What to know about buying in the Cedar Park, Austin area

Question

I am looking to buy a house to house hack in the Cedar Park/Anderson Mills area of Austin. My budget is tight but the amount of house I would be able to qualify for with an FHA co-singed house is flexible (max 390ish). I was wondering what the pros and cons of that area were for something like this and what I should be looking for or looking out for when it comes to looking at areas and homes in this area.

Thank you! - CM

Neil Narayan · Answer

I would try to keep your purchase under $350k in Cedar Park and you should have no problem leasing as I have had leases that went into multiple offer in that area.

Reid Sullivan · Answer

Are you open to a duplex? When it comes to house hacking, I have seen the most success in either duplex or tri-plex if you are able to find one at a below-market price that already has some equity in it. If you are open to going a little farther north (Leander area) you might have more opportunity for some multi-unit options.

Jim Piety · Answer

I live in Cedar Park. Part of the reason I bought here is the high quality neighborhoods with low crime and good schools. Plus, the new Apple campus will boost values and it's not too far from the Domain. So it's a great spot for those who work in tech. My plan is to lease it out after I renovate some of it.

Jarrod Covey · Answer

Hi @Cory Mortensen - to house hack, you need someone else pitching in on the mortgage whether they are renting a room out or living in a additional dwelling unit. Duplexes and units with more doors open up this opportunity.

What to know about buying in the Cedar Park, Austin area

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