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Updated about 4 years ago on . Most recent reply
New Contruction Austin Suburbs
Hi All!
Hope everyone is having a wonderful day! I had a question that I was hoping some people can chime in on..
I'm looking to buy some single family investment properties in the surrounding Austin areas. I've targeted a few areas but wanted to know some peoples input since I am out of state (I live in NJ). I'm looking to buy a new construction for my first property. Something low maintenance for the first one and once I get a feel for the area and network then I'll look at other things. I've noticed there are some towns where you can get some new builds in the low to mid 200s. I've narrowed them to Kyle, Georgetown, New Braunfels, Jarell.
From what I see New Braunfels and Jarell are a bit too far. I imagine someone who buys something there is not commuting to Austin for work. So I guess it brings it down to Kyle and Georgetown.
I was wondering if anyone has any experience in these towns and can give any input? Is one town better than the other? The purpose here is to buy and hold long term so I am not sure which town has more opportunity for development.
Thanks again everyone for the help! And if anyone needs any help in NJ, I am always here to give my input!
Most Popular Reply
Hi @Vishal Moorjani. Great research on areas. Both suburbs have potential:
Kyle has a decent distribution and manufacturing hub with its location between Austin and San Antonio as well as sitting on the I35 corridor to Dallas / DFW. There have been several development announcements this year about jobs coming to the that area.
Georgetown on the other hand has seen massive expansion especially in the SFH sector. In general, the North side of Austin has seen tremendous growth in past years and the northern suburbs have had a large uptick in home builds, job creation, and subsequently home prices.
I agree with you on New Braunfels, it is still below San Marcos. But Jarrell might start seeing some growth sooner based on interest in the area and again, the rapid expansion on the Northern side.