A second property can be an investment opportunity in this region as it is a prime location for seasonal hobbies, vacations, and quaint country escapes. The area lends to quick travel in popular destinations like Austin, Texas. Owning a second home in this area provides the opportunity of leasing to locals, renting vacation stays, or possessing a family residence to spend the holidays together. Here are the steps to purchase a second home on the outskirts of the state capital.
Research local real estate companies
You’ll want to have a realtor by your side as you look for your second property Communities in Llano County come with generous square footage, as lots can be expansive with acreage. Private properties with multiple buildings can foster your dreams of living on a ranch in this region, and larger plots such as this can be hard to locate when searching alone. By finding a realtor with local knowledge of the towns in and around Llano County, you will be able to identify the perfect house with the amenities needed to make your investment worthwhile.
Get finances in order
Visit multiple communities in town
There is more than one city by the river in Llano County, and if you are looking for waterfront homes, you will need to verify which town fits your needs. Homes for sale in Llano County, Tx, can be a great vacation stay for hunting or water recreation. Take time to live in the area when your visit. Travel out to surrounding cities. Venture into the wild at Still Waters Ranch in Llano and engage in the hobbies and habits you are accustomed to carrying out.
Find the right community for you, in proximity to all you enjoy. Country living is most likely the premise for your purchase. However, there are options to get out on the town and shop for one-of-a-kind antiques, dine with the stars in The Music Capital of The World or relax near the water in Kingsland while fishing for grade-A Guadalupe bass. Summer visits are the best time to camp near the river, get out on the lake, and enjoy all the region offers. Be sure to break from your profession and seek out the best of entertainment in Austin down the road and local live tunes found amidst the history and charm of Llano County before you dig into your search.
Determine the use of your property
There may be a need for two houses in your family if travel is a common theme to your lifestyle or a place is needed for family members to reside. Perhaps you are selling your primary home to live in your second home. If you are not precisely to the point of setting down the hammer, a slow, new construction build to rent out or vacation in is a great way to keep your second home relevant while waiting to relocate while generating profit for savings.
Seek pre-approval from a local lender
Once you’ve got an idea of the area, find a home that matches your needs and contact a local lender to start the pre-approval process for your potential second residence. Your agent will be able to assist with this information as well as recommend a lending source to match your needs. It is essential to know your use for the property when working with your lender, as intent for purchase can affect interest rates. Distance from a primary residence to secondary property can also be a determining factor with lenders in terms of what qualifies as a second home.
Explore homeownership benefits
Search with guidance
If you are in the market for a second home, contact local realtor Rodney Topper, an expert in Llano County real estate. With your buyer profile in mind, Rodney will seek out the properties that highlight your desires and present options in the area with speed and dedication to meet your timeline for purchase.