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Updated over 4 years ago on . Most recent reply

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Dave Kay
  • New to Real Estate
7
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23
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Austin Suburbs for House Hacking - Kyle vs. Leander

Dave Kay
  • New to Real Estate
Posted

Hi all, 

As I continue my search for my first house with which to house-hack, I'm leaning more towards the suburbs as opposed to in the city (I think the % rent to price is probably better per room in the suburbs - although I'm open to other opinions). I'm thinking about Kyle and Leander primarily, but am also asking about the broader North Austin and South Austin markets. 

I'm more familiar with South Austin, as I used to work in San Marcos. I feel like Kyle seems like an up-and-coming family, suburb type area. I think that's a good sign, as long term I might rent to a family.

However, it seems like North Austin has better schools. I'm not sure if that's a sign showing that area will attract more families, and/or more people in general? I'm hearing the Domain is where a lot of jobs are coming to, and that's in North Austin I believe?

I'd love to find a multi-family still, but it doesn't seem I can find a good deal on one, so I'm considering house hacking in a SFR. Would love to hear your thoughts on the two markets, and am happy to hear any other thoughts as well. Thanks!

P.S. Zoning restrictions seem like 4 unrelated adults are the max that can live in one residence in many cities in this area. This makes Multi-family that much more appealing, but again, still very hard to find. But it makes me reconsider a 6 bed house, and instead target a 4 bed. 

Most Popular Reply

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1,306
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1,228
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Ryan Kelly
  • Real Estate Broker
  • Austin, TX
1,228
Votes |
1,306
Posts
Ryan Kelly
  • Real Estate Broker
  • Austin, TX
Replied

@Dave Kay First of all, house-hacking is one of the best strategies to get into the Austin market right now. There is a lot to consider in your decision beyond price. Leander and Kyle are two completely different towns with different attractions for residents. The Domain is in central north Austin, and while Leander is closer to it than Kyle, it is still approximately 30 minutes away. Where do YOU want to live? That would be my #1 recommendation for your search. House-hacking will also give you an opportunity to get closer into the city versus the outskirts as roommates can help lower your overall housing costs. I've had several client's house hack this year if you want more details.

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Ryan Kelly Group - Keller Williams
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