Tips for Buying a Vacation Home in San Diego

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If you have ever thought about purchasing a vacation home in San Diego (who hasn’t?) there are many things to take into consideration before pulling the trigger. For those who don’t know where to start, or are just looking for some extra pointers, here are a couple very important tips to help guide you through the process and make it as easy as possible!

Google: Using Google search and/or Google Maps, look around and get to know the different areas of San Diego. Think of all the reasons why you want to buy a home here, and make a list of all the areas that offer you exactly what you want out of your vacation home.

Market Research: Now that you have your short list, research what the markets are like in each of the areas you have selected. Some examples of things to look at are:

Short-term rental demands and occupancy rates

Tourism demographics (i.e. is it growing? declining?)

Average sales price for vacation homes (also research how the market has grown over time)

Number of vacation homes for sale

If there are any new housing developments

What people say about the community (using websites such as TripAdvisor)

Pinteresting 5 : Spooky Doorways

October is just around the corner so that means all the houses on the block will begin to “Haunt” their lawns! Join the Halloween theme this month by making your front entrance festive with Jack’o Lanterns, bats, cats, and even witches. Check out some of these terrifying front door decor for inspiration!

All images via our Pinterest

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Becoming A Homeowner As A Millennial

Minneapolis a Top City for Millennial Homeowner Growth

If you are stuck with student debt you may feel like you have a ball and chain attached to your foot and think you may never be able to afford a home.  A study showed that close to 70% of millennials are waiting to become homeowners due to their student debt.

A student loan is only part of your overall financial profile so it is unlikely that will affect your ability to get a mortgage.

You will want to have a handle on the debt you already have so you can see how much more you can reasonably take on.

The biggest impact on your monthly payments will be how much you put up for a down payment and the interest rate on the mortgage.  There are calculators offered by Zillow, Bankrate, and others to calculate mortgage payments and affordability.

Downsizing: What you need to know

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It probably feels like it was just yesterday that you moved into your new home, ready to start a life, a family. We all know how quickly time flies, and by now your youngest kid is off to college, or maybe starting their first job in the “real world.” And once you realize that they are really gone, that is when you start to think about what to do with all that space.

Some couples enjoy finally being alone in their homes, but for others, it’s just way too much space. In the past and even to an extent in the present, societal constructs have dictated that the home is as much of a status symbol as it is a place of dwelling, and because of this many people don’t want to downsize. However, a lot of people these days view downsizing as a step forward, rather than a step back. There are many benefits to downsizing, and this article will help explore whether or not this may be something for you.

How to know when to downsize

Many people choose to downsize simply because their home is just too big for them anymore. This happens most often when when children grow up and move out. But other factors can play in, such as wanting a home that is easier to maintain, or closer to a more urban area with lots of fun things to do. Sometimes downsizing isn’t even a choice, due to things like an unexpected financial setback.

A couple of questions to ask yourself

Will you miss your more spacious home?

You really have to ask yourself and visualize how your life would change were you to move into a smaller home. For instance, some people like having more spacious rooms, or higher ceilings. They like having a large yard, pool, spa, etc. If you move into a smaller home, you wont have many of these things, but you also don’t have to do any of the maintenance work required with having them either. For example, those who might have spent 8-10 hours or more of work each week cleaning the home or the yard in their larger house now only spend about an hour or two, maybe even less.

How will unexpected life events affect your smaller home?

One of the more common issues that can happen after you downsize is adult children moving back into your home. One way to prevent this from happening is to make sure they are comfortably settled into their new life before pulling the trigger on downsizing a little too soon. With the job market as terrible as it is, especially for young college graduates, you shouldn’t assume that your child will have an easy time finding, and keeping, a job after they graduate. Having an extra bedroom at your new place just in case, either for kids, relatives, or guests, is never a bad idea.

Hidden costs

It may seem very cut and dry, moving to a smaller, less expensive home means more money for you. Sometimes this is true, however there are a few factors to consider that you may not be thinking about.

A major component of downsizing that many people don’t think about is what to do with all of your belongings.

Coastal Premier Properties Welcomes Rita Terry

Coastal Premier Properties is pleased to welcome Rita Terry! Rita will be working out of our Scripps Ranch office.

Rita Terry

About Rita:

Coming from an Emergency Medical Service background, Real Estate was a natural career change for me. We have a saying in EMS, “Treat your patients like they are your family member and you can’t go wrong.” The saying still holds true in Real Estate for me. I am also a proud Navy wife that understands the hardships of moving every three years and making new friends just as often. I believe both experiences have contributed to my successful business practices.

I give each of my clients the time and patience you deserve while making sure the home buying or selling process runs smoothly. I take great pride in keeping stressful situations under control and provide open communication for all parties along the way. I am an advocate for my clients and will always have your best interests in mind throughout each transaction.

I look forward to working with you and I know we will have a great relationship well beyond your transaction.

Click here to contact Rita! For more about Coastal Premier Properties, visit our website!

Reasons to stay in/move to San Diego

San Diego has always been praised as one of the best cities worldwide whether it be for its food, it’s entertainment, the people, or the amount of sunshine they all get year round.  Here are a few motives to stay in or move to the sunniest region in California.

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1.  The Beaches.

If the sun is shining on the weekend where does everyone go?  The beach, because they sure aren’t going downtown.  There is one for each flavor, check out Mission Bay for some great biking or hit Pacific Beach for a little bit more prep.  With over 70 miles of coastline you are bound to hit one that floats your boat, some of which are leash free for you favorite companions convenience.  However, many locals tend to wait out the tourist season until October where the beaches aren’t as crowded, the jellyfish have dispersed, the water gets warmer and there’s plenty of parking.

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2. Weather Fit For Paradise.

Winter.  Summer.  No matter the season you can bet on it being close to 70 degrees outside.  With the edges of the city reaching around 80 or the suburbs getting in excess of 100 you can be sure of ditching your winter clothes

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3.  The mouth-watering food.

Between all the varieties of ingredients and ethnicities of meals in San Diego, the mexican cuisine is what most San Diegans take to heart.  Fish tacos, enchiladas, and the most sacred of sustenance, the famed California Burrito.  Beloved by starving surfer, college student and businessman alike, the burrito’s filled with carne asada, cheese, salsa, guacamole and the magic ingredient: french fries.

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4.  San Diego knows a thing or two about beer.

San Diego knows its way around a tasty IPA.  Coming in hot at No. 3 on the Forbes best beer cities ( behind Portland and San Fran.), nearly every bar carries a selection of local brews like Karl Strauss, Stone, and Ballast Point.  However, with great beer comes great festivals.  The Festival of Beer in September donates money to cancer-fighting causes while the International Beer Festival in June crowns a best in show.

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5.  The Festivals

Yes, San Diego has great weather, that’s no secret.  What isn’t widely known is that the year-round sun means there’s almost always a free street festival to crash.  From the Adams Avenue Street Festival to Chula Vista’s Lemon Festival, each celebration gives you a taste of our many different neighborhoods.

Design Trends: Black and White

The black and white color combo is often associated with clean lines, simplicity, and sophistication. Black and white pair well together in spaces, but can sometimes come off too stark and boring. When composing a palette of black and white monochrome, it’s important to mix in a few complimentary patterns to keep the space interesting. Symmetry in furniture or object arrangement helps to keep it grounded. To keep the room from seeing too cold and uninviting, use some plusher, more inviting fabrics like velvet, knits, wool, and faux furs.

All images via Pinterest

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