Real Estate Spotlight
Love where you live: 5 expert tips for buying a home in the Austin market
From its humble beginnings as a college town, Austin has developed into a world-class city, a sought after destination for international events and a growing number of residents.
Time after time, Austin is listed by national publications and websites as the best place to live, best place to be outdoors, best place to find a job — the list goes on and on. The city's beautiful hills, lakes, parks and people — coupled with its dynamic entrepreneurial spirit and tech dynasties — make it a desirable place to live, work and own a home.
Austin is voted a top performing real estate market and one of the best cities to buy a home. So how do you corner this market and find your ideal home in such a competitive, highly desired space? Here are five expert tips for buying a home in Austin, whether you’re a native Austinite or newcomer to this Texas oasis.
With Austin traffic, location matters. Choose a location that is close to work and schools, the places you like to go and the things you like to do. Among the many reasons why location is so important is value. If you purchase a home within an established or up-and-coming neighborhood, you will find that your home investment grows over time.
2. Appreciation potential
A vision to repaint, resurface and modernize can add value to the home. No house is perfect, so make a list of your top priorities and focus in on things that are most important to you, as well as what will add value in the long run.
You may love the funky layout of the home, but will anyone else? Bad foundation, history of mold, a busy street or other “major stand out flaws” that can not be fixed hurt resale-ability. You may pay less for a house with these issues, but when it comes time to sell, it could take longer because of the same past problems.
Great, up-and-coming neighborhoods with younger people moving in and fixing things up may not have great schools, which is fine, but if you have kids (or plan to), this matters.
5. Find a real estate agent who you connect with
Home buying is not only a big financial commitment, but also an emotional one. Choose an agent that is highly skilled and a good fit with your personality. Most importantly, you should feel comfortable with your real estate agent, and your agent should know about Austin and the above criteria.
Cindy Fowler is a realtor with Amelia Bullock, focusing on residential sales in the Austin area, helping area homebuyers love where they live. Contact Cindy at 512-773-7381 or via email at firstname.lastname@example.org.