In the past year, Georgetown, Texas has continued to be a seller’s market. This means that the demand for homes has been exceeding the supply. Sellers are able to keep their prices high, and houses tend to sell quicker. In fact, in a data report by Rocket Homes Real Estate, the median home price rose 35.6% between November of 2020 and 2021. If you are thinking of selling your property, or even if you are planning on sticking around for the next few years, consider taking on a Georgetown home renovation. By doing so, you will set your house up for success for whoever lives there. Come find out more about where the city is headed and how you can benefit from that growth.
How much has Georgetown grown in recent years?
Texas consists of some of the fastest-growing cities in the entire nation. Georgetown happens to be one of them, with its strong community offering a great place to grow up. Despite the biggest resident percentage coming from older individuals, there is a fairly even distribution of all other ages. This makes sense when considering how much the city and Central Texas, at large, have to offer at any stage of your life. In Williamson County, there are currently over 590,000 people. Georgetown is home to just about 80,000 of them. This number has drastically increased in the past decade. Job growth has also risen, with more new businesses opening and key industries expanding. Finally, let’s not forget about the boost in home values, making Georgetown home renovations all the more necessary.
What does the projected growth look like?
Based on the most recent census, population projections estimate the number of people living in a certain area by a future date. The United States Census Bureau produces them by using the cohort-component method. It’s based on fertility, mortality, and net migration. Population projections help cities be able to plan for their future infrastructure and public safety services, among many other considerations. Per the recent growth rate, the Georgetown Planning Department has estimated that, by the year 2025, the population will be up to approximately 87,481 people. By 2030, the number will rise to 110,064. This increase requires there to be more houses available than there currently are.
Why are home buyers attracted to Georgetown?
Georgetown is primarily made up of single-family homes. With there being several public and private schools in the area, it is evidently a good place to grow a family and get an education. In fact, Niche has judged several of the schools very highly, with A and A- ratings. Southwestern University is also there to continue on with a four-year degree. Learn outside of the traditional sense by taking in architectural history. There are boutique shops, rustic wineries, and rugged hiking trails. And don’t forget about the Williamson Museum! Having been around for over 170 years, the charming Georgetown town square and its surrounding homes tie the past with the present. You get the small-town feel while being less than 30 miles from downtown Austin.
How do you get started with a Georgetown home renovation?
The most popular home improvement projects happen to the exterior of the house, in the bathroom, and in the kitchen. All of these provide a lot of value and a great return on investment. With a renovation project, you are restoring certain elements of your home to bring them to a better condition. Therefore, your house will be more livable. As you grow your family, your Georgetown home renovation is going to need to be compatible with your future requirements. Don’t design or build additional features on a small scale. While there are some projects that you can tackle head-on, there are others that professional companies, like Bat City Builders, can handle for you. We recommend speaking to a contractor about any bigger plans you are considering.
What can you do to reduce risk during the project?
If you have small children or pets, a home renovation could come as a big disruption to their routine. Make sure that your family’s needs are communicated upfront before your Georgetown home renovation kicks off. Your kids, if they are old enough to understand, should also know to stay away from any construction. Be mindful of any precautions that need to be taken for everyone’s safety. Physical barriers can go a long way. Safety measures should also include your furniture. Keep the pieces protected from the potential messiness of your project by covering them or relocating them for the time being. You need to be strategic about what you are renovating and when so that the process goes as smoothly as possible.
From the Red Poppy Festival to Blue Hole to Inner Space Cavern, there is so much to love about Georgetown. And that is exactly why so many people are heading there. As the city continues to prosper with new residents, it also continues to look just as beautiful. Your house should be no different. With that in mind, contact Bat City Builders today if you are interested in performing a Georgetown home renovation project.
Photos, in appearance, by:
- Jimmy Dean on Unsplash
- Ivan Samkov on Pexels