Town Center Will Create Place and Value For Oak Hill Residents

24 04 2007

oak-hill2.jpg

On March 9, 2006 the City of Austin amended its Transit Oriented Development [TOD] Ordinance to include a TOD district in Oak Hill. Since then, stakeholders in the area [residents, business owners, employees, etc.] have been participating in the planning process that will ultimately determine what the redevelopment will look like and how it will fit in the greater context of the city and region. Oak Hill by and large has received minimal attention compared to other redevelopments that are closer to Austin’s core.

The proposed TOD district will provide a walkable destination for the residents that will promote greater connectivity to downtown Austin via new transit alternatives. In the planning process, residents are requesting zoning changes that would allow for a mixed-use, live, work and play environment. The town center presents a remarkable quality of life improvement for the surrounding neighborhoods and ought to contribute to increased social engagement, environmental sensitivity and economic benefits. This type of development isn’t unique to Oak Hill; in fact, it’s the prevailing philosophy in sensible, urban growth throughout Central Texas

So how might this impact the local real estate market? The benefit of being well connected to the rest of the city will get capitalized in the market value of the land. TOD in Dallas suburbs, such as Plano and Addison, has driven property values higher. According to an impact study performed by economists from the University of North Texas, residential properties near transit stations rose 39% more than a comparable, control group of properties not served by mass transit over a four year span. The redevelopment of Oak Hill will have a similar effect on home values near the town/transit center. Austin will have its own hard data to support the TOD argument once the Red Line opens in 2008.

If you have an interest in the proposed Oak Hill town center, join us for the next neighborhood planning meeting this Thursday.

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INHABIT AUSTIN Acquires New Real Estate

20 04 2007

 We’re not moving, simply growing that’s all. We launched our presence on MySpace earlier this week. Feel free to come on over and be our friend. Listen to some good tunes,  browse through pictures of Austin’s latest urban (re)developments and see if we have any friends in-common.  If you like what you see, don’t be shy… leave us a note on our comment wall.

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How Not to Market Your Home

13 04 2007

[click the slideshow once to activate and scroll over each pic to reveal the caption]

This afternoon I took a quick trip through the Austin MLS just to see how poorly some homes are marketed. It didn’t take long to turn up these gems.

Getting your home sold quickly requires an effective strategy. Price, location and the condition of your home will ultimately determine how quickly it will sell. However, with over 80% of homebuyers beginning their search on the internet, it’s imperative you have quality photographs to market your home effectively online. Many buyers will decide whether or not to make an appointment to view a particular home based on the first impression created by the photographs online.

The images above evidence, not all real estate agents (and sellers for that matter… remember, the seller hires the agent) value the importance of properly marketing a home. So, when you’re considering listing your home with a particular agent, ask to see their marketing portfolio and specifically review the quality of their marketing photographs in print, as well as on the web

My advice to all (sellers and real estate agents) make every pixel count.

If you’re interested to see how my marketing plan will maximize your home’s exposure, drop me a line.

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