It’s no secret the housing market is tough, especially in Austin and especially for first-time homebuyers. One solution is renovating existing housing stock. There are still deals to be had in the resale market in Austin if you know where to look. Finding a fixer upper can get you on the housing ladder and into a home built for you.
The location of a home is the biggest factor in the value of a home, and that is especially true in Austin. Finding a home in need of a little TLC in a desirable neighborhood is a great way to build equity quickly.
The age and condition of a home will be a major factor in determining if it should be renovated. A home in good condition in need of a cosmetic update, a few more square feet, or both is the perfect candidate for remodeling.
What you can build is determined in large part by city code, trees and any covenants restricting the property. We are adept at maximizing the buildable square footage of a property and have years of experience performing due diligence to ensure a successful project.
If you’re in need of financing, we have relationships with multiple lenders that can offer both products and advice on financing renovation projects. There are several options for financing the purchase of a property, remodeling – and both at once.
There are cookie cutter production homes at entry-level price points, but they come with a lot of of serious problems.
Renovating an existing home solves a lot of these problems. You don’t need to wonder if a home that’s stood for 100 years is built to last.
If you already have an agent helping you find the right home, we are happy to work with them to offer our advice as a builder on prospective homes. Getting a builder involved early avoids a multitude of problems later and having a good agent will ensure you get the best home at the best price, leaving you more money for your remodel.
As a full-service brokerage and an established builder, we can help you find a great home in the perfect neighborhood that has everything you need to accomplish your dream home within your budget and timeline. Our years of experience in Austin in both realty and construction give you the best of both worlds to get your project off the ground faster.
Whether working with your own agent or with NH2 as your agent, we will begin exploring potential homes and outlining your program with a Preconstruction Services Contract. We will work with you to develop a plan that accomplishes the most of what you want for your timeline and budget – your program – and find properties that can accommodate your program.
Let’s explore your options
If you’re considering selling your home soon, you could be leaving money on the table by not doing these renovations first. The equity gained can often offset or even negate the cost. As a spec builder, Newcastle Homes knows what is important to buyers and what sells. We can put those skills to work for you, to determine the improvements that can get you the most bang for your buck when you put your home on the market.
There are circumstances, particularly in Austin, where tearing down and rebuilding makes sense. As a 20+ year Austin infill builder, Newcastle Homes is expert at determining the condition, possibilities and market value of a property. We can help you decide the best route to achieve the home you want.
