I remember walking the Luna properties while they were under construction. Nice aesthetic, but they hit all my normal sore spots: pricing for transitional neighborhood, area schools, sit next to a potential water hazard. They are worth looking at as an alternative to SOL and Agave if you’re considering properties there.
I have to agree: a property like this in a transitional neighborhood seems to be pricey… I’ve been looking around and for $250s-$300s I could buy a nice property (4br, 3000sqft) in a suburb like Steiner Ranch, or Circle C, or Falcon Head, which are very nice neighborhood. Yes, they are not “modern” nor even remotely close to mid-century modern, but I’m thinking what if I completely redo the interior for a modern look? I’d imagine the renovation would prob. be around $50k-100k but I’m getting a “modern” house in a nice neighborhood. What do you all think? Is this a good/bad move? I know that once everything is said and done the property would be around $400k and might be above the other properties in the area, but if the remodeling is done nicely then should it matter? Any advice/thoughts would be appreciated by this single mom 🙂
Well… that’s the thing: location. I don’t think I want to move to East Austin just because there’s a modern house there. I’m thinking why not remodel in a good neighborhood? At the price range those good suburbs (Steiner Ranch, Circle C, Falcon Head) do offer more bang for the bucks. So I can buy and remodel. Am I on the right track?
you’re on track if you want to live in the suburbs-otherwise central austin will continue to offer more upside appreciation as there is a finite amount of it.
I remember walking the Luna properties while they were under construction. Nice aesthetic, but they hit all my normal sore spots: pricing for transitional neighborhood, area schools, sit next to a potential water hazard. They are worth looking at as an alternative to SOL and Agave if you’re considering properties there.
I have to agree: a property like this in a transitional neighborhood seems to be pricey… I’ve been looking around and for $250s-$300s I could buy a nice property (4br, 3000sqft) in a suburb like Steiner Ranch, or Circle C, or Falcon Head, which are very nice neighborhood. Yes, they are not “modern” nor even remotely close to mid-century modern, but I’m thinking what if I completely redo the interior for a modern look? I’d imagine the renovation would prob. be around $50k-100k but I’m getting a “modern” house in a nice neighborhood. What do you all think? Is this a good/bad move? I know that once everything is said and done the property would be around $400k and might be above the other properties in the area, but if the remodeling is done nicely then should it matter? Any advice/thoughts would be appreciated by this single mom 🙂
location, location, loca……etc….
Well… that’s the thing: location. I don’t think I want to move to East Austin just because there’s a modern house there. I’m thinking why not remodel in a good neighborhood? At the price range those good suburbs (Steiner Ranch, Circle C, Falcon Head) do offer more bang for the bucks. So I can buy and remodel. Am I on the right track?
you’re on track if you want to live in the suburbs-otherwise central austin will continue to offer more upside appreciation as there is a finite amount of it.