You’ve probably heard the phrase “location, location, location!” used before in regards to a real estate purchase – but if you’re buying a home, just how important is the location or community that you buy in? In today’s post we’ll share a bit of guidance around choosing a location that best fits your life stage and your family’s needs when you buy a home in the San Diego area.
Ask Yourself: What Life Stage Are You Currently In?
Take a second to assess your current life stage as well as where you picture yourself in the next five or ten years. If you’re a single young professional who is buying their first home you’re going to a different cultural scene and local amenities than someone who is moving to La Jolla to retire. Consider the places you go on a daily or weekly basis and what you’ll want to have in close proximity to your new home.
Are Children in the Mix?
As you can imagine, if you have or are planning to have children they will factor heavily in to the location of your new home. Unless you have a particular school in mind you’ll want to choose somewhere that has quality elementary or high schools within walking distance so the kids can enjoy walking to and from school each day. Note that as you browse through the property listings on this website we provide a section (found on the right hand side of the page) which lists the closest elementary, middle and high school for each home as well as quality ratings.
Is This a Second Home for Part-time or Vacation Use?
If you’re buying a vacation home that you plan on renting out to individuals and families visiting the local area you’re going to need to choose your location carefully. While the price range is a bit higher for houses and condos that have ocean views or are a close proximity to our beaches, you’ll find that travelers are willing to pay considerably more for those features. A vacation home is all about quality of life, so choose somewhere that your family will enjoy and that you’ll be able to realize a sizeable income stream.
Location Plays a Major Role in Your Resale Value
Finally, don’t forget that the location you buy in will help to determine how much you can sell your home for later. Buying in a positive real estate market like La Jolla means that you have a high certainty of seeing your property appreciate in value with each passing year. If you are buying a home for investment purposes be sure to let us know and we’ll advise you on communities which have seen a strong return.
As you can see, depending on your life stage and how you plan to use the home the location you purchase in can be a major factor in your decision. When you’re ready to explore your real estate options in La Jolla, San Diego or the surrounding area, contact the professional team here at Berkshire Hathaway HomeServices California Properties at (858) 405-4004 and we’ll be happy to share our local knowledge and expertise to help you find the perfect new home.