how do you feel about living in a house right next to a multi-family apartment complex? (McKinney: condo, low crime)

[unknown00]

just wanted to get some people's thoughts...

the amount of "urban" development going on is absurd. we've all seen the major suburbs announcing these initiatives. i see city site plans and tons more multi-family apartments are popping up, and most are all congested right next single-family neighborhoods. some don't even include retail
when i say "living right next to", i mean 5min or less walk, basically seems like it's in your neighborhood

what are everyone's thoughts on this?

better yet, is anyone in this situation right now? if yes, how do you feel about it?

//EDIT:
suburbs - i'm talking specifically frisco/mckinney/allen/plano/etc as that's my focus
generic apartments, not high rises, typically 3 levels max
pic below for reference, imagine you are living in one of the "single family detached" and are stuck next to all this lower level type housing

[LeagleEagleDFW]

Need more information. Is it in the city proper, or suburbs? Is it a high-end condo / apartment, or general generic apartments? multi family in the city is to be expected (and a good chunk of my practice, so bring it on!), and if it's a high-end build, I wouldn't object to it. In the suburbs, not so much.

[unknown00]

Originally Posted by LeagleEagleDFW

Need more information. Is it in the city proper, or suburbs? Is it a high-end condo / apartment, or general generic apartments? multi family in the city is to be expected (and a good chunk of my practice, so bring it on!), and if it's a high-end build, I wouldn't object to it. In the suburbs, not so much.

suburbs - i'm talking specifically frisco/mckinney/allen/plano/etc as that's my focus
generic apartments, not high rises, typically 3 levels max

[LeagleEagleDFW]

I would not be a fan. At all. I like my property values, and that tends to be negatively affected by apartments in close proximity.

[HP48G]

I wouldn't be very concerned. It's just the evolution of the suburb. Many of the apartments being built now aren't cheap since they're targeting professionals. Many places are designed for singles and childless couples and have lower availability of two and three bedroom units. Most are midrises with AC in the hallways and underground or separate covered parking buildings and not the typical cheap garden style with an ocean of asphalt around for parking.

Increased land values in these suburbs in certain locations (corners next to busy intersections, busy commercial corridors, next to decaying strip malls) encourage this type of development and it can bring lots of new money to the city.

[ChristieP]

Apartments deteriorate a lot faster than single family houses. So, 20 years from now, a single family neighborhood may have even gotten better, but the apartment complex has gotten much worse.

When we looked for houses, we specifically avoided anything that was within 2 streets of an apartment complex. The houses that back up to the apartments were always about $10k less than the rest of the neighborhood.

[BigDGeek]

Originally Posted by LeagleEagleDFW

I would not be a fan. At all. I like my property values, and that tends to be negatively affected by apartments in close proximity.

Agree 100%.

[Aceraceae]

Not interested in living next to multi family while living in the suburbs.

[BigDGeek]

Originally Posted by Aceraceae

Not interested in living next to multi family while living in the suburbs.

Yeah; we move to the suburbs to get away from that!

[MckinneyOwnr]

The only way multifamily housing really works here in our suburbs is if you have a "buffer" zone around the complex. For example, if you put the retail, restaurants, parks, and other mixed use stuff around the complex, and put the apartments in the middle. That way, the single family homes on the outside are next to retail or parks (could be viewed as a good thing by a lot of people) and you have to drive past all that to get to the apartments in the middle, so you don't even see them.

For those living in the apartments, you have a very walkable, urban style location, while still being smack dab in the middle of the suburbs with all the benefits that entails, like low crime and good schools.

McKinney did a great job of this from what I saw while living there, the apartment complexes in the nicer areas of town were kept secluded and had a buffer of retail or in some cases, creeks/greenbelts.