I’m targeting to buy new home in Round Rock area around 500k budget. With prices already doubled, is there scope for home price appreciation in near future (3-5 years)? If I were to go back to my home country, I want to use this as an investment opportunity. How easy is to rent single family homes in this market? #austin #housing
I just moved from Austin. I don’t see much room for growth beyond this year For investment, buy somewhere else, IMO Also, dude. What’s your TC and YoE?
Having lived in Austin then San Antonio since 2018 I can’t disagree with this comment more. There is plenty of room for price growth. Zillow is still forecasting most Austin zip codes to grow around 25% in 2022, compared to around 17% in San Antonio. Where are you basing your argument from? With how many companies who switched HQ to Austin the past couple years, if there is substantial move back to the office in the next year, it’s going to put even more upward pressure on the housing prices.
Agree on growth potential ds451. There are hundreds of people moving here a day while a few dozen new builds are being completed a week. Closing on my new build this month, price when I signed was up 130k from fall 2020, and it's up 20k from when I contracted for itbsummer 2021. It was supposed to be completed in November, but shortages and waves of covid knocking out contractors for weeks at a time are extending times to completion significantly. Coworker contracted his new build November 2020, broke ground June 2021, and is just now moving past drywall. Contracted at $750k, neighbors now going for $1.2m Agent says she's seeing the same. There's an artificial dip rn with folks letting their kids end school years, then spring should pop off again.
I think you can not go much wrong with this area. Even if you stay for few years and later convert it into an investment property, you'll have positive cash flow.
Did you actually do the math? The taxes alone are often more than the rent.
Can someone throw some light on the percentage of taxes? It sounds like 2.4% is the tax. Are there any additional taxes to in upcoming areas?
There is still some room for growth, I don’t see people living beyond cedar park, rr , Leander. Georgetown is fucking middle of nowhere, as well as liberty hill. Buy in CP, Rr or Leander
Most of the new homes in Round Rock are close to hutto border. Not sure how good is that area. Any insights will be helpful
CP is ideal, it’s center to everything. You don’t want to live too far away from the domain. At the end of the day , you will get bored if you live too far away from domain and downtown.
Are there still homes for only 500?
Yes, you can get 2500 sft homes. School ratings will be average though. Almost impossible to find home in top school ratings areas in this crazy market
Location location location
As long as Fed in your back, prices will keep inflating. The day Fed stops buying mortgage based securities, game over.
You may be right about the US market as a whole but the Austin market is growing way above and beyond any baseline effect front the MBS buying.
Most outsiders moving here have no idea about crazy property taxes, super hard water in their taps, redneck conservative white neighbors with open gun carry policies. House prices in west coast is high due to zoning laws , in Texas you can build infinite homes.
Round rock has become Flat rock now. No more exciting.
500k is a lot for round rock and you won’t recoup that if you rent. 350-400 is better.
500k buys you a 2 bed / 1 ba in Round Rock.
“500k is a lot for round rock” If you live in Austin/RR, you clearly aren’t paying attention to the market lol. If you don’t live there, you don’t know what you’re talking about and I don’t know why you bothered to answer.
Buy in Pflugerville (closer to tech ridge/ I 35/ TX 45) and thank me in 5 years.
Buy off of 183 near Tesla for the same reason.
You are spilling our secrets lol. Ok a serious note, pflugerville is as expensive as round rock now
I would consider Whisper Valley, it's a stone's throw away from the new Tesla HQ and it's touted as a zero-carbon green community completely powered by geothermal and solar. Also has Google Fiber and AT&T Fiber. https://www.youtube.com/watch?v=REFXcqFBJJc
The valley is no more a Whisper. Prices are too high and not worth it.
Don’t do this. Primary home is a place to live, not an investment.
I plan to rent it out only when I go back to my home country.