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Old 12-31-2014, 12:24 PM
 
11 posts, read 23,189 times
Reputation: 16

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Does anyone know about the new surge home condominiums in Houston? I am a single young professional and wanting to live in Midtown/inner loop. Houston New Home Developer and Builder. If you go to view floor plan/pricing and enter a email you can see the pictures/prices. The preview pictures look really nice but they also seem pricey. They are selling 1br/1ba condos for 625 sqft at $213,000. This is $340/sqft/ They stated that these prices are only available to the VIP buyers and the prices will go up to the general public. They also stated that these condos are in 18 month development stage and wont be ready for move in until Fall 2016. The hoa fees seem low at less than 200 a month compared to other condos in inner loop. I would think they are a little low because they are brand new and the fees will go up in the future. The unit also comes with all modern features such as european cabinets, wooden floors etc. The only caveat is you have to buy all the appliances. The price I am quoting is for a property at 4100 Main 77002. Is this something that would be a good buy to sale/rent out in the future? I am afraid of paying alot for a condo in which I will not be able to breakeven or sale more than purchase price Just wanted anyone's opinion on this, that is familiar with the Houston real estate market.

Last edited by ab08ttu; 12-31-2014 at 12:36 PM..
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Old 12-31-2014, 12:31 PM
 
739 posts, read 2,135,895 times
Reputation: 362
As a previous condo owner, I would not purchase a condo today. Be careful of the HOA fees, the amount can double or triple in the next few years.
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Old 12-31-2014, 12:50 PM
 
Location: San Antonio, TX
1,297 posts, read 3,100,368 times
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hmmm. to me it seems like an average price. just to give you an idea, there are older 1970s 1BR updated condos selling in the galleria area from 115-135. so for an extra 80k to live closer DT and newer its a fair price.

i dont know a great deal about condos as id like but id be weary how low those HOA's may be down the road. the nice newer condos always seem to have high HOA's.

to buy and sell later down the road, i dont think its a good investment. with so many condos/townhomes being built prices will flatten out. prices wont increase so much like this past summer.

to live in a bit and maybe rent out later, its prob a reasonable buy as long as those HOA's dont skyrocket.
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Old 12-31-2014, 01:35 PM
 
Location: Westbury
556 posts, read 1,086,479 times
Reputation: 464
tried to look at the plans but they demanded my email. Screw that noise.
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Old 12-31-2014, 01:52 PM
 
11 posts, read 23,189 times
Reputation: 16
You just need to enter any email. You do not have to give your actual email. Here are some attachments.
Attached Thumbnails
New condominiums in Houston-4001-main-st_page_01.jpg   New condominiums in Houston-4001-main-st_page_02.jpg   New condominiums in Houston-4001-main-st_page_03.jpg   New condominiums in Houston-4001-main-st_page_04.jpg   New condominiums in Houston-4001-main-st_page_05.jpg  

New condominiums in Houston-4001-main-st_page_06.jpg   New condominiums in Houston-4001-main-st_page_07.jpg  
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Old 12-31-2014, 02:37 PM
 
Location: Westbury
556 posts, read 1,086,479 times
Reputation: 464
thanks for attaching.

I just have a general distaste for websites that hold back basic info.
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Old 12-31-2014, 09:29 PM
 
675 posts, read 1,453,378 times
Reputation: 733
How much would it cost to reserve the right to purchase one of these condos?
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Old 01-01-2015, 05:31 PM
 
11 posts, read 23,189 times
Reputation: 16
It cost $2000 goes towards purchase and it's refundable. It's so you can lock in top preference and get VIP prices which they say is alot lower than the price when on the market .
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Old 01-01-2015, 07:41 PM
 
914 posts, read 1,832,919 times
Reputation: 588
They are about to build a Surge townhouse development across the street from my office in Upper Kirby. I agree with diggity101 on web sited that withhold info. I wanted to see what the units would look like and cost, but I was unable to get very much information from the website. i do not want a salesman hounding me.
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