Home Buyers: How to Avoid Paying Too Much for Your Laguna Woods, Palmia or Casta del Sol Home

Simply put, paying too much can jeopardize the integrity of your investment when buying a home in an Active Adult 55+ Community, whether that’s in Laguna Woods, Palmia, Casta del Sol or Laguna Woods Village. Here’s vital information to help you avoid overpaying for your home. Watch for all 24 tips, here is tip number 1.

Tip No. 1 Know What You’re Shopping For Before You Start

Before you begin shopping, understand that there are two homes out there vying for your interest—the one that meets your needs vs. the one that fulfills your desires. In a perfect world, you’d find a home that satisfies both. But since this isn’t a perfect world, you’re going to find yourself confronted with choices.

Do you choose the three-bedroom home with room for your family to grow, or the one with the big back yard and deck that’s perfect for entertaining? Is having a big kitchen more important to you than a few extra rooms.

When you start shopping, you’re going to find homes you fall in love with for different reasons. That’s why you should list the features you want before you start shopping. Use the form provided at the back of this report and break your list into two categories—“Needs” and “Desires”—and prioritize the items you come up with.

Understanding what you really need as opposed to what you’d like to have will help you keep your priorities straight as you shop around. I’ve seen people fall in love with a home for the wrong reasons, then regret their purchase when the home fails to meet their needs.

Don’t let emotion cloud your judgement. Satisfy your needs first. If you find a home that meets your needs and fulfills some of your desires, so much the better. The important thing is to know the difference before you get caught up in the excitement of the hunt for your Laguna Woods, Palmia, Laguna Woods Village, or Casta del Sol home.

This is Tip 1 of a series of 24. Watch Melanie Callahan's blog for upcoming helpful tips on how to maximize your return on investment when you do buy (and later, sell) your Laguna Woods, Palmia, Laguna Woods Village or Casta del Sol home.

Melanie Callahan proudly serves the real estate needs of area residents, including Laguna Woods senior living and Orange County active adult community 55+ lifestyle.