Buying a new construction home in Austin
I've heard a lot of advice against buying new construction builder homes, but in the hyper competitive state of the Austin real estate market I was wondering if this conventional advice still stands? It seems like a "If you build it, they will come" type of environment around here.
I've been looking at the Agave neighborhood in far east Austin by the 183 and Walter Long Metropolitan Park and love the idea of a newly built, modern home that is a lot more affordable (base price, I don't know how much they charge for certain finishes) than most older houses closer to the city that would need renovations and are smaller.
It seems like a risky investment because the neighborhood is new and who knows if that area will appreciate. But the more I think about it the more I feel like I said the same thing about Mueller a while back and now that's exploded in value! Especially with the Tesla gigafactory and other planned developments east can you really go wrong investing anywhere in Austin?