Inventory is now very substantially above the extreme lows seen in recent years, when inventory in the Austin area fell below 1 month (very extreme imbalance between demand and supply) for a sustained period.Here are the full stats for Austin and the greater metro:Here’s a chart showing the median sales price of a single family home in the City of Austin over the past two years:The median price for a single-family home in May 2024 was down roughly 10% from May 2022, which was the most recent pricing peak in the Austin market.For some context, here’s a chart of the median sales price of a single-family home in Austin over the past 10 years:As you can see, pricing Austin is still substantially above pre-pandemic levels.

Now the minimum standards your basement has to hit for it to be able to count as assessed sqft not estimated is a height of 7 ft, a point of egress (bilco doors) and a window usually in the rear, It's one of those things where if your going to go through the process of digging out a basement you might as well go for it and dig it deeper then 7 and closer to 8 ft so you actually stand out compared to the competition.Now the other side of this coin which I would suggest is if you're willing to spend 40-50k on a basement dig, consider adding a 3rd story addition if your a 2 story (think master suite, walk in closet, master bath) or an addition off the back and add a roof deck if your a 3 story (either master suite or just additional bedroom).

I’m have my first house built in Portsmouth VA and will be renting out two of rooms in a 3 bed 3.5 bath townhome.

Do you want thousands of doors or just a few to build a comfortable retirement down the road?

I added more cabinets in the kitchenI added a handrail to steps in the rearI had new cement poured on sidewalk, porch and drivewayI added new storm doors to all 3 doorsI added new cordless, faux wood blinds throughout home (Home Depot installed)I repainted and repaired detached garage Lessons learned?

For illustration purposes, I purchased two side by side 3- unit buildings, each zoned RSA3 (a single family base zoning district's).

It's a 1/1 with two car garage on a half acre composed of two Tax lots.

Too many people treat agents like butlers and door openers, thinking they are all the same because they have never met a good one.

They usually respond within an hour or two, but I rarely have questions for them. 

I work from home and have a flexible schedule so I have been spending as much time the past two weeks learning as much as I can by watching BiggerPockets on YouTube.