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Updated about 4 years ago on . Most recent reply

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Parth Patel
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Single Family Investment Home in Manor/Leander/Liberty Hill

Parth Patel
Posted

I am looking for investment properties in greater Austin Area.  I have narrowed down 3 areas:

> Manor, Tx (Location is across HWY 290/130)

> North Leander, Tx (Location around Larkspur Blvd or intersection 183&29, Specifically Orchard ridge(Lennar) and larkspur milestone communities along the border of Leander and liberty )

> Liberty Hill, Tx (In proximity of Bill burden Elementary or Liberty hill elementary school)

I would like to get honest feedback and comparison about the 3 Areas in terms of the following:

1. School districts 

Which one has better rating and programs? (Leander ISD, Liberty Hill ISD or Manor ISD? )

Where do I check which schools will my property fall in? I do not want to rely on mls listings(zillow, redfin etc.)

Also any tips on how to find out about the true school ratings? (Or possibly list of good elementary and middle schools in the above 3 areas ?

2. Appreciation of the property

If I am looking to invest for 7-8 years, which areas would be best considering the ongoing development? Based on my research so far, a lot of things are happening in Leander(north Leander) but I donit want to assume things and get an expert opinion :)

Where can i get more details about the project Northline. The following website talks about a lot of upcoming things but what are the chance of this being a reality? (https://northlineleander.com/our-community/)

3. Likelihood of rentals

Any insights on the rental data for these cities? I understand spring/summer being the best time to rent how long does it usually take for rentals in fall season?

In general, I am looking for 4 bed 2+ baths investment single family home in a master plan community with good elementry and middle schools. But should I not look at the bigger ones if the price difference is not substantial ?

Being a little specific, How likely it is to rent out a 4bd 2+ bath (1900sq feet) Vs a 5bd3bath(2500+ sq feet) considering the monthly rental for both ~1750$ and ~1950$ respectively.

4. Neighborhood

Insight on Neighborhood in terms of access to daily stuff, parks, healthy surroundings, crime etc will also be helpful.

Thanks in advance for thoughts :) ;)

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