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Ideas for Fredericksburg Multi-Family Homes TX Investment Properties

Posted in: Multi-family
By SAGE - Premium Texas Real Estate
Jun 7, 2012 - 11:14:52 PM

At times, price tags for Fredericksburg TX homes for sale keep away first-time homebuyers, some working-class families, and retirees. Fredericksburg TX homes tend to feature large premium lots.   Prices for the charming older homes in Fredericksburg are high because of their mature landscapes, great locations, and unique designs.  Somehow, more-affordable multi-family housing has pretty much escaped Fredericksburg TX real estate offerings.

Enter the possibility of modern live/work/play urban-style Fredericksburg investment properties.  According to the imagination of any investor or developer, these could be sleek or vintage multi-family homes with lofts or duplex homes clustered around a central yard.  They could be fashioned after the Sunday houses of the late 1800s.

The Affordable Housing Task Force and the Fredericksburg City Council are trying to come up with ways to encourage affordable options for homeownership.  Variables such as real estate prices are affected by zoning, subdivision rules, building codes, sustainability measures, taxes, utilities, maintenance and many other elements that could be changed by changing rules.  

Multi-family developments more or less allow the pooling of the resources for two or more property owners.  If an investor builds a duplex or townhome with two sides, the builders and owners save on land costs, building materials, architecture, systems such as heating and plumbing, etc.  It costs less to bring in one crew to build the building in two halves than if they erect two separate buildings.  Married, they save on the cost of two outside walls.

Since home prices have dropped somewhat, many investors snatched up a couple of single-family homes at foreclosure sales or auctions.  Managing the rentals of single-family homes could be the step before managing multi-family Texas investment properties.  With more units, a separate business is helpful.  Regulations, tax rules, landlord rules, building requirements, and real estate laws apply in similar ways to single-family homes.

The purchasing outlay is higher for multi-family investing.  Residential loans are okay for one to four units but commercial loans are required for five and more units.  Commercial lenders generally require profit and loss evaluations as well as credit history.  Valuations of multi-family rental properties are tied to cash flow or to projected sales for homes in a certain price range.   

Putting in six lofts in Downtown Fredericksburg, or transforming a big old home into a nest for three families, or building a larger development that blends into Hill Country real estate and landscape--all of these ideas could accommodate numerous young families, working class residents, as well as those planning to retire to our wonderful community.

For expert guidance in your personal search for the ultimate piece of the Hill Country, please call Dale E. Cook, MBA and owner of SAGE - Premium Texas Real Estate at (830) 992-0056.


Dale E. Cook, MBA, Broker/Owner

Sage - Premium Texas Real Estate
405 N. Llano St.
Fredericksburg, TX 78624

830-997-1035 office
830-992-0056 cell

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