Learn more about the Morningstar lifestyle and explore our events gallery to see how much fun we are having. If you are looking for a place to really belong, click here and schedule a time to take a look at Morningstar. It could very easily change your life.
28 Mar, 2023
“Out where the smile dwells a little longer. Out where the friendship’s a little truer. That’s where the West begins.” With a little help from “Fort Worth Star-Telegram” publisher, Amon Carter and a Chamber of Commerce that recognized a good city moniker when they heard one, the city adopted the theme:” Where the West Begins” as its very own “brand.” Just a few miles farther west, halfway between Fort Worth and Weatherford, the small community of Aledo was just getting started.
01 Dec, 2021
If we have learned anything from the pandemic, it is that a home is an ultimate shelter from the storm. Whether it involved working from home, entertaining at home, schooling at home, or any other activity that was previously done somewhere else, families have gained a new appreciation for the importance of a quality-built home. Fortunately, these new challenges - demands for health, energy efficiency, and multifunctional floor plans - have been met by innovative builders like Riverside Homebuilders . For those who want to live in Morningstar DFW , west of Fort Worth in Aledo, there is some great news. Riverside Homebuilders is now serving this enormously popular master-planned community. Built on three generations of residential construction, this team is well-known to many Tarrant County residents. Trust Is Everything Quality homes are not built in a week or two. It takes time to plan and execute the build. Because of this, trust must exist between a builder and a homeowner. The president and founder of Riverside Homebuilders, Tim Fleet, notes that "when choosing a builder, you should acquaint yourself with a company that will be investing many months in making sure your home becomes a reality. I've spent my entire life in the homebuilding industry in the Fort Worth area. Growing up in a family business, you start young, learn from the legacy, and see how each generation brings their passion, knowledge, and creativity." "Over the years, I learned that the quality of your team will get you through tough times. We had - and still have - a great team of experienced individuals who are deeply committed to our vision: making our homeowners happy and doing what's right. No builder is perfect. Neither are we, but we try hard every day to make the experience exciting, satisfying, and easy for our customers." "Our customer satisfaction surveys tell us 97% of our homeowners would refer us to others looking to buy a new home. So, we must be doing something right!" Energy Efficiency = Sustainability in a Home The art and science of the residential building industry have come a long way in a short amount of time. Where homeowners once focused their attention on the square footage of a home, they now want design and engineering that are energy-efficient, with a smaller carbon footprint. The experts at Riverside Homebuilders have led the way in this demand for sustainability in a residence for decades. As Time notes, "The average utility cost, impact on your quality of life, and impact on the environment are all very important factors with which discerning homebuyers have become very familiar. Riverside Homebuilders is committed to building homes that are efficient, healthy, and clean. We use the latest technologies, designs, and methods to ensure that you are getting the absolute maximum from your home." "While we aim to reduce the impact on your wallet, we are also focusing on ways to minimize your home's impact on the environment. Each product we use - from construction materials to insulation to appliances - is hand-picked to leave the smallest carbon footprint and pose the least risk to the environment." "We also use local vendors whenever possible not just to improve the local economy, but to reduce the impact of shipping the materials. The health of your community is one of the most valuable assets it has, and we strive to keep it as good as it possibly can be." Put Riverside Homebuilders on Your Short List If your family or friends are thinking of building a "forever home" in Morningstar DFW, take a minute and look at the benefits of hiring one of the most successful builders in the United States. As one of ProBuilder's Housing Giants of 2021 , Riverside Homebuilders should be on your short-list. For more information on referring a friend to Riverside Homebuilders and earning $500, click here .
26 Apr, 2019
It goes without saying that many housing developments and master-planned communities exist throughout North Texas. By and large, they offer the same thing: Locations near employment centers and good schools, quality housing, multiple floor plan selections, and different pricing options. However, to create a truly successful master-planned community - on that residents really like, and, as a result, spread the word to friends and others - depends on value-add attributes. These components, both tangible and intangible, can mean the difference between a fair housing development, and one that succeeds. Morningstar, in Aledo, TX, has successfully parlayed affordability with value-add attributes since selling its first homes in 2016. In 2019, so far, Morningstar has sold 65 homes, due to reasonable pricing, plenty of floor plans, and value-add components. House Hunting and Mortgage Rates The good news is that, despite the Federal Reserve's interest rate increases over the past three years, mortgage rates continue low . The reason is that investors continue struggling to make sense of competing economic commentary. While the narrative continues confounding investors, the lower mortgage rates are good news for house hunters. Affordability has long been an issue for home ownership. A lower cost, when it comes to borrowing money, can help relieve some of the stress. So can offering affordable homes for sale. North Texas' affordable "sweet spot" starts at $250,000, which is the minimum price point offered for Morningstar homes. Even with the lower mortgage rates, homeowners want value for their money. They also buy, based on an MPC's tangible and intangible value-add component. Value-Add: Tangibles Most buyers take for granted that, when they acquire a home, it will come with a yard, as well as plumbing and electricity connections. However, today's homebuyers want more than four walls and acreage. They want on-site entertainment and amenities where children can play, and neighbors can get together. As an example, Morningstar's 700 acres include plenty of green spaces, trails, lakes, and streams. Also on site is an amenity center and clubhouse, which offers resort-style pools for children and adults, as well as cabanas, play yards, catch-and-release ponds, and lakeside lawns for outdoor parties and community events. These amenities, which are, more often than not, found among higher-luxury master-planned communities, provide a competitive advantage and draw for potential homeowners. Such amenities also lead to another important factor in a successful development, that of intangibles. Value-Add:Intangibles In a recent survey, Morningstar learned that the residents really liked the community and especially, the neighbors. The bonds of friendship and neighborliness didn't just happen, however. The Morningstar staff helped push it along, by encouraging resident - and community - hosted events in the amenity space mentioned above. Some of those events include community movie nights, which encourage families to bring a blanket, popcorn, and snacks to the event lawn, and view the film on the big screen. Morningstar also books local musicians and acts, to provide entertainment and fun for the residents. Then there are special events, such as the July 4 community parade, which invites young and old to decorate themselves and their bicycles in our nation's colors, then walk and ride through the development's many streets. All of these activities, as well as those that aren't planned, help create bonds between neighbors while building the community. They are also an important reason why residents like being here, and why they are willing to recommend Morningstar to their friends. Going Beyond the House There is no doubt that housing quality is a primary decision when it comes to homeowner choice. There are, however, many quality master-planned communities throughout North Texas. But, the truly successful development goes beyond providing houses in an ideal location. The developers behind that community should focus on amenities their residents might want, as well as attributes to ensure that neighbors interact with one another. Morningstar has been doing this, with the result being an enthusiastic collection of residents, and new neighbors being added to the mix each day.
19 Mar, 2019
Kim Gill and Tim Fleet, developers of Morningstar, have been developing communities in the Dallas-Fort Worth area since the early 1980s. As such, their experience with homeowner associations, or HOAs, has certainly provided its fair share of the good and bad. But, when they attended their first HOA meeting at Morningstar, "it was the first time we've ever seen clapping in appreciation," Gill commented. The applause wasn't because these two are stand-up guys (though they are), and that they develop quality communities (though they do). Rather, Morningstar, a 732-acre, master-planned community on Aledo, TX's north side, offers affordably priced houses along with amenities typically found in more high-end, master-planned communities. Additionally, "we try to listen to what the residents want," Fleet said, "When we can, we accommodate them." The combination has provided much of what the community has demanded, as well as a happy HOA. The Price Points Gill and Fleet set out in 2015 to build Morningstar with affordability in mind. "From the beginning, our homes were priced between $250,000 - $450,000, which we though was achievable for the average young family," Gill said. Those young families seem to be arriving in droves; Morningstar is selling more than 20 houses a month, on average. The Morningstar homebuilders include Highland Homes, Impression Homes, Rendition Homes, and D.R. Horton. Houses range from 1,800 square feet - 4,000 square feet, from starter homes to those that house growing families, and all are situated on 50 and 60 foot lots. Furthermore, whenever those families decide to sell their Morningstar homes, receive the profit, free and clear. Said Fleet: "They aren't required to give us back 1% of the sales price, which is a hidden cost of sales. We don't see the need for that." The Schools Gill said buyers like Morningstar because of the Aledo Independent School District, which serves families west of Forth Worth. The district offers five elementary schools, a middle school, ninth-grade campus, high school and learning center. It is highly acclaimed; 97% of the children graduate from high school. Furthermore, Aledo ISD is home to Division 5A, award-winning sports teams. Aledo High School tied for fourth in the Class 5A UIL Lone Star Cup Standings in the 2017-2018 school year, which recognizes the most successful schools in the state in academics, fine arts and athletics. The Community Involvement Gill and Fleet made sure they worked hand-in-hand with the city and county agencies and authorities, to ensure Morningstar would mimic the spirit of the western part of the Dallas-Fort Worth Metroplex. The duo also ensured that the site's natural beauty was unimpeded. "We built on existing terrain, and built up retaining walls to maintain the topography." Gill said. "We kept the creek in place, and have planned hike and bike trails throughout the development." And, rather than cutting down the trees to make room for home sites, the development team hired a tree-moving company from Houston to relocate trees from the property's east side to Morningstar's entrance. "We now have 150 large cedar elms built up and down the parkway." Gill said. "This is something the community can be proud of." The Amenities One of Morningstar's value propositions is its on-site resident amenities. In addition to three fully stocked catch-and-release ponds and coming soon, an intricate system of hiking and biking trails leading through spectacular nature, the development offers a full-size soccer field, resort pool and kiddie pool, a multipurpose facility and playscape. Another amenity is an on-site lifestyle, director, who schedules activities and operates as a liaison between the community and the development team. The development team tells the story of how pregnant mothers had approached the lifestyle director with a request to install benches in open areas and public places. "We asked our lifestyle director to order them, and they were delivered, and installed, at once," Gill said. Those amenities have, in turn, led to smaller, cohesive groups of residents, who like being together and spending time with each other. One such group is the Morningstar Moms, which works with the lifestyle director to focus on formal and informal events. "They get together on a regular basis, have board games, Friday night outdoor movies, and other programs," Fleet said. The Results The lure of Morningstar's affordability and education, combined with amenities and community bonding, has led to development of over 500 homes to date. An additional 832 lots are ready for build-out, providing enough growth to meet all future buyers. The development duo regards Morningstar more as a cohesive neighborhood versus master-planned community. "The goal here was to provide something that families could afford, and where they enjoy living," they said. "This is why we worked so hard with the city and county, and continue working hard with the HOA, to maintain the character and lasting value. Kim and I are Fort Worth people and because of that we tend to operate the Fort Worth Way. We care greatly about the happiness of our homeowners today and the value of their investment years from now," said Fleet.
07 Oct, 2018
See full article at Dallas Morning News . On a recent cloud-flecked day, standing on a rise of soil yet to be leveled, Fleet and his partner in the project, Kim Gill, had two vistas.  Their 750-acre development is near U.S. 287, north of Avondale Haslet Road, just beyond the northern reaches of Fort Worth. It straddles three counties: Tarrant, Denton, and Wise. At the horizon, to the south and east, you can see the rooftops of developer Hillwood's huge Alliance Texas project in North Fort Worth.
01 Aug, 2017
Morningstar has sold 125 homes to great families and currently has 180 homes under construction!
By Admin Homes 24 Oct, 2016
Morningstar presents a wide range of home styles and sizes, from perfect starter homes to homes for growing families. We are confident that when you move to Morningstar you won't want to leave!
By Admin Homes 18 May, 2016
Morningstar Construction Progress 5.18.2016 from MorningstarTX on Vimeo.
More Posts
Share by: