Buying a Vacation Home in California - Tips and Tricks
A great choice
If you have decided on buying a vacation home in California, you have made the right choice. California boasts of the seaside, mountains and worldwide famous places. And of course the weather. Its mainly Mediterranean climate, warm summers, and mild winters attract many people to visit it, have a vacation or even move and live there. If you are the type of person who likes urban areas, you might choose Southern California with bustling cities and beautiful beaches. If you are a nature lover and enjoy the views of mountains and vineyards, the ideal choice is Northern California. Whichever of the two you choose to buy a vacation home in, you won’t make a mistake.
Southern California
Southern California is a dream vacation state for lovers of the ocean, the beaches, and the sun. It is well known that buying a vacation home there is a costly investment, but there are still places that offer a more affordable price.
High-budget investments
You will need quite a lot of money if you want to buy a vacation home in one of the following places:
San Diego
Malibu
Long Beach
Santa Monica
Manhattan Beach
All these places offer costly but comfortable, attractive, modern vacation homes with stunning views of the beaches and the ocean. Restaurants, shops, surfing opportunities add up to the overall exciting atmosphere. Plus, you can always bump into a celebrity almost on a daily basis, which for some may be important.
Affordable investments
California does have some opportunities for people with a smaller investment budget to buy a vacation home. Besides the world-famous Southern California destinations, there are cute, smaller towns that may not be overlooking the beach, but are pretty near the ocean, and are an interesting option for buying a vacation home at an affordable price. For such houses, check Bakersfield, Helendale, Diamond Bar, Sugarloaf, and Oxnard.
Northern California
If you choose to buy a vacation home in Northern California, you might opt for an affordable house in the mountains as an ideal escape from the city noise and crowds. Listen instead to birds chirping and breathe in the fresh mountain air. Mountain cabins are really not costly and everything you need, from shops to activities centers, is within an easy driving distance. Favorable offers for vacation homes are available all around Northern California, so do research through reliable real estate agents to choose the best option for yourself. There is also a trend of buying permanent homes in the area due to good prices. If you decide to move there, contact one of the professional moving companies such as mod-movers.com, and start your new life in a new place without any stress.
Buying a vacation home in California - some tips
Everything in life, including investing in a holiday home, has its own advantages and disadvantages. It can be considered a good investment, yet it can be a financial burden on your budget. One simply must think about all aspects of such an investment.
Renting the house
One of the good things is that you can rent the house during the periods you are not in it - and that’s for most of the year. Rental money can cover your house expenses, including all the utility and maintenance costs, whether you live in it or not.
Retirement investment
Buying a holiday home is a long-term project, which means that your investment is bound to retain its value or eventually its value will grow in time. You can consider it an investment in your retirement life when you can either choose to live in it or sell it and move somewhere more affordable and live well on the money.
Favorable tax deductions
All your property and mortgage taxes can be completely deducted from your gross income if you decide not to rent it. You can compare what you gain and what you lose by getting rental money and decide which option is more profitable for you.
The Second Home
Having your own vacation home in California allows you to enjoy its beautiful climate and what it has to offer. But before all, it gives you the feeling of being at home, saving you from all the hassle of making phone calls and sending emails to make reservations to organize your vacation in a rented place. Every vacation will be going home, to already known and familiar setting and possibly already established social circles.
Buying a vacation home in California - some tricks
Naturally, such an important investment as buying a vacation home in California has some disadvantages as well, and one must evaluate all the pros and cons before making such a big decision. Here are a few of them to think about.
Investment costs
Buying a vacation home in California is not a cheap investment in itself. If you are planning to take a mortgage loan, take into account that mortgage interests are higher for buying a holiday home and in most cases, the lenders require a high down payment.
Maintenance costs
Whether you live there only for a month or two or throughout the year, maintenance and utility bills must be paid. Of course, the newer the house, the lesser the costs, but in time there will be things to replace and repair and you are the one who needs not only to pay for it but also to organize it. If you cannot travel whenever something needs to be repaired, you must hire a maintenance man who will take care of it. Both situations are either time or money consuming.
Good luck!
Owning a vacation home and having relaxing, stress-free, quality time with your family and friends has no price - so dare, get yourself a second home and enjoy the possibilities it can offer. If you decide to make your vacation home into your year-round home and consider moving anywhere in CA, hire a professional moving company and move in no time. Time is money, too.
