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Home buying tips needed in Austin area

Discussion in 'Texas' started by PeterS, Feb 6, 2006.

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  1. PeterS

    PeterS Five Time F1 World Champ
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    Jan 24, 2003
    52,043
    Goodyear, AZ
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    PeterS
    #1 PeterS, Feb 6, 2006
    I will be visiting Austin for the first time in 3-5 weeks to look for a rental house. I would like to see what I could get for $150K - $175K in a 3 Bdrm house AND in what area of the town that is nice.

    My understanding is that Austin is BOOMING and that a purchase could double in 5-7 years. I would buy the house and rent it to my neice that lives there.

    Thanks in advance!!

    PeterS
     
  2. iamthesimpleone

    iamthesimpleone Formula 3

    Aug 23, 2005
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    austin, tx
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    Ben
    #2 iamthesimpleone, Feb 6, 2006
    Look into the circle c subdivision (mls area 10), fairly new homes, and less than 15 minutes from downtown. don't really think you could double your money in 7 years though. if you want to do that, i'd look into getting a place a little north of koening lane, between burnet and lamar. (mls 2) There are a lot of people rehabing houses, and turning a nice profit.

    www.austinhomesearch.com is a good place for mls listings.

    Ben
     
  3. TexasMike

    TexasMike F1 World Champ

    Feb 17, 2005
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    Michael C
    #3 TexasMike, Feb 6, 2006
    I'll try to see what I can find.
    It would be cool to meet you while you are in town. Let me know if you have time to have a beer together or something.
     
  4. TexasMike

    TexasMike F1 World Champ

    Feb 17, 2005
    10,485
    Austin, Texas
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    Michael C
    #4 TexasMike, Feb 6, 2006
    You might be able to find a smaller home in Circle C for that price range. My aunt's house in Circle C was $255,000 and it's a 2 story with 5 bedrooms, I think.
    It is a good neighborhood to look for that price range.
     
  5. Poweredbyme91

    Poweredbyme91 Formula Junior

    Dec 9, 2004
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    Hector Silva
    #5 Poweredbyme91, Feb 6, 2006
    My uncle is selling his condo off 12th street and Castle Hills. Very nice place with 2 bedrooms and a view that faces the Capital. I THINK he bought it for $250k and he's now selling it for $300K. Downtown area is very nice and convenient; i think traffic is heavy though.
     
  6. MrScarface

    MrScarface Formula 3
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    Aug 8, 2005
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    Austin
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    Adam
    #6 MrScarface, Feb 6, 2006
    I don't think Austin is THAT booming. I'm trying to move to the Barton Creek area here in the next two months.
     

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