What is the deposit structure to purchase a home?

15% earnest money deposit is required at contract signing.

Is mortgage financing available?

Yes. We have five preferred lenders who would be happy to assist with the purchase of your home. See list here.

What are my estimated closing costs?

Closing costs and fees are generally 2% of the purchase price and include: title insurance, loan and appraisal fees (if applicable), taxes, escrow and recording fees.

What are the annual property taxes?

Annual property taxes in Texas are approximately 2.3% of purchase price with more information available here.

What are the HOA dues and what do they cover?

HOA dues

~$0.66 per square foot per month. So, a 1,000 square foot home would cost $660 per month or $7,920 annually

HOA dues include

  • Building insurance
  • Security
  • Gardening
  • Maintenance
  • Concierge
  • Bicycle Storage
  • Valet Parking
  • Trash
  • Recycling

 

HOA dues do not include:

  • The use of chilled and regular water
  • Gas
  • Electricity
  • Phone
  • Cable and Wifi
Do I need insurance for my home?

Yes. A homeowners policy is required which is similar to a renter’s policy, but for a condominium home.

How can I review the purchase and sale agreement and legal governing documents?

Both documents are available to preview on the website in the Owner’s Circle section. Consult the sales team for a password.

How can i personalize my home?

We offer two distinct finish palettes to personalize your home if purchased before March 2018.

Is there an upgrade package of sorts, how does it work?

Yes. We offer a wide selection of custom upgrades to include: audio visual, lighting and shades.

Payment for upgrades is required in full at the time of selection.

Is there a Kelly Wearstler fully-furnished home option

Yes. Purchasers can work directly with KW to furnish their home top-to-bottom with one-of-a-kind furnishings.

Can I rent my home?

Yes, however a lease permit is required in order to do so and a minimum lease term of 6 months is restricted by the HOA Rules and Regulations. Please consult sales team for particulars.

Parking - How does it work? Are we EV Friendly?

We offer dedicated residential valet parking 24/7 and/or the option to self park in our enclosed secure garage.

Parking is deeded and assigned for each home. 1 spot for 1-beds. 2 spots for 2- and 3-beds. 3 spots for penthouses.

The garage is EV charger friendly. Additional fees apply for device ($15,000) and usage.

Got Storage?

Yes we have storage available for purchase. Sizes range from 36 to 192 sq. ft. and average about $375/sq. ft.

Pet Friendly?

You bet! We love our four-legged friends and offer a dedicated pet wash-grooming room to make pet care convenient and easy.

Are there any special hotel benefits or privileges for owners?

Of course. Anything less just wouldn’t be proper.

Owners receive exclusive discounts, privileges and perks across the hotel and the Proper portfolio. Its’s our way of saying Welcome to the Proper Family.

Austin Proper benefits include: discounts on hotel rooms, food and beverage outlets, McGuire Moorman Hospitality local restaurants and Kelly Wearstler home furnishings and goods.

Similar benefits are extended across the Proper Hospitality portfolio which includes San Francisco Proper, Santa Monica Proper, Downtown LA Proper and Avalon Beverly Hills and Palm Springs.

Is there room service? How about a house account?

Yes. Room service is available 24/7 and Proper owners have exclusive charge privileges across all hotel outlets – restaurants/bars, coffee shop, spa, fitness. Charge away!

What type of Services are available?

Owners have the benefit of three distinct services from the Proper family.

  • Our residential lobby’s dedicated front desk concierge handles daily goings-on
  • Proper Concierge offers insider access around town
Are the hotel and residential amenities shared?

We offer dedicated amenities for residential owners only. This includes:

  • Rooftop pool deck
  • Outdoor kitchen area
  • Indoor-outdoor clubhouse lounge
  • Private dedicated entrance
  • Doorman, concierge
  • Destination elevators
  • Pet grooming facility

 

Shared hotel amenities with privileged access include:

  • Rooftop pool deck & cabanas
  • Three restaurants & bars
  • Fitness facility
  • Spa/treatment rooms
  • Ballroom
  • Meeting rooms
  • Concierge
  • Hotel valet
Is smoking allowed on property?

No. We are a non-smoking property. This includes residences and common areas.

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