New Construction Homes Set the Bar
There is an interesting phenomenon happening in Lake LBJ Real Estate and that involves new construction homes currently being built. A quick drive around Lake LBJ will quickly prove that many property owners are tearing down old fishing cabins on the lake and replacing them with new construction homes. Many of these homes are of a more contemporary nature, larger in size and frankly just more expensive to build. I find it hard to believe that any of these new homes are being built for less than $200-$250/ft and I have heard that homes by well known San Antonio architecture firm, Lake Flato are costing upwards of $450/ft not including land costs.
What I find interesting is that many of these homes are being built at costs that far exceed what the current or previous markets have ever bore in terms of value. These homes are setting new records for their community and ultimately raising the bar for the future Lake LBJ Real Estate market.
With such a scarce amount of actual property on Lake LBJ and a even more scarce number of GREAT properties I believe the market will have to catch up. The majority of these home owners own these properties as second and third homes and these people are wealthy telling me its highly unlikely they will sell for less than what they have invested when the time comes.
- Invest in Great Waterfront – These are the properties that are being torn down because their land value is higher than the cost of the property with the old house on it
- Resale homes may not be as expensive as you think. Many of these homes can be purchased for below replacement cost. When the bar is raised these properties will see great appreication
- Hire the Expert! – when buying Lake LBJ Real Estate you need a trusted professional that knows the lake and understands the market. A experienced broker will lead you in the right direction and help you make a sound investment
- Step Outside Your Comfort Zone – Be open to new areas and look at properties you might have originally thought you wouldn’t want to see. You never know whats hiding around the corner
If you or someone you know is in the market for Lake LBJ Real Estate I strongly encourage you to pick up the phone and give me a call at (512) 786-1515. Allow me to share my passion for Lake LBJ Real Estate with you and help you invest wisely on Lake LBJ. Talk soon!