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Looking for an Investment Property? Buy in One of the Austin-Area’s Best School Districts

The first set of district accountability ratings were recently released by the Texas Education Agency. For the first time, rankings were not released on a pass or fail basis but instead by a letter-grade scale of “A” through “F.” This system was developed for two primary reasons: to inform parents about how their schools are performing and to provide information to help school districts and campus leaders.

Why does this matter to you? From an investment stand point, schools are extremely important. Why? Families with children typically search for homes in a great school district. With this in mind, finding an investment property in one of these school districts will not only make your investment property more desirable, but it will likely also increase your rental rate and resale value.

school districts

What school districts rank the best in the Austin-area? Here’s a look at the ratings:

A: Lake Travis ISD (Travis), Eanes ISD (Travis), Round Rock ISD (Williamson), Liberty Hill ISD (Williamson), Dripping Springs ISD (Hays), Wimberley ISD (Hays), Texas Preparatory School (Hays), NYOS Charter School (Travis), University of Texas University Charter (Travis)

B: Austin ISD (Travis), Pflugerville ISD (Travis), Lago Vista ISD (Travis), Leander ISD (Williamson), Georgetown ISD (Williamson), Thrall ISD (Williamson), McDade ISD (Bastrop), Harmony Science Academy (Travis), Cedars International Academy (Travis), Kipp Austin Public Schools Inc (Travis)

C: Taylor ISD (Williamson), Jarrell ISD (Williamson), Hutto ISD (Williamson), Florence ISD (Williamson), San Marcos CISD (Hays), Hays CISD (Hays), Lockhart ISD (Caldwell), Bastop ISD (Bastrop), Elgin ISD (Bastrop), Smithville ISD (Bastrop), Texas Empowerment Academy (Travis)

D: Manor ISD (Travis), Del Valle ISD (Travis), Promesa Public Schools (Travis), Wayside Schools (Travis), Luling ISD (Caldwell)

F: The Excel Center (Travis)

Click here for a detailed look at the rankings.

How are the grades determined? The new A-F system ranks school districts in the following areas:

  • Student Achievement – Measures how much students know and end-of-year performance
  • School Progress – Looks at student performance over time compared with other schools
  • Closing the Gap – Examines how different populations of students are performing in the district

Are you searching for an investment property in one of the “A” school districts? We would be happy to help. Reach out to our team today for guidance.

Two Residential Developments in Georgetown Present Great Investment Opportunities

Georgetown continues to be one of the fastest-growing cities in the Austin area and the nation, with an estimated population of 70,685 as of mid-2017, a 5.4 increase year-over-year. To accommodate the increase in residents, the city of Georgetown is increasing its housing inventory. In fact, the Georgetown City Council recently approved zoning for two new residential developments: one, a new planned unit development called Berry Creek Highlands; and two, a high-density, multifamily development off Wolf Ranch Parkway near I-35. These two new developments present great investment opportunities for those looking to enter the Central Texas real estate landscape.

residential developments

 

Berry Creek Highlands, a massive site on the west side of State Highway 195 near the Sun City neighborhood, is planned as a mixed-use community on 314 acres with around 1,500 residential units. The plan for the development is as follows: 211 acres of single-family residential development, 46 acres for multifamily residential use, including about 16 acres of higher-density multifamily development along SH 195 and 15 acres for commercial use. According to city zoning, the development could also include a new fire station, public parks and the site for a Jarrell Independent School District elementary school.

The second project, rezoned by the Council for a high-density multifamily residential development, is located on a bend in the Wolf Creek Ranch Parkway just north of the Wolf Ranch Town Center and west of I-35. The 13-acre development allows for 24 units per acre. However, the developer thinks the density may be closer to 18 to 20 units per acre, which would total 250 units.

Do you want more information on residential developments in the area? Are you or someone you know interested in investing in the Georgetown area? Now is a great time. Contact our team today for information about the Georgetown real estate market and possible investment opportunities, similar to the two above.

Austin-Area Single- and Multi-Family Projects Present Great Opportunities for Residential Property Investors – Monte Davis

With an increasing population and an increasing demand for housing, Austin-area home builders are building with fervor. Several new single- and multi-family developments are slated for the greater Austin area. Here’s a look at area developments poised to present the best opportunities for residential property investors:

New Community Near Yeti, AMD in South Austin

  • Name: Cayena
  • Location: 5204 Wier Hills Road, less than a mile from Yeti Coolers LLC headquarters and two miles from Advanced Micro Devices Inc. headquarter
  • Details:
    • 41-unit neighborhood and $80 million mixed-use development
    • Two-to three-story homes around 2,200 to 3,500 square feet with prices from the mid-$500s to $800s
    • New sidewalks along Southwest Parkway would allow residents to walk to nearby Lantana Place, an $80 million mixed-use development anchored by a Marriott A/C boutique hotel and the Moviehouse & Eatery dine-in theater.

Mueller Development

  • Location: near Loyola Lane and Ed Bluestein Boulevard
  • Details:
    • 92 single-family homes starting in the mid-$400s
    • 30.5-acre tract previously owned by Austin ISD
    • 25 percent of the homes are reserved for affordable housing
  • Timeline: Expected to be complete by the end of next year

Hutto Developments

First Tract

  • Location: between CR 119 and FM 1660 North, which is east of the State Highway 130 toll road on Hutto’s northern edge
  • Details:
    • Development to include homes, parks and commercial space
    • Around 1,500 residential units
    • 315 acres
    • PUD will also allow pocket parks, a trail system and an approximate two-acre commercial tract at the intersection of the proposed collector roads

Second Tract

  • Location: southeast corner of U.S. Highway 79 and FM 1660
  • Details:
    • High-quality residential housing options and highly accessible recreation space
    • Around 650 village-style single-family homes
    • 167 acres – 50 acres of open space

Cedar Park Developments
Three Points
https://www.mymilestone.com/north-austin-cedar-park/three-points/

  • Location: intersection of Parmer and Brushy Creek
  • Details:
    • 35 acres of residential development and a seven-acre business park
    • 100 housing units
    • Homes starting at $405,990
    • A commercial project on the corner of Parmer and Brushy Creek will be constructed in the future.

Leander Developments

Bar W Ranch

  • Location: southeast of the intersection of Ronald Reagan Blvd. and Hwy 29
  • Details:
    • 34 acres of multifamily residential
    • 120 acres of commercial
    • 182 acres of greenbelt and parkland
    • Construction expected to begin this summer

Leander Junction
https://www.bizjournals.com/austin/news/2018/01/05/plans-for-two-leander-subdivisions-approved-that.html

  • Location: southeastern Leander near the intersection of CR 179 and Ronald Reagan Blvd.
  • Details:
    • 14 acres of multifamily housing and 11 acres of parkland

Leander 61
https://www.bizjournals.com/austin/news/2018/01/05/plans-for-two-leander-subdivisions-approved-that.html

  • Location: intersection of CR 280 and North Bagdad Road
  • Details:
    • 289 single-family lots
    • A commercial lot
    • Around an acre of parkland

Here’s a look at a list of Austin-area residential developments.
https://www.bizjournals.com/austin/subscriber-only/2017/04/14/residential-developments-2017.html

These developments are excellent opportunities for residential property investors who are searching to diversify their portfolio. Reach out to our team today to learn more.