Hi all, recently moved and looking to buy a modest home in the greater Austin area in the next 6 months. Would love the opinions of you all who have lived in the area.
Priorities in order are:
- Highest potential for property appreciation
- Bang for buck
- Commutability
What research has told me:
- Even with Samsung's office development in Taylor, stay to the west of I-35. All I've heard from locals about being east of 35 is that the property values don't appreciate as well and the infrastructure has not kept up with the new developments out that direction.
- Outside of Austin, Cedar Park is the red hot market to be because of location. That Lakeline mall though… rough and has seen better days. I like the neighborhoods but would have to likely buy an older home built in the 80s/90s since there aren't new developments I'm aware of that are in my budget.
- Love Georgetown, and hearing it's preferred over Liberty Hill by and large. Locals telling me they would put it only behind Cedar Park in terms of growth/property appreciation potential, even moreso than Round Rock. Seriously considering the Wolf Ranch area, or one of the surrounding established neighborhoods. Could afford a nicer neighborhood/home out here than in Cedar Park. Commuting not a huge concern unless I change jobs which is a possibility. I've heard commuting to Austin on 35 is rough but perhaps if I did that I'd leave earlier. Then I hear about 130, but don't necessarily want to take that highway if I'm living west of 35.
- Lakeway beautiful but lots of traffic congestion. Avoid is what I'm hearing.
- North of Austin with higher appreciation and growth potential than South of Austin
Either way, I will probably wait until after the election to buy. Thanks to this board and Redfin, still seems like the majority of homes out here are overpriced on the market at the moment.
What's your take on these areas? What from the research above do you agree with vs refute? Appreciate your perspectives, thanks.
Priorities in order are:
- Highest potential for property appreciation
- Bang for buck
- Commutability
What research has told me:
- Even with Samsung's office development in Taylor, stay to the west of I-35. All I've heard from locals about being east of 35 is that the property values don't appreciate as well and the infrastructure has not kept up with the new developments out that direction.
- Outside of Austin, Cedar Park is the red hot market to be because of location. That Lakeline mall though… rough and has seen better days. I like the neighborhoods but would have to likely buy an older home built in the 80s/90s since there aren't new developments I'm aware of that are in my budget.
- Love Georgetown, and hearing it's preferred over Liberty Hill by and large. Locals telling me they would put it only behind Cedar Park in terms of growth/property appreciation potential, even moreso than Round Rock. Seriously considering the Wolf Ranch area, or one of the surrounding established neighborhoods. Could afford a nicer neighborhood/home out here than in Cedar Park. Commuting not a huge concern unless I change jobs which is a possibility. I've heard commuting to Austin on 35 is rough but perhaps if I did that I'd leave earlier. Then I hear about 130, but don't necessarily want to take that highway if I'm living west of 35.
- Lakeway beautiful but lots of traffic congestion. Avoid is what I'm hearing.
- North of Austin with higher appreciation and growth potential than South of Austin
Either way, I will probably wait until after the election to buy. Thanks to this board and Redfin, still seems like the majority of homes out here are overpriced on the market at the moment.
What's your take on these areas? What from the research above do you agree with vs refute? Appreciate your perspectives, thanks.
