Home Buying in 78730>Question Details

kekrygier, Other/Just Looking in Leander, TX

looking to move to the Hill Country trouble finding a home with a couple of acres, built after 2006, w/ pool >$550 Is building a better option

Asked by kekrygier, Leander, TX Tue Apr 30, 2013

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While finding a home you like seems to be a challenge, building a new home, including one with a pool, is going to have the lowest possible return of your available options.

Many people enter into a new home purchase thinking they have no intention of selling at any time in the near future, and that at some point the market will make up for the short term loss of buying a new home. But that perspective is short sighted. Remember, a new home is going to drop in value, all things being equal, by 15% or more the day you turn the key, relative to a similar investment in a resale home under the same circumstances.

Can you make money on a new home purchase? Sure, but you will always make more money on a resale purchase, for a similar home in the same neighborhood, PERIOD!

One might say "I'm buying a home, and not making an investment, as long as I can sell the home for more money at some point in the future, why should I care?". Quite simply, because we're talking about what is likely the largest single purchase you will ever make. To say one is not concerned about making an investment decision, when buying a home, is, frankly, ridiculous, especially when the base premise of buying a home is only financially supported by the home increasing in value over time.

Take way the increase in value over time for a home purchase and you have no reason to buy one in the first place. Thus, you must look at the purchase as an investment, and you need to compare the investment value of a new home to a resale.

That's not to say you shouldn't buy a new home, but if you do, the 15% loss better be worth it for some very valid personal reasons.

If you need help making the right choice, feel free to contact me at your convenience.

Jeffrey Schnabel
Broker | Partner | Keller Williams
1 vote Thank Flag Link Tue Apr 30, 2013
I specialize in the hill country west of Austin. If you are still in need of help, don't hesitate to call or email. If you would like to learn more about the area, set up searches, and save properties, please visit my website http://www.RealEstatebyRyanSmith.com

If you would prefer to build, my brokerage sells a significant amount of residential lots. Let me know what your goals are and I will help you achieve them.

Ryan Smith
Essex Properties

0 votes Thank Flag Link Tue May 7, 2013
You did say over $550K, correct? Here's a few good ones under and over $550K:

nearly two acres but private and wooded, with pool,

over 4 acres, country style home with great views, price leaves room to build a better pool. Not sure your style, so I'll include a few different ones.

My personal favorite because of the views for sunrise and sunset:
You'll have to add a pool though, but might be able to negotiate towards that direction

OVER $550K:
over 4 acres, 2006 home, with pool, Panormaic views!

over2 acres, 2011, with pool AND GUEST HOUSE!

You can contact me direct via phone or email and I can ask you a few questions to better understand exactly what you're looking for.
Many pocket-listings (homes for sales that never hit the market) come my way, so if I know exactly what you're looking for, I can send you the ones that meet your needs.

Please contact me direct through my website or phone
0 votes Thank Flag Link Wed May 1, 2013
In my opinion, the biggest question to answer is how strict the location of this home needs to be.
Many areas just don't have 2 acre lots. As someone who wanted to have a larger "lot" we settled in the Dripping Springs area. In general, we have a low percentage of homes with pools available. Building a new custom home is a costly proposition as is having a pool built. I can think of a handful of homes that fit what you've mentioned (very limited information). Please contact me directly.
Text ~ Email ~ Call ~ 512-709-6343 ~ bill@teamprice.com
0 votes Thank Flag Link Wed May 1, 2013

While you would have to be patient with either option(both building and finding the right home takes time), both options are possible.

I would be happy to discuss your goals and objectives without obligation.

Please feel free to contact me anytime.

Steve Nusinow
0 votes Thank Flag Link Wed May 1, 2013
Hi Kekrygier,
I can help, please email me at roya@royarealty.com with your contact information, then I can call you to discuss with you the options you have. Do you own a house? or you are renting?

Thanks, Roya
0 votes Thank Flag Link Tue Apr 30, 2013
Hi Kekrygier!

Building is a wonderful option but before you decide, weigh all the options and speak in depth about your goals with an agent.

Here are a few I've been watching, http://actris.fusionmls.com/DotNet/Pub/EmailView.aspx?r=4777…

Please let me know if I can help with any other questions! Have a great night.

Michelle Adams,
Real Estate Consultant
Ultima Real Estate
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0 votes Thank Flag Link Tue Apr 30, 2013
I can help with either choice. Would love to be your REALTOR!
0 votes Thank Flag Link Tue Apr 30, 2013
If you'd like, I'd be happy to check around and see what I can find and give you my opinion. Just let me know if you'd like some help and I will see what I can find. I have a great network of other top Realtors, so I may be able to find something that might not be listed publicly, etc. Let me know if you would like some assistance.

Joe Jarusinsky, Realtor/Master Instructor, Keller Williams Realty, Austin's #1 Real Estate Company, Ranked #1 by Buyers and Sellers (JD Power & Assoc. 2012) Call 512-261-4415
0 votes Thank Flag Link Tue Apr 30, 2013
Acreage and/or new build in this area can be hard to find, how large of a lot are you looking for? If newer build is high priority, building may be the better option. Many of the older homes in this area have been updated though.
0 votes Thank Flag Link Tue Apr 30, 2013
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