Why You Need To Invest In Austin Real Estate Now

In the Wall Street Journal/Realtor.com’s Emerging Housing Markets Index, Austin won second place. The report looks at the return on investment and the livability of the country’s 300 most populous metro areas. It also looks at the metro’s real estate market like real estate supply and demand and median list price and economic health like unemployment rate and daily commute times. The ratings help identify locations that are good places to invest and where you’ll enjoy living. Here are a few reasons why you should invest in Austin real estate now. 

Businesses Are Relocating to Austin

The Austin Chamber of Commerce has listed about 50 companies expanding in Austin or moving to Austin. Some of them are popular ones like Amazon, Tesla, and FedEx. Apple is continuing to grow with its 1 billion dollar campus. Zoho, a software company, is moving its headquarters to Austin. 

Even without businesses relocating, Austin is home to major employers like Apple, Ascension Seton healthcare headquarters, Cisco Systems, eBay, Facebook, Google, and so many more. 

Austin’s job market is constantly growing and bringing people in as businesses continue to relocate and set roots in Austin. 

Population Is Growing

The U.S. Census found that Austin is one of the fastest-growing major metro areas in the country. According to CBS Austin, our beloved city has also been #1 in population growth for eight years in a row. From that same Austin Chamber of Commerce list, at a minimum, each company creates ten new jobs. Just the Amazon Fulfillment Center in San Marcos is expected to bring in 2,000 jobs! Apple’s new campus is expected to bring in 5,000 jobs. Zoho’s relocation is bringing up to 500 people.  

It’s been estimated that about 100 people move to Austin each day. Austin’s population has doubled every 20 years. Austin’s population is expected to double by 2040 and reach 4.5 million residents. 

Home Prices Are Increasing

Currently, we’re in a seller’s market as inventory in the Austin-Round Rock area reaches 0.4 months, according to the Austin Board of REALTORS® March statistics. A seller’s market works in favor of sellers as they now have the option to accept the best offer. This usually means buyers will try to outbid each other, and the seller will receive multiple offers, most offering over the list price. The median sales price has increased almost 30% to $425,000 compared to March 2020. These prices aren’t stopping anytime soon as supply is still low, and it won’t be changing soon. That’s why you need to invest now; get the best deal now before it’s too late! At TALK property management, we are dedicated to providing you with the best service. And as your real estate agent, I can help you find the smart investment properties that will give you a return on investment. 

 

If you’re ready to start your investing journey with me, contact me today! Reach out to TALK Property Management– We are here to help: (512) 721-1094 or dbrown@talkpropertymanagement.com.

How TALK Property Management Can Help Investors Reach Their Real Estate Goals for 2020

A new decade means new opportunities and new investments to be made. 2020 is the year you can make a big change and see huge results. It’s never too late to add some simple additions to your New Year’s resolutions and set achievable real estate goals to set you up for the next decade. We’re here to help keep you on track and set you up for success!

1. Expand Your Horizons

Just as the times change, so do trends in the market. Investing in real estate allows you to learn so much about a variety of topics and makes you a well-rounded person, but it’s never too late to expand your vision and learn something new. Ask questions about a real estate investment type you’ve never tried, research short-term rentals, or dig into where the next up-and-coming neighborhood will be. If you need help researching, don’t hesitate to give TALK Property Management a call.

2. Focus on Time Management

The more investment properties you have, the larger your scope of responsibilities to take care of your tenants and maintain the property. As your portfolio and the number of properties you invest in grows, it becomes more and more important to build a team you trust to help you spend your time wisely. With TALK Property Management, we help you take care of all the day-to-day duties of owning a property and come with a great team you can always rely on.

3. Stay Informed

You never want to lose touch on how your properties are doing, what the current tax exemptions are, or any coming changes that could affect you. When you partner with TALK Property Management, we always keep you in the loop, and we’re never more than one phone call away to answer all of your questions.

If you’re curious about the services we offer to help anyone investing in real estate, check out our About Us page. We’re here to make sure your real estate investment is a success, so let’s get 2020 started off on the right foot! Give us a call at 512-721-1094.

A Look Back at Austin’s Construction Projects Throughout the 2010s

Since 2010, there have been a ton of new projects and developments springing up throughout the city. With the start of a new decade almost upon us, we thought we’d take a look back at some of the buildings that weren’t around to add to our skyline just a few years ago.

The Austonian
From 2010 – 2018, this was Austin’s tallest building. The Austonian was the true start to showing how important and lucrative high rise residential buildings can be in Downtown Austin. The skyline wouldn’t be the same without the 683 feet condominium tower.

The Independent
In 2019, the Austonian was usurped in height by the Independent, standing at 690 feet, the building became the tallest in Austin and the tallest all-residential building in the United States west of the Mississippi River. The unique design is always brought up in architecture talks for its Jenga-like look.

Robert B. Rowling Hall
The University of Texas campus is beautiful and has a huge impact on the city year after year, but the new graduate business facility is an even bigger fixture. The 497,500 square-foot building connects to the AT&T Conference Center and Hotel.

Northshore
The 424-foot building has 38 stories, 439 apartments, and is a quintessential mixed-use development. The building comes with a private lounge, pool, concierge, and a variety of great amenities.

70 Rainey
The last ten years have brought particular change to the Rainey District. The tallest of the new towers to the historic Rainey Street is 70 Rainey, and it’s sure to be one of many luxury buildings to connect Rainey to the rest of Downtown.

The last decade has brought a variety of changes, and we know the next ten years can really evolve the city dynamic and skyline even more. If you ever have questions about where we see Austin going and what the changes can bring for your investment properties, don’t hesitate to reach out to TALK Property Management at (512) 721-1094.

New Homes in South Austin

The 468-acre plot of land known as Turner’s Crossing will soon be a sprawling community with more than 1,300 single-family homes. The community will also offer a variety of amenities, including pools, playscapes, a splash pad, and a three-mile walking trail. The construction project is an ideal location and just 11 miles south of Downtown Austin.

If you’re thinking that it sounds like a massive project, you’d be right. In fact, Meritage Homes Corp is constructing homes in phases and is even working with other partners to get the project rolling. The first phase is likely to start construction soon and will be in the northern section of Turner’s Crossing, between FM 1327 and SH 45.

Trendmaker Homes Austin has also acquired land in the area, 324 single-family lots, to be exact. The company has set a target open date for June 2021. Taylor Morrison Home Corp. will also be helping out and constructing some new homes within Turner’s Crossing.

With a large demand for affordable single-family homes in Austin, there’s no surprise that several companies are putting in their all to develop the south Austin area, but there’s still a chance for more development groups to get in on the action. Close to 40 acres of Turner’s Crossing will be dedicated to commercial and multifamily projects, but Meritage hasn’t begun negotiations to sell this property to developers.

It will be interesting to watch how this project unfolds and what kind of commercial and multifamily residences will join this massive community. The development of land in Austin solely dedicated to homes priced between $200,000 and $400,000 has been needed for some time.

If you have any questions about the area and what kinds of investment properties may be right for you, give our team a call. We’re happy to talk real estate and what the current developments can mean for Round Rock, Austin, and the surrounding areas.