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Austin Economy Set for a Strong 2021

February 20, 2021 8:31 pm

A strong economic forecast for Central Texas is expected to increase the demand for homes in Dripping Springs TX.

The $1 billion Tesla factory in southeastern Travis County is under construction and has already begun hiring. It will employ about 5,000 people. Tesla plans to start production at the site this year. The factory is also likely to attract new suppliers to the region.

Tesla isn’t the only tech company spurring the economy in Austin. Software company Oracle announced in December that it’s moving its headquarters from California to Austin. Aerospace company BAE plans major expansions at Parmer Austin Business Park.

These developments will increase the already high demand for homes in the region. Home sales in Central Texas have reached record levels, thanks to a combination of reasons. New residents are flooding the region, creating a need for more housing at a time when fewer homes are available for sale. Record low interest rates and the maturing of the millennial generation are adding to the demand. Move-up buyers are purchasing larger homes to more comfortably accommodate home-based work and learning.

To help meet the need for new housing, Buffington Homes is now building in Esperanza. This new community is in Dripping Springs and offers ¾ acre lots.

We’re offering 5 customizable plans in our Estate series for these large lots. Estate series homes range from 2,689 to 3,970 square feet, so there’s plenty of room for everyone to have their own space or to spend time together without feeling crowded.

The Hampton floor plan is 3,039 square feet and has 4 bedrooms, 3 baths and a 3-car garage. A covered front porch welcomes visitors into the foyer, which is flanked by a formal dining room or optional study. The family room with fireplace creates a cozy feel on cool evenings. The open kitchen features a unique corner nook that can be customized as a tech center, bar or wine room.

Your choice of two exterior styles is available, along with numerous options for customization. Add a bedroom, powder room, game room or media room. Extend the back patio, change the laundry room layout and more. Homes in Esperanza start in the high $660s.

Chat with Kyle Henson, call or text 512-856-5664 today to schedule your personal tour of the Esperanza community of new homes in Dripping Springs TX.

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