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Updated almost 5 years ago on . Most recent reply

Christian Moreno's profile image
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Christian Moreno
  • from Austin, Texas
  • Member since Apr 16, 2018
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Christian Moreno's profile image
Christian Moreno's profile image
Christian Moreno
  • from Austin, Texas
  • Member since Apr 16, 2018
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Christian Moreno
  • Austin, TX
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Land & New Construction

Start construction on ADU or wait

Christian Moreno
  • Austin, TX
Posted

I have a property in Austin holly neighborhood. It's zoned for ADU to be built A & B unit style. I have the funds to start construction but I'm wondering if I should wait until the RE market stabilizes. There hasn't been strong signs of the Austin market being affected. I've done 2 rehab projects, but this will be my first new construction project. Should I hold off or start now?

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Jordan Moorhead's profile image
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Jordan Moorhead
  • Real Estate Agent
  • from Austin, TX
  • Member since Jun 19, 2015
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Jordan Moorhead's profile image
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Jordan Moorhead
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  • from Austin, TX
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Jordan Moorhead
  • Real Estate Agent
  • Austin, TX
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Jordan Moorhead
  • Real Estate Agent
  • Austin, TX
Replied

@Christian Moreno why wait? Prices of construction probably aren't going to change and the value of your property will certainly go up with an ADU. I would go for it.

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