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The Austin condos make good real estate investment, but their exorbitant price put off prospective investors from taking the plunge. However, it is possible to get a deal that sits well within your budget. Being in the limelight for celebrity penchant for this Texan city, the properties attract buyers from all over the USA and also abroad. A majority of them can go to any extent to include an Austin condo to their real estate investment portfolio and they are ready to cough up the money mentioned in the listing without any trace of bargain. But not everybody is blessed with this large fortune; even then you can fulfill your dream of owning an Austin real estate by taking the right route.

Find the right neighborhood
Just like the other cosmopolitan US cities like Chicago, New York, or Boston, Austin is famous for its multi-cultural flavor. In some respect, Austin condos are even cheaper than the same quality properties in New York. All the Austin neighborhoods possess the community features of a metro city. So if you do not have the obsession with celebrity neighborhoods, then you can strike gold with an Austin condo in an area just 10 to 15 minutes from downtown. A standard 3 bedroom condo unit in these Austin neighborhoods will naturally cost lesser than the same unit in Austin proper. So the trick lies in finding the right Austin neighborhood that have all the beauties of Austin, and within the distance of fifteen to twenty minutes from the Austin proper.

Space and price
There is another way of getting an affordable Austin condo. For small families, a huge condo unit is a luxury and not necessity. The standard condo units in three bedroom and two baths format come in different sizes and different floor plans. Those with a larger floor area will cost you too much. If you can manage with the space, then there are many cheaper options in the market---even in the posh localities.

The Austin neighborhoods worth considering
Some of the areas in the close proximity of downtown Austin boasts of some really serene neighborhoods where you will get Austin condos for half the prices. The best thing about these properties is: they make a prudent real estate investment, as property prices are fast gaining height in these areas with newly developed properties. Northwest Hills, Great Hills, Cat Mountain, Mt. Bonnell and Balcones are some of the beautiful Austin neighborhoods that have all the Austin charms but without the exorbitant price tag. Especially on the western part of Austin you will come to find a number of condo properties that are within 10-15 minutes of downtown. Tarrytown, Rosedale, Brykerwoods are also the neighborhoods that retain old world charm and here you can get larger units for lesser price.

Explore the eastern part of the city
Lastly, the condo properties in East Austin can make a great bargain. This is a neighborhood with booming real estate. Despite the wrong publicities about this neighborhood, it is a nice place to live. Since the area is in the middle of development and cleaning process, here you can get properties at a considerably lower price. With the development program at work, the place in the close proximity of Austin proper is shaping up nicely and investing in an East Austin condo is going to reap you great real estate gains in the near future.