Buying a condominium or townhome in Austin, TX comes with a number of advantages. The primary advantage is that condos and townhomes in Austin generally allow you to buy more home for less money. Because condos and townhomes spread building costs over many residents, they usually sell for 20 to 30 percent less than a comparable detached home with the same amount of livable space.
Condos and townhomes also offer lower maintenance and more convenience than traditional homes. Repair costs are shared by all residents through homeowners' association fees, and you won't have to worry about mowing the lawn or trimming the hedges. Condos also offer amenities such as pools, fitness centers, or tennis courts that individual homeowners often cannot afford.
The condo and townhome market in Austin is extremely vibrant, with many of them reaching a resell in a very short time and reservations are filled quickly when a new project is announced for their construction. The popularity of Austin's condo market is fueled by the city's exciting downtown area where the younger population enjoys easy access to amazing cultural attractions and nightlife instead of living in the outside suburban areas. Austin's townhome market also appeals to many of the city's young, educated and affluent residents who want to invest in Austin's real estate market but who do not want the responsibilities of home ownership.
If you are interested in buying a townhome or condo in the Austin area, please feel free to contact Gay Puckett at any time!