Did you know that Farmers Branch will actually pay you to tear down a home and rebuild?

When you are building a home, an extra $30,000 comes in handy, right? Very handy. That could cover carpet, extra landscaping, or your new decked-out refrigerator.

And $30,000 is about how much the City of Farmers Branch will pay — yes, I said PAY —  homeowners who buy the city’s aged housing stock, tear it down, and build anew through the city’s unique Demo/Rebuild program. The city offers a cash grant that is based on the value of the home you tear down; the grant edges higher for less expensive homes). Farmers Branch will also offer a discount on property taxes for a certain length of time, depending on how much the difference is between the two homes’ property tax appraisal. It’s really a taxpayer’s dream: an incentive program that actually puts taxpayer dollars back into the hands — and homes — of taxpayers. (more…)

Farmers Branch

A Todd Bonneau custom home. Photo: Todd Bonneau Homes

Once upon a time, a decade or two ago, Farmers Branch was a sleepy suburb with older homes, older shopping centers, and older infrastructure. It wasn’t a bad place to live, but it wasn’t exactly topping the charts of vibrant cities in DFW.

The housing stock, in particular, was fraying around the edges and many aging residences needed a total overhaul. But Farmers Branch reached buildout in the 1970s, so if something new was to go in, something old needed to leave.

But then the city woke up. They adopted a forward-thinking, progressive approach, and builders and developers took notice. The city, which already had parks and green space, has started better utilizing those areas for residents and visitors. Shopping centers and other commercial buildings are getting facelifts, partially funded by the city. Dilapidated houses are being torn down on the city’s dime and the empty land sold to encourage better homes with a higher tax base. Multi-family developments are in phased developments to create a work-play-live, walkable atmosphere.

The result? A Renaissance, of sorts, showing up across all sectors of the Farmers Branch community. This suburb is sleepy no more.

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