Buying a central Austin Fixer Upper

Being a good buyer’s agent is so much about listening and helping people hone in on, not just what they want in a home, but how they want to handle their finances, what sort of lifestyle they want, and what sort of community they want to become a part of. We recently helped a dear friend, architect, and client buy a home in need of some serious TLC in central Austin.

Our client is an architect and had dreamed her whole life about buying a home in Hyde Park. While we LOVE helping people find fixer uppers, our first time homebuyers sometimes have romantic visions of what remodeling a home looks like. We often need to paint a picture of eating fast food everyday, having sinus infections from incessant dust, and dealing with subcontractors who run a month behind schedule. Because this particular client is an architect, she didn’t need warning, and we proceeded to find her the perfect central Austin home (a massive fixer upper with tons of potential).

Buying a fixer upper is all about securing the right home at the right price. Investors like to say, “Make money on the buy.” Even if you plan on owning the home for 20 years, you don’t want to be stuck with a house that got such an overhaul that you price yourself out of the neighborhood. This Hyde Park home is a four bedroom, three bath house on a nice sized lot. After negotiations, we were able to secure the house for about 30% off the original asking price. Combine that with the tax credit, and our client made the perfect investment.

Besides following her on her blog (www.depewredo.com), here is what she had to say about having an Austin realtor who was also a home flipper:

“My experience with JH Residential was overwhelmingly positive. As an architect, I was happy to work with ethical and grounded professionals who were able to guide me through my first home-buying process. When I decided on a “fixer-upper”, Joe’s knowledge of single-family home construction and cost-estimating was an valuable asset to help me make the numbers work. Ultimately, it is my faith in Joe and confidence he’ll complete all and any work correctly the first time that would lead me to recommend him to potential clients.”

Looking for a good investment in Austin? Call JH Residential!

The “Before”…. Stay tuned for the after!