Have you ever thought about making Laguna Beach your next home town? In many ways, this charming seaside village is the ideal place to start fresh with your significant other or to raise a family. In addition to the high-end luxury homes and stunning views, Laguna Beach also offers a first rate education system and especially low crime rate. The rankings for elementary to high schools are exceptionally high while it’s home to an impressive 29% of wealthy homeowners. In the past year, Laguna Beach has had less than 50 counts of assault, burglary and theft. This is a close-knit community where neighbors look out for one another.
Of course, Laguna Beach has much more to offer than just benefits of living in a safe neighborhood and great schools – the possibility of having a piece pristine coastline as your backyard being just one. The unique shops and friendly neighbors have made Laguna a lively, engaging place to live. No matter what age you are, there’s a myriad number of activities to indulge in as well. With miles of beaches for strolling, surfing, skim boarding or just soaking in the sun and many hillside trails with spectacular views, there is much to do here. The excellent nightlife, represented in the wide variety of restaurants, festivals and galleries, make Laguna Beach an entertaining choice for young and old.
Laguna Beach is made up of many unique and special neighborhoods. From the guard-gated, exclusive communities of Emerald Bay, Smithcliffs, Lagunita, Blue Lagoon and Three Arch Bay to Mystic Hills and Temple Hills above the village area, Laguna has so much to offer. Let us welcome you to this wonderful coastal town, we would be happy to provide a private tour of this scenic area!
Laguna Coast Real Estate is a one-of-a-kind realty company that provides top of the market Laguna Beach properties, perfect for either investing or making a home in this special town. From ocean view homes for sale or rent, we’ve got you covered!
Visit our homepage for a first look at our featured Laguna Beach properties.
Beach Rentals: Escape to Paradise
Have you been searching for the vacation of your dreams? The answer may be closer to home than you think.
Laguna beach rentals are the perfect way to plan a tropical trip without ever leaving the country. From small, seaside apartments to large beach houses, these vacation rentals can accommodate you and your sweetheart or the whole family. These coastal properties offer all the best amenities, with many located right on the beach. A Laguna Beach realtor from Laguna Coast can find you the perfect place in paradise.
Couples can enjoy a romantic trip in one of the many stunning Monarch Beach homes or in one of Dana Point’s cozier rentals. Relax by a crackling outdoor fire pit on a cool summer night or stroll through town and enjoy Laguna’s thriving restaurant scene. Whether you want to kick back on the beach or head out for some fun, these vacation rentals do not disappoint.
Laguna Beach vacation rentals will provide you with all the luxury of a tropical resort right here in the US. Pack up the whole family and head to the beach for summer vacation. These luxurious rentals are available in all shapes and sizes, with the perfect one just waiting for you and your family to arrive. Spend your extended vacation in a place that feels like home – the beach home of your dreams!
Let Laguna Coast Real Estate make your dream vacation come true by finding you the beach rental that suits your every want and need!
Do You Know What You’re Looking For in a Beach Home?
There are some major factors in choosing a home in a coastal city. If you know what they are and what you want in a beach home, then you’ll have a much easier time finding the home of your dreams. For the best buying experience, always work with a local real estate agent.
Location is at least as important for your beach home as your primary home, but there’s not necessarily just one right answer. You need to decide if you want to be closer to the beach or to the city center and the shops. Do you want to be in the thick of things, or would you prefer a more secluded location? How far are you willing to travel to get to certain amenities? Location also factors into price, so keep that in mind, too. Homes have a tendency to become more expensive the closer they are to the waterfront.
The true price of a beach home is more than just the purchase price. There’s time and money that goes into maintaining it as well. If it’s not your primary residence, then you might want a comprehensive security system to watch over it when you’re not around. Home insurance for beach homes is often pricier than other areas, and you might also be buying a home in an area with a HOA, whose fees need paying. Then there’s the maintenance of the home itself. Get the home inspected and find out if anything needs repairs whether any part of the structure is susceptible to saltwater corrosion, molds, or other problems that can come from being close to the ocean.
· Your Own Plans
If you’re buying the home with hopes to rent it out when you’re not using it, make sure to educate yourself on all applicable tax laws. At the same time, don’t buy more house than you can afford if your rental income isn’t as high as you would like it to be. Finally, if you want rent out the home, you’ll might want to look for a place with a more universal appeal, rather than one that’s tailored specifically to your tastes.
Laguna Beach Real Estate: Rent vs. Buy
For many, the best vacations are days spent relaxing on a warm beach, and nights enjoying good food, drinks, activities, music, etc. This can all come at a hefty price, particularly for those who travel often. This is why many people opt to purchase a summer or vacation home. Laguna Beach homes offer everything you are seeking in a tropical getaway without having to travel too far. Here is what you will want to consider in order to decide if renting or buying is best choice for you.
The first big question is whether or not you can afford to purchase and maintain a Laguna Beach property. Many Laguna Beach rentals are vacation homes that are rented out when the owners are not using them. For this reason, you also need to factor in how much it will cost you to maintain the property or the price to hire a third party to do so.
Almost as important as finances is your schedule. If your job or lifestyle does not allow for you to travel often, a Laguna Beach rental may be more cost efficient than buying. This is also true if your schedule is not flexible enough for you to effectively maintain the property when you are not in it.
A vacation home, particularly a Laguna Beach property, is an amazing asset to have. However, if your family or your own interests are ever-changing or if you prefer to travel to different areas, you may want to consider renting versus buying.
Realtors bring Real Value
Now that you’ve decided to sell your home, there are a lot of other decisions to make. Are there renovations to do before you list your home? Do you have realistic expectations of your market? Should you list privately or with a realtor?
Not only can listing with a realtor help you get more money for your home, but realtors are equipped with tools, knowledge, and experience and can tell you whether or not you need to do some renovations and help you better understand your current market.
Ready to list your home? Cynthia Ayers, Cathy Porter, and Deborah Cockrell of Laguna Coast Real Estate are at your service. Specializing in costal properties in the Newport, Laguna Beach, Dana Point, and Laguna Niguel areas, no other team is a better choice.
Laguna Beach has attractions all year round to keep locals entertained. Whether you want to be indoors or outdoors, there are plenty of options for your next adventure. Here is a list of things to do in Laguna Beach.
La Tour (pictured above) is a beautiful tower based at the edge of a cliff in Laguna Beach. It’s privately owned, but you may walk up to it and take a picture of the stunning views.
Laguna Art Museum exhibits artwork created by California artists, only California artists. The art itself ranges across all periods and styles.
Main Beach is Laguna’s “Window to the Sea” is located in downtown. Some features of this beach are volleyball and basketball courts, a children’s playground, picnic tables, tide pools, public restroom and showers, and swimming/water activities.
Alta Laguna Park is perfect for those looking to take a hike, or looking for a family activity. It’s a hilltop park with a baseball field, tennis courts, a half basketball court, walking trails, picnic tables and a playground.
Why You Should Make Your Dream Vacation a Permanent One
If you are an avid traveler or know someone who is, you won’t be surprised to hear that many people who vacation tend to frequent the same locations, resorts, or rentals. While they may take trips to other areas, often times they will find themselves returning to their favorite spot to meet with old friends, make new ones, and to enjoy a level of familiarity while on vacation. For this reason, many travelers end up buying time shares, vacation homes, or land in their favorite getaway town.
Laguna Beach real estate is the perfect way to find your permanent vacation location. Whether you are looking for homes for sale or a luxurious rental in Laguna Beach you can return to year after year, Laguna Coast Real Estate can help you find your forever getaway. With properties in Laguna Beach, Newport Coast, Corona Del Mar, Monarch Beach, and more, you are sure to find a place to call home.
White sand beaches, trendy restaurants, and active nightlife await you! Imagine walking outside and straight onto the beach, enjoying sunny days and sweet sunsets in your very own piece of permanent paradise. Find a beautiful Monarch Beach rental for a romantic getaway or purchase a Laguna Beach property for the whole family. Even in the winter, California weather will not disappoint. You can either plan your stay or simply never leave! We are here to help make your coastal dreams a reality.
Why Real Estate is the BEST investment – Laguna Beach Homes
Purchasing real estate is the best investment you can make because owning your own property has tremendous benefits – especially a Laguna Beach home! Your rate of return when purchasing a house is higher than almost any other investment you can make. Homes traditionally appreciate about five percent a year nationwide and what we’ve experienced here along the Laguna Coast over the past few years was unprecedented – where appreciation rates have been as high as 25%!
Demand for housing in Orange County is staying strong – which has created a state of permanently higher prices. The median home price in December 2016 was $630,000 – the highest since the Recession and the highest median price for any month in over eight years – up 8.2% from December 2014. Regional home sales also increased around 9.8 percent to 20,890 transactions – the most for any December since 2009 – with Orange County recording the biggest percentage gains (according to CoreLogic).
Laguna Beach Home Values have grown at an even higher pace. Rated as one of the “Best Places to Live” (Sperling’s), the median listing price for a Laguna Beach Home was $1,965,000 (from end of Sept. 2016 to end of December 2016) with an 11% increase in median home sales in the past year.
Even if you consider real estate appreciation at a very conservative 5% – if you bought a $1,000,000 home (and put 20% down, an investment of $200,000) the property could increase in value $50,000 in the first year. That means you would earn $50,000 with an investment of $200,000, therefore your annual return of investment would be an impressive 25%. And, since both the interest on your mortgage and your property taxes are both tax deductable, the government is essentially subsidizing your house purchase!
Beyond the lucrative investment of owning this “tangible” investment that you can live in, your home is like an automatic savings account, accumulating savings in two ways: Each month a portion of your payment goes towards the principal (paying down the balance) and this appreciates over time. Plus, you get the benefit of any improvements you make (and most of these improvements are also tax deductable!).
You can also rent out the home as a vacation rental (an incredibly lucrative investment here in the resort town of Laguna Beach – we can show you how – Connect with our team to learn more!) or as a long term rental for investment purposes. This way your hard earned money is working for you instead of going into another landlord’s pocket.
Whether you are just beginning to consider the benefits of home ownership, are relocating and contemplating a purchase over renting for investment purposes, or if you are looking to upgrade to a larger property along the Laguna Coast, here are a few tips that will facilitate your house hunt and help you find the perfect home.
Laguna Beach Homes for Sale or Rent – Vacation Homes
Laguna Beach Homes for Sale or Rent
Welcome in the new year in Laguna Beach!! Come and sink your toes into the sand and stroll along the pristine white beaches of Laguna… where the sun is always shining and the palm trees sway with the ocean breeze.
The Laguna Beach Festivals re-open periodically for special events and the Art Galleries are still open for art lovers. Also, the free Trolley is running most weekends (and on 1st Thursday’s Art Walk), and the crowds have gone, so rental rates for Laguna Beach Homes have fallen (the same amazing properties are available at drastically lower rates than summer rentals!)
Vacation Rental Homes are booking up (nothing sits vacant in Laguna Beach so call us if you want to still snag one!). Everything you need for Laguna Coast’s more relaxing “off-season” is here and yours for the taking… want great restaurants? We’ve got plenty to chose from. Need to escape from a stressful job? Take a long stroll along the sand. Adventure seeker? Kayak, Paddle board or Surf in the crystal clear ocean. Explore the kelp beds and tide pools by snorkeling or scuba diving off Divers Cove. Laguna’s got something for everyone – from ocean front dining to outdoor concerts!
Come and enjoy the incredible lifestyle that Coastal OC has in store for you. Whether you are shopping for Art or seeking a new home in Laguna Beach ~ we are at your service! Ocean View Homes for Sale or Rent are our specialty and we would love to show you how to “live the dream”! Truth is, us locals enjoy “summer love” all year ’round!
Check out local market conditions along the Laguna Coast (encompassing Laguna Beach Homes, Newport Coast Real Estate, Laguna Niguel, Monarch Beach and Dana Point Properties).
View statistics and values by clicking here. Or feel free to search for your “dream home” by searching coastal homes for sale here.
Welcome to the Laguna Coast and create your own California Dream!
Laguna Beach Real Estate: Buying vs. Renting
Deciding between buying vs. renting a home is among one of the biggest financial decisions you can make. Of course, whether you decide to purchase or rent depends largely on your personal circumstances, finances and your family’s needs. There are tremendous benefits to buying your own Laguna Beach real estate over renting a home (beyond the obvious concerns about a future landlord not allowing your treasured pets and having the freedom to decorate and paint your new abode however you chose).
Because the costs of buying are more varied and complicated than renting, it can often be difficult to determine which path is better for you. Let’s take a look at some of the considerations you should make prior to contemplating a purchase over renting a home.
Buying a Laguna Beach Home
Real Estate is a great long term investment. Your rate of return when buying a home is higher than almost any other investment. Homes in California have appreciated about 5.77% year over year. Appreciation matters because it can make the difference between whether it’s better to buy or rent. In Laguna Beach, the five year average appreciation rate was 7.56% ending December 2016. That’s an incredible rate of return on a Real Estate investment.
Rental rates have also increased due to supply/demand and prices depend primarily on location and property size (number of bedrooms/baths). But landlord motivation, property condition (whether it’s a new remodel or cottage with character!) and season will determine what rentals are listed at – check with one of our Laguna Beach Real Estate team experts to guide you.
The rate of return when purchasing a house is considerably higher than almost any other investment you can make. Homes traditionally appreciate about 5% percent a year nationwide – although the appreciation along the Laguna Coast over the past few years has been unprecedented – where rates have been as high as 25%!
With demand for housing staying strong – it has created a state of permanently higher prices. The median home price in Orange County in December 2016 was $630,000 – the highest since the Recession and the highest median price for any month in over eight years – up 8.2% year over year since December 2014.
Even if you consider real estate appreciation at a very conservative 5% – if you bought a $630,000 home (and put 20% down, an investment of $126,000) the property would increase in value $31,500 in the first year. That means you would earn $31,500 with an investment of $126,000, therefore your annual return of investment would be an incredible 25%. And, since both the interest on your mortgage and your property taxes are both tax deductable, the government is essentially subsidizing your house purchase! Clearly the smarter option is BUYING over renting!
Beyond the very lucrative investment of owning a “tangible” investment that you live in, a home is like an automatic savings account, accumulating savings in two ways: Each month a portion of your payment goes towards the principal – paying down your loan – while it appreciates over time. Plus, you get the benefit of any improvements you make (and most of these improvements are also tax deductable!).
There are various costs that go into buying a home, and some that are not so obvious. To ensure that you have a good grasp of what is expected – and to compare apples to apples – let’s breakdown the costs associated with buying and renting a home.
Initial Costs for a purchase: Home Inspections, down payment, escrow fees, title fees, taxes, insurance and other closing costs need to be considered in addition to the Sales price. An escrow officer can be consulted to assess these costs and a lender will breakdown the cost of your loan, as well as any additional closing costs and fees on their end.
Initial Costs for a Rental Home: When renting a home, the initial costs include rent and security deposit. You will also need to provide an application which will also require a credit/background check. Comparatively much easier than a home purchase, but your hard earned cash will go straight into a landlord’s bank account, no return on investment for you here.
Recurring Costs for home purchase: These are the expenses you will have to pay month-after-month in owning your home. Mortgage payments, condo or homeowners association fees (if applicable), maintenance and renovation costs, property taxes and homeowners insurance are just a few of the traditional recurring costs. It should be mentioned that property taxes, the interest part of your mortgage payment and, in some cases, a portion of the common charges are tax deductible. The tax savings should be considered when comparing buying to renting.
Recurring Costs for a Rental Home: The monthly rent and the cost of renters insurance. Also utilities that will not be covered by landlord (sometimes landlords will include water, gardening, trash and HOA fees, if any). Typically renters will be responsible for their own gas, electric and cable/internet charges.
Net Proceeds property ownership: This is the amount of money you’ll receive should you choose to sell your home, minus the closing costs (which includes the broker’s commission and other fees, paying the remaining balance and any taxes you owe).
No return for a Rental: The return of your security deposit (with no interest), which typically occurs at the end of the lease.
The Laguna Beach Real Estate Market
Living in a coastal community can be an enticing option and Laguna Beach provides a rich lifestyle with it’s spectacular beaches, creative and artistic festivals, world-class restaurants and blue ribbon schools. One of the biggest considerations on where to move will be the availability of homes that meet your desired criteria in your targeted area. Be flexible – you might need to expand your range in terms of location and price to determine what is most suitable for your needs.
The decision to rent or buy ultimately boils down to your personal preferences, amount of savings and financial qualifications, and how comfortable you are moving forward. Buying a home is a great option if you are looking for an excellent investment – one that will likely continue to pay off for years in the future.
On the other hand, if you’re planning on staying in Laguna Beach for a short period of time or financially don’t have the means to secure the type of luxury home you want to purchase, there are some exceptional rentals available throughout the beach communities to call home – until you decide on the perfect “investment” home!
Let the Laguna Beach Real Estate Experts Help
Because our team at Laguna Coast Real Estate specializes in both Coastal Properties For Sale and Coastal Rentals, it would be our great pleasure to discuss your buying and renting options with you in detail. We are always available for consultation and have years of experience helping homebuyers and renters find the Laguna Beach properties that best suit their needs. Connect with our team today to learn more. We look forward to hearing from you soon and hope you’ve found this information to be helpful in making your decision.