Quote:
Originally Posted by Chris2000
 ouch!! that hurts
I loved it down there. Nice small town feel, but just outside the city.
New homes and lot of things planned for the future.
The people we've met seem nice.
Whats wrong with it??
chris2000 |
Nothing wrong with it. You're exactly the right type of buyer for Kyle. You want a lot of home for your money, you want a nice new home, you don't mind being a bit outside Austin, you're proud of your neighborhood.
The next step though is to be active and involved in your neighborhood and protect your property value. Join the HOA Board, be a neighborhood activist. Pressure the builders to not sell to too many investors. Help the builder find more good buyers/neighbors, the kind who will have a "stakeholder" mentality, like you.
The potential downside of some of the newer, emerging areas is that they skip the "Growth" and "Stability" stages of the neighborhood life cycle and go straight to the "Decline" stage. There are ample examples of this surrounding Austin. Neighborhoods barely 3 to 5 years old, over sold to first time buyers (who never should have qualified to be buyers) and investors.
So, be happy about your deal but know also that you need to be proactive and protect your investment, which may require some effort on your part until the area reaches maturity/stability.
Steve
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