Hollywood Hills real estate continues to command top dollar despite the fluctuations of the Los Angeles real estate market. Those in the know scoff at the very notion of fluttering price points, since the trend over the past 10 years in the Greater Los Angeles area has reflected continuous (and increasing) upward pressure. More and more people are moving to Tinsel town, and it's no surprise.
Houses throughout the Hollywood Hills run the gamut from roughly half a million all the way up to six, seven or eight million bucks. There are some exceptions on each end of the spectrum, but by and large, mortgage-seekers can expect to part with at least seven figures over the course of 30 years. That doesn't mean that such homes are unattainable to the middle class worker. In fact, with the right real estate brokerage firm, you can certainly be optimistic that your dream house will be located in the Hollywood Hills.
Visit as many properties in your price range as you can in your time overseas. And before you even get on a plane to fly out contact as many real estate agents as you can find and insist they send you prospectuses of all properties within your price range across all the regions you’re interested in. With this information to hand sit down and go through the properties carefully. Find out what your money will buy you at the bottom and top end of the real estate spectrum so that you know what you will be viewing when you get to your destination. That way an unscrupulous agent will be unable to convince you that an overpriced property is anything other than a rip off.
Buy a property in a place that is popular with locals as well as tourists. You should always think of the exit route from your investment. The day will come when you want to sell your property and you will want to have the largest possible potential market. Ideally your investment property should be an attractive property for investors of different nationalities as well as a possible home for local residents.
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Author is Hollywood Hills Real Estate Zone business expert. |
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