Lately, my clients have taken me from Kyle to Dripping Springs to central and south Austin. I have been showing various types of condominium regimes and neighborhoods comprised of fee simple single family homes. Think you can tell a fee simple house from a condo? Think again. The perception is that you can tell a single-family house or duplex from a condo just by looking at it. Truth be told, there is nothing about the style of a house that dictates its classification.
How a house is classified is determined by whether the land the residence sits on is fee-simple or undivided. If the parcel is undivided, then the structure is in a condominium regime which gives owners partial interest in the land. When a residence is fee-simple the owner has owns absolute title to the land and structure. In a condominium regime, you own the space the unit occupies and only own a partial interest in the common land surrounding the property.
Buying a Condo
Condominium regimes can come in garden home, townhouses, single family, duplexes and multi-level designs. Many have backyards, which can make it impossible to tell by looking, how the property is classified. Fee simple properties are available in the same styles, with the exception of towers. Some people don’t want to live in a condominium regime because they feel too restricted in how they can utilize their backyards. Understand, fee-simple home owners still need to abide by city, deed and zoning restrictions. Fee-simple home owners can also be restricted through their home owners associations. Condominium regimes will often let homeowners improve property with patios and other outdoor improvements as long as they get permission first and comply with certain aesthetic guidelines.
Austin Condos for Sale
As Austin grows, land is getting more and more scarce. Developers are getting more creative with condominium regimes which allow for a denser population of housing, along a greater variety of home ownership options for buyers.
Pay Austin a visit if you are planning to move back after living or having vacationed here in the past. Moving back to Austin requires a bit of a refresher course. Austin has changed greatly over the last decade and is continuing to evolve. The skyline alone has expanded quite a bit with skyscrapers now eclipsing one another annually. The landscape, population and job growth within the city have been taking turns outpacing one another for the last 10 years. Growth lends itself to convenience in some ways, adding greater variety in local eateries, retail stores and entertainment venues. The inconvenience comes with the reality that it is going to take you longer to get from point A to point B. Yes, Austin has been experiencing growing pains, and its residents along with it. Continue reading
As we ring in 2020, many buyers have a new house on their list of new year’s wishes. Historically, December 28th and New Year’s Day are two of the busiest days of the year for real estate searches. One of the benefits of looking at homes this time of year, is with school out of session – it’s much easier to get around town. Continue reading
For data lovers out there, here are some numbers to know whether you are moving to Austin or within Austin. The Central Texas real estate market is headed for record-breaking sales this year. November home sales throughout the five-county Metropolitan Statistical Area (MSA) pushed the year-to-date total to 30,561 sales, which is approximately 300 homes shy of last year’s total sales volume.
From the Austin Board of Realtors – Each county experienced a double-digit increase in home sales; the city of Austin slightly rose 4.5% to 670 sales, according to the Austin Board of REALTORS® latest Central Texas Housing Market Report. Continue reading
Before we get into the news, I wanted to take a moment to say I’m thankful for you! Support Local Austin will be hitting 14 years soon, and that would not have happened without your loyalty. I am thankful for your business, friendship, referrals and support over the years. I have helped some families through 3 generations which is an amazing blessing and connection to have.
I wish all of you a very Happy Thanksgiving!
Now onto the news….. Continue reading
The difference between a house and a home is you. The memories, the pictures, the furniture, even the paint color combine to create a unique blend that reflects your own personality and style. Improvements and accessories personalize, improve and/or allow for added functionality that a house may not have had before. Consider them enhancements when it is time to sell an Austin home because they add appeal whether monetary or simply enhance the functionality of a room. Continue reading
Schools are back in session and traffic is back to normal which can be helpful when trying to estimate how long it takes to get from point A to point B. If you are looking for a home in a new area, I always recommend using the navigation app on your smart phone.
Real Time Data
Type the proposed area of your new home to your work address, at the time you leave for work. Reverse the search again at the end of the day. Doing this a few times will help you start tracking drive times to and from the area you are considering moving to. Continue reading