Profile picture for franram4

Need advice on buying a new home to be built, 660 yards from main insterstate I-35 in Austin

Hey all,

We are planning on buying a home in Austin and thinking about building a new home in a new community. The house would be one of the last ones built in the community, so we are probably paying higher than we would have when the community first opened. A plus would be that there wont be much more construction going on around us after we move in. The lot we are looking at is 660 yards away from I-35, a major highway in Austin. The lot and highway are separated by alot of trees and greenbelt land. The builder rep told us there would be nothing built there, that it would remain greenbelt land. When we stood at the lot, we could hear the highway, it was a constant noise, but nothing too loud or bothersome. We could not see the highway, but we could see the tall highway light posts. We are wondering if the highway noise will be a major issue when we go to sell the house in 8-10 years or so. We think the house is perfect for US for the next 8-10 years, but we are worried about home appreciation and resale value. Advice is much appreciated. Some more specifics about the house:

Neighborhood: Lakes at Northtown (Howard and I-35: https://maps.google.com/maps?q=lakes+at+northtown&ie=UTF-8&ei=s-hlUpvRKsjh2QXwzoDAAg&ved=0CAoQ_AUoAg)
Price: ~$250k
Sq ft: 2755
3 bed, 2.5 bath
Formal Dining
Study
Covered Patio
2-car garage
Gourmet kitchen
Community has trail around it, a pond, a park with vball and bball court
Near to lots of shopping and restaurants (tech ridge area)
Pfluegerville address but falls under Austin tax rate(0.3% lower tax rate than Pfluegerville tax rate)

Cons
Not the best school district (ratings from 3-6)
Proximity to I-35 and highway noise
  • October 21 2013 - Pflugerville
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Answers (2)

It's probably not the right house for me...but there must be a couple of hundred other people in the neighborhood who did not see it as an issue and the highway was there when they bought.

Sure when you resale there will people who do not like the location and you will hear that.  Then there will be some people who want a newer house near highway access points and probably closer to downtown.  

You could pick detractors like this anywhere.....power lines, busy streets, next to the airport, behind a commercial building, etc.

Maybe you can use that as a negotiating point with the builder.....but the way things are selling in Austin, you may just be lucky to get the house.

How do you really know any house will appreciate?  
  • October 29 2013
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Profile picture for amandathomas
Hi Fran,

If the house is perfect for you, then it is perfect. While road noise is an important environmental factor to consider, it is difficult to escape this in any suburban or metropolitan area. Further, 600 yards is a fair distance.

In terms of resale value, no one can predict what will happen 8 - 10 years from now. Your best bet is to make a smoking hot deal NOW as the builder is trying to clear out this final lot inventory, to enhance your chances of future equity.
 
  • October 22 2013
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