Condo living can be a great way to enjoy life in Los Angeles.
Finding the perfect condo in LA can seem daunting. This is especially true since condo sales are on the rise by over 4% year-to-year.
More options and more sales can make it seem like buying a condo in Los Angeles is a herculean task, but if you follow this brief guide, you’ll be set up to find the perfect condo in Los Angeles.
Know the Area
Los Angeles is a diverse city with different neighborhoods. Before you start visiting open houses and making bids, decide which areas you want to live in.
For safety, you’ll want to check crime maps. These show not only how prevalent crime is but also what type of crime occurs in a given area.
You’ll want to steer clear of as much crime as possible. However, if it’s unavoidable altogether, beware of neighborhoods that have high violent crime ratings.
While you’re checking maps, don’t forget to check for pollution. Like all cities, air quality can be a concern. This is particularly true if you or someone in your family has asthma or other respiratory difficulties.
Find out which areas of the city have the cleanest air.
You’ll also want to get to know local businesses. You don’t want to have to trek all the way across town all the time.
See What’s Available
Once you know which areas you might want to live in, take a look at available condos. Apps and websites like Trulia and Zillow can give you an idea of condos on the market.
You can also turn to a real estate agent. They can help you narrow down which properties might be a good fit.
Make a list of amenities you want in a condo and community, and try to match up as many of them as you can with available listings.
Be Ready to Buy a Condo in Los Angeles
The real estate market can move fast. If you’ve found the perfect condo, chances are someone else has also stumbled upon it. That’s why you need to be ready to buy.
Before buying a condo in Los Angeles, get pre-approved for a mortgage. If you’re a first-time buyer, learn about buying a condo.
Here are some topics you’ll want to understand:
- Condo association fees and what they cover
- Condo insurance
- The bidding process and how to negotiate
- Home inspections
- Escrow, mortgages, and down payments
Set aside your downpayment.
With this and your pre-approval in hand, you’ll be a more attractive bidder than someone who isn’t ready.
Make it Yours
Once you buy a condo and move in, it’s time to make it yours. Customizing your new home with interior design can help bring everything together and make it feel like home.
When you’re hunting for a condo, don’t be put off by decoration choices made by previous owners. You can change the interior to make your condo a perfect space for you after you own it.
Do you still have questions about finding your perfect condo? Tips for new homebuyers? Share in the comments below!