Buying in Preston Hollow: Property and Due-Diligence Considerations

Start with the lot and the survey

Because land is a significant share of value, the survey is the most important document you will read early. It shows boundaries, building lines, easements, encroachments and the location of improvements.

• Confirm lot dimensions and how the shape affects usable area.
• Identify utility, drainage and access easements and what they prohibit.
• Check for encroachments — fences, drives, structures — in either direction.
• Note building lines and setbacks, which govern any addition or rebuild.
• Verify whether an existing survey is acceptable to the title company and lender or a new one is required.

Deed restrictions and zoning

Recorded deed restrictions can govern lot coverage, height, materials, accessory structures and use. They exist independently of city zoning and can be more restrictive than it. Some parcels also sit within planned development districts with their own standards.

If your plan involves an addition, a pool, an accessory structure or a rebuild, confirm both the recorded restrictions and the municipal rules before your option period ends. Feasibility questions are far cheaper to answer before closing.

Inspection scope on larger properties

Larger homes take longer to inspect and carry more systems. Budget both time and money accordingly, and expect the general inspection to generate specialist referrals.

• Foundation evaluation, ideally by a structural engineer on larger or previously repaired homes.
• Multiple HVAC systems: age, capacity, zoning and duct condition for each.
• Roof: material, age, penetrations, flashing and drainage, plus insurance implications.
• Sewer line scoping and, on older properties, review of plumbing material.
• Pool and spa equipment, safety features and any deferred maintenance.
• Outbuildings, guest quarters and any structure with its own systems.
• Irrigation, landscape lighting and drainage infrastructure.

Drainage, grading and trees

When a neighboring lot is rebuilt, grading and drainage patterns can change. Evaluate how water moves across the property and where it goes, particularly if adjacent construction is recent or ongoing.

Mature trees are an asset and a maintenance obligation. Check health and proximity to foundations, sewer lines and structures, and confirm tree preservation requirements before assuming removal is permitted.

Utilities and service questions

On larger or older parcels, confirm whether the property is on city sewer or septic and city water or a well, and confirm the condition and permitting status of any private system. Also verify electrical service capacity, gas service and internet availability, since these vary more than buyers expect.

How value is assessed here

With such a wide range of home sizes and ages, comparable selection is nuanced. An appraiser or agent must weigh land value, finished square footage, build quality, era, and whether a buyer pool would treat the property as a residence to keep, renovate or replace.

Any value discussion is an opinion based on available data and is not an appraisal. For lending, tax, legal or estate purposes, engage a licensed appraiser.