Moving to Thousand Oaks

When you move to Thousand Oaks, you are moving into one of the most desirable cities in all of California. Maybe even all of the United States. Thousand Oaks resides near the coast of Southern California, which in the sunny Golden State, provides a nice breeze even in the middle of summer. Obviously named for its richness of Oak Trees, Thousand Oaks, spans to almost 56 square miles. Most of which will never be used and left untouched for the wildlife and Oak Trees that still inhabit the area. Because of the open land, incredible views, and a sense of luxury, Thousand Oaks continues to persuade homebuyers from all over the country to relocate.

This high demand for property in Thousand Oaks not only suggests growth in the community, it greatly increases the price of homes. As more and more people decide to move to the area, the demand for property improves. Knowing this, sellers can keep raising prices and still attract those that are willing to pay. The average house for sale in Thousand Oaks goes for just about $860,000.00 with and average square foot of about 2,700. The range of property goes anywhere from $300,000 to $25,000,000.

To help keep Thousand Oaks a place of luxury with luscious landscapes, the City Council elected to stop further new purchases of open land within the city limits. A few current constructions will continue to take place and finish around 2010. After these constructions are finished, a contractor must spend $100,000 just so that he can get an appeal to the city of Thousand Oaks. Once he has done that, the citizens of Thousand Oaks can elect whether or not they approve of his contract. This decision from the City Council to stop further purchases of open land will also increase prices of current property for sale. There will be more of a demand to purchase some sort of land in this much desired area.

There are numerous people who think, “How crazy to spend that much for a piece of property.” The truth of the matter is, there are people out there that will. Combined with its location, landscapes and luxury, Thousand Oaks’ ability to attract generous buyers will continue to prevail.

Investing in Real Estate… For the Future

As time goes by, many homeowners observe their property values appreciating in a strong market, and wonder about further real estate investments. One product that financial anal-ysts predict will continue to hold value is a condo or townhome in a desirable retirement destination. If this is a good option for you, the likelihood of a positive outcome willgreatly improve when you seek guidance from a real estate professional. There are countless variables involved, and a long list of questions you might not think to ask.

A spacious home and yard are a wonderful current asset for your family, but might become an eventual headache when it’s time for retirement. We’ve all seen homes in our neighbor-hood that seem to say, “My owner is too old to take proper care of me anymore.” Why are long-term owners often reluctant to make a move? With housing prices currently at an all-time high, it is difficult for such an owner to reinvest in a new home after selling the one they currently inhabit. Even a condo or townhome is expensive. However, if that ownerhad selected a target retirement location some years before and had made a purchase, there would be little hesitation to sell their home when the time is right.

With an investment property in place, the transition is a fairly simple matter. The owner lets a tenant’s lease expire, then takes occupancy. Subsequently, the sale of a former dwelling — in many cases completely paid for — puts a significant amount of cash in the bank, and the retiree into a new home where the upkeep is minimal and the amenities are a blessing.

If this scenario applies to you, make an appointment with a real estate professional you already know and trust. Your agent will help you weigh two key issues in particular — finances and logistics.

Make a purchase that will provide you with positive cash flow until such time as you choose to occupy it. Even with the potential tax advantages of an investment property, a constant annual drain on your finances can make your investment a bane rather than a boon. Your agent will network with financial companies to help determine what’s best for you. Also, consult with your realtor to select reliable property management. Will you have the time to maintain an investment dwelling until you live there? What if it’s far away?

A dependable management company is worth its weight in gold when maintaining a long-distance property. Again, through professional networking, your real estate agent can make arrangements to select a reputable company.

Considering a retirement investment? A consultation with your real estate professional will help you make the perfect choice for you, your family, and your future.