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5 Things to Remember Before Looking to Buy Homes in Carlsbad California by Phoenix Delray





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5 Things to Remember Before Looking to Buy Homes in Carlsbad California by
Article Posted: 06/10/2013
Article Views: 93
Articles Written: 2834
Word Count: 448
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5 Things to Remember Before Looking to Buy Homes in Carlsbad California


 
Real Estate
With a great variety of homes in Carlsbad California to choose from, this could be the perfect place to live for you and your family, especially if you love the ocean. The city is located at the seaside, and has 7 miles of Pacific coastline. The locals have given the city the nickname “Village by the Sea”, and with its Mediterranean climate, it attracts thousands of tourists all year round.

Variety

Carlsbad has a population of over 105,000 residents, a number which has grown 35% since the year 2000. The number of houses and condos exceeds 33,500, with a number of 21,201 owner occupied and 10,285 renter occupied. This means that more than 30% of the total homes here are available for rent at some point.

Sale Price

If you have really thought of buying a home, you should know that the median sale price is around $600,000, and that it has doubled from the year 2000. The most expensive are the detached houses with an estimated price of $869,700, and the cheapest properties are occupied boats, RVs and vans with a median value of $79,170.

Overall Housing Budget

If you are among the lucky few that can afford paying for a home all at once and not having to access a mortgage, then your monthly expenses will go around $2000 a month; having a mortgage can raise your housing costs up to $4000 a month. This amount should not exceed 30-40% of your monthly income or you won’t be able to pay for everything and have at least a decent lifestyle.

Number of Rooms

The number of rooms in a home can influence your purchase decision. If you live alone you may not need a lot of rooms in your home, which will reduce your maintenance costs as well, but if you have a large family then your needs will grow as well. Luckily, in this area you can find a great variety of homes with an even distribution of the number of rooms. Each category, from 2 to 6 rooms, takes about 10% of the total number of homes in Carlsbad, so you will definitely find the one that suits your needs. So Building’s Construction Year

Another aspect you must consider when looking for homes in Carlsbad California is the age of the building you want to buy. Even if more than 80% of the homes have been built after the 1970s, you still have to be aware about maintenance and repair costs that may appear, especially if you are buying an apartment. Make sure to bring a specialist to assess the building’s structure and utilities and tell you if there are any issues.

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