Purchasing a home in Redondo Beach can be an interesting process. There are a ton of variables that come into play and trying to decide on a home that not only feels right, but also makes sound business sense, can be a bit overwhelming for homebuyers.
When purchasing a home in the $1 million plus price range in the South Bay, there can be a lot of options to choose from, but what's valuable to one buyer might not be of value to the next. What criteria do you set for yourself when it comes time to make the final decision?
There are 2 beautiful brand new town homes on a lot just listed in North Redondo on Curtis Ave. The rear unit priced at $1.3 million. Freestanding, Mediterranean style architecture with a gorgeous interior and high-quality fixtures. About 2,500 square feet. Never been used. Never been lived in. Really quite stunning!
Meanwhile, on the other side of town on N. Francisca about 2 miles closer to the beach, a similar comparable really caught my attention. Also listed at $1.3 million, this detached unit boasts at 2,500 square feet with 4 bedrooms and a great layout that includes a loft and 2 decks with ocean views. It’s open and airy with beautiful hardwood floors and soaring architectural ceilings throughout. Definitely a gorgeous home. But, its 12 years older.
2 very simlar homes on paper, priced identically. Naturally, one might think it’s a no brainer, the brand new construction is the obvious choice. For me however, I see more value in the ocean views and proximity to the beach. Pretty hard to talk me out of a 10-minute walk to the beach, especially considering how beautiful the house is both inside and out. Maybe not brand new, but walking through this home felt amazing and, of course, the “beachy" factor is a huge selling point, for my taste.
Not to mention, an added bit of resilience to market fluctuations can be a huge advantage when considering a purchase. A brand new home is great, but for the same price, better to have more secured, prime real estate that will likely hold strong in the event of a dip in home values. Take into account a home’s proximity to shopping centers, attractions and in our area especially, the beach, when considering these issues.
Everyone is different and certain aspects appeal to certain people. You might even think you have your mind made up on specific criteria, but that could change instantly if a property happens to sway you in another direction. My advice: keep an open mind when house hunting. Don’t be afraid to let the little nuances of a home change your idea of what you thought you wanted. If it feels right, embrace it. And the best way to find out is to go out there and see them in person. For my money, the N. Francisca unit far outweighs new construction inland. What’s it worth to you? Let’s go check it out!