Austin is a popular area to invest in residential properties. This is because housing prices remain strong. Increasingly, fewer & fewer properties have become available through estate agents in the area. And the number of new homes available was low. Ultimately, the approach of ‘buy low, sell high’ is unfortunately not a reality at the moment within Austin. However, investors do still have options in 2018 to make money. And in this post, we aim to outline some of these.
In 2018, there are a number of suitable properties to invest in around Austin. These include:
Fortunately, these kinds of properties can be discovered all over the area. There is also still demand for the rental market because of high property prices and steady growth. Another sensible option is investing in single family homes. Such homes can be found that are affordable. However, they are more difficult to find. Typically, they can be discovered on the outskirts of Austin. E.g. Leander and Del Valle.
It is also possible to get a good return from renting out single family homes. It is possible to gain a decent return over time. Although in recent years, rents have experienced increases in Austin, this is not expected to continue. So be sure to factor this into your calculations.
In any case, you cannot go wrong with renting in and around Austin in 2018. And you are likely to gain a decent return from this. This is significantly the case, as last year, the area was voted in the top 10 markets to invest in as retail properties.
At the moment, it is clear to see that it is difficult to find suitable investment properties in Austin. This is because generally, property prices remain high in the area, making it difficult to sell and make a profit. Fortunately, there are other options for residential investment around the area in 2018. Good options include multi family complexes and single-family homes, if they are the correct price. In contrast, if you wish to rent, you can gain a decent return from homes in Austin. Ultimately, with the area being voted in the top 10 places to invest, you cannot fail to make a profit, if you choose the correct property.