perfect fit for everyone. Many
downtown residential sales are in
high-rise developments, and living in
them requires some adjustment from a
traditional single family home.
Those thinking of making the switch to
a downtown high rise should do a bit
of self-examination. Do you like to
walk? Do you need a yard? Do you
need your car every day? Have you
lived in an urban setting before?
Those are all important questions to
consider before making the move to
an urban lifestyle.
Buyers should also consider some of
the extra expenses that go with
condominium or loft living.
Homeowner’s association fees are just
one example. Some amenities and
services are included in your fees – but
not all. If the property you are
interested in offers a 24-hour concierge
service, for example, think about
whether that’s a service you would use
and want to pay for.
Always ask about a property’s parking
policy, too. Many properties allow for
only one parking space per bedroom,
so if you own a one-bedroom condo
and have two cars, you will likely
need to make special arrangements to
park the second car. Ask about visitor
parking spaces, too – are they
available, or is the only option street
parking? Given Austin’s busy
downtown weekend activity, that could
be a challenge.
There’s not doubt that the idea of
working and playing within easy
walking distance of home is extremely
appealing to many. According to the
Downtown Austin Alliance, more than
67,000 work in the central downtown
area; about 90,000 work within a
mile of 6th and Congress; about
9,500 residents call downtown home;
and more than 363,000 people live
within a 10-minute drive of downtown.
There is no particular profile of those
who choose to make downtown their
home, and the population includes
many families and young
professionals, not just college students.
It’s a mixture of all age groups – and
all are attracted to the diversity that
downtown has to offer.
Source: Downtown Austin Alliance