Come out to Uptown Realty’s first event Saturday June 10th from 2-6PM in our Meet the Artist Series featuring the amazing work of Lia Politi. FREE crawfish boil, music, and libations from Tito’s Handmade Vodka & Middleton Brewing.
The party is completely free but we will be accepting donations for our charity partner, Keep Austin Fed and all of Lia’s artwork will be on sale.
Stop by and bring a friend, we can’t wait to see everyone Saturday!
North Campus Housing: Explained
So, you’re browsing for housing around The University of Texas and you keep hearing about these specific areas like, North Campus. But what exactly does that area entail and what are the details on it?
North Campus, in regards to The University of Texas is pretty self explanatory as to where it’s located in proximity to campus. But what else does the area have and what is so desirable about the area that people are out biding one another for a new pad? North Campus is generally around 30th Street and Lamar, runs up to Hyde Park and stretches to the busy I35. Most of this area belongs to Hyde Park. A very diverse area of the city as it consists of students, young professionals, professors, families, the whole shebang. You can find quiet streets tucked away from the busy traffic on Lamar that offer a serene and quaint environment. You can also find the face paced complexes right in the middle of some of the action in Hyde Park.
What action do you speak of? Well, Hyde Park is a super hip Historical District of Austin that consists of beautiful old Austin homes, cafes, local restaurants, art galleries and music venues. With several streets simply named after a letter of the alphabet, this charming neighborhood draws an array of crowds with many people who prefer to commute via bicycle since most of the streets contain bike lanes. It is a very desirable location for city dwellers that want to keep the Austin neighborhood charm. The landscaping and aesthetics are truly to be desired as well.
Unless, you wish to be walking distance to campus or need to stay close to your Fraternity or Sorority, Hyde Park/North Campus is a fantastic location for any student and can accommodate any kind of vibe you are searching for from small complex apartments, corporate apartments, condos, duplexes and houses!
Tenant Responsibility- Are you holding up your part of the lease?
Ah, renting! There are many pros and cons of renting a place in Austin and one major perk is that your owner is responsible for maintenance and when things go wrong. You won’t have to worry about spending hundreds, possibly thousands on repairs, unless of course you were the cause of these issues.
However, as a tenant in West Campus, North Campus, Central Austin, South Austin and the rest of this beautiful city, you have tenant responsibilities to the owner which are located in your lease contract. Of course the responsibility isn’t anywhere near the owners responsibility to you to keep the house, apartment, or condo in good living condition. What are these responsibilities?
Well, let’s start with always keeping your doors locked, especially, when you’re not home. Not only do you need to protect your belongings, which is a given, you’re responsible for making sure the owners appliances and home are not damaged or ruined. Also, remember to lock windows and other access points to the house. Another responsibility you will have is changing your AC filter! What is an AC filter? Look around your living room, bedroom, etc and you will find a vent apart from where the air comes out. That is your AC intake which has a filter that collects, dust, hair, dirt, and all the other dirty objects that you don’t want to breath in from your AC. Once that filter is completely full, it is very difficult for air to get through the spaces in between the dirt, leading to less cool air coming through your vent or even worse, serious damage to the AC system in genera. That can be very expensive and guess what, you’re responsibly for that damage if the AC filter is the cause. This is why it’s so important to change the filters either every month in the Summer or three months depending on the kind of filter you buy. They are relatively cheap and of course much cheaper than replacing parts or an entire AC system. You can pick up these filters at most grocery stores, Target, Home Depot, Lowes and more.
Along with those items listed above that is your responsibility as a tenant, you also want to remember to always report issues in the home immediately. You’re not a hassle for your owner when you report malfunctions and problems because the longer they sit, the more damage that could potentially be done. They want to hear about the issues to get them fixed!
Cost of Renting in Austin
The cost of living in such a thriving and growing city can take a toll on your wallet but many residents definitely feel the cost is justified. Austin is such a young, fast growing city that the market has to keep up with the demand. With that being said, the market is very competitive and can require a lot of up front costs to securing a unit or even a biding war between you and another renter.
So what can you expect to pay up front for leasing a place in West Campus or North Campus, Central Austin? Of course, it depends on your exact price range but policies differ from company to company. The most common of all would be with a listing and management company that requires several items up front to secure a unit for you. For one, you’ll have to pay application/administration fees which are used to run a credit and criminal background on you to see if your a good fit for this particular home. Applicants with certain records or bad credit will have a harder time getting approved for an residence. It’s considered “risky” to an owner to approve an applicant with priors, it is their investment after all. Secondly, you’ll have to submit an application deposit typically equivalent to one month’s rent or less. Once approved, the application deposit becomes the security deposit during the duration of the lease and is refunded to you when you move out if no necessary deductions need to be made. If you are not approved for the residence, your application/administration fees are non refundable but your deposit is.
On top of all of that, most companies will require a first full month’s rent due upon lease signing. Many applicants see this as a shock when they are hit with that extra expense, especially, if you’re not moving into the unit for months! This is very common and shouldn’t be such a shock, many places in Austin and out of the city may require first and last months rent up front. However, with all of these funds, apart from the app/admin fees, they are applied to your lease and not wasted. It’s just a lot to cough up when you are in the majority of people in Austin who live paycheck to paycheck. Bottom line, it’s costly to move but Austin is such a gem and a wonderful city to be in that many people are perfectly fine with justifying the costs.
When relocating to Austin or around Austin, be prepared for these costs. There are some apartment complexes that do offer move in specials that are relatively love up front costs for move in. These are few and far between but Uptown Realty can help you find those complexes that can accommodate your upfront cost budget. We can make it happen!
Realtor Vs Google
As pre-leasing continues to be a hot topic of conversation around The University of Texas Campus and Central Austin, there is a lot of talk about how to find those desired properties. Austin, Texas Real Estate market can be quite tricky to out of towners because of how the market is set up in Central Austin. Central Austin around campus consists of many different types of housing includes: Condos, Apartments, Homes, etc. The difference between these are that Condos are individually owned units, meaning one owner ones that unit and not the entire complex. With that being said, finding the availability of a specific condo can be challenging unless you personally know the owner or you use a Realtor that has access to the availability of the complex.
Typically, apartments will have an onsite office where it is easy to walk in and inquire about availability but that’s not the norm here in West or North Campus. Even the apartment complexes have individual owners of the complex that choose a management company to handle all the leasing and maintenance. Therefore, you’d have to find out the management company and inquire with them which can be a difficult task simply by Googling.
This is why Uptown Realty and your fellow peers encourage you to use a Realtor, the service is completely free to you and can make the process of finding a house for next year stress free. Simply Googling properties can leave you confused about what is actually available and can show very conflicting details since old ads can show up on the search. It is also not uncommon to find that many Real Estate companies advertise all of these properties on their websites to generate traffic. This usually leads to calling or emailing to inquire and the result is you start working with a Realtor.
Overall, Realtors rule the market in Austin and are a reasonable necessity and when you find a good one, they can be very helpful for you year after year. It’s a great way to build a work relationship and a friendship!