3 Aspects You Should Consider Before Buying or Renting a Place in Torrance

iStock_000018777492_SmallAt some point in our lives, we all feel the need to make a radical change. Some choose to buy that fancy car that they’ve always wanted; others choose to explore new career opportunities; while some consider the idea of relocating to a sunny place where they could finally say yes to a carefree existence and make the most of phenomenal recreational activities, contemplate amazing views and live their own version of la vie en rose. In case you are also flirting with the idea of moving to another city or state, put Torrance on your short list of options.

You may ask: why Torrance? In short, this beautiful city located in the southwestern part of Los Angeles County is the perfect mix of quality entertainment, tempting housing alternatives, lots of greenery, good jobs and drop-dead-gorgeous surroundings. As its motto suggests, Torrance is “a balanced city” that offers you just about anything you could ever need to start fresh in a Californian city. Home to more than 145,000 people (according to the data highlighted by the 2010 census), Torrance compromises more than 2.4 kilometers (1.5 miles) of fabulous beaches that let you admire the Pacific Ocean without being bothered by hoards of noisy tourists. Far quieter than the ones located in the vicinity of the Santa Monica Bay, these beaches will encourage you to relax and reduce your stress levels after a busy week of non-stop work.

Counting more than 30 parks and 90,000 street trees, Torrance is as green and welcoming as a Californian city of its size can get. Need another reason to buy or rent a house or an apartment here? In this case, keep in mind that Torrance is listed among the Cali-based cities with the lowest crime rate. This means that you can achieve peace of mind in your own home without actually feeling compelled to invest in the latest security system available on the market.

Analyze Your Needs and Desires in an Objective Manner

Assuming that you’ve decided to give Torrance a chance, what are the main aspects that you should focus on before actually giving the green light to your house hunt? You should definitely start by analyzing your necessities and demand objectively. How big would you like your new place to be? Do you have any preferred neighborhoods that you would like to target? Are there are amenities that you couldn’t see yourself living without? By doing a little bit of research you could provide the most accurate answers to all these questions. For instance, statistics available online will tell you that Southwood Riviera, Northeast Torrance, Southeast Torrance and Northwest Torrance represent some of the most sought-after neighborhoods where most newcomers would like to buy or rent a new roof over their head.

Keep an Eye on Local Real Estate Trends

The median sales price for Torrance-based homes is currently estimated at $585,000 and reflects a 1.3% decline compared to the numbers reported during the previous quarter. This means that potential buyers should start analyzing listings in order to spot the most tempting for sale properties in their price range. The price per square foot has reached $412, a value indicating a 5.6% increase compared to the hard numbers revealed in 2014, during the same period. These values suggest that investing in a slice of Torrance’s real estate could be labeled as a smart investment. If you don’t have enough money to buy a new house or apartment in Torrance, at least consider renting one. A decent house for rent won’t burn holes in your pockets; taking into consideration that Torrance is well-liked for its year-round friendly climate, low humidity levels, sea breezes and quaint ambiance, you could use your new home as a permanent residence or as a vacation rental, depending on your long-term goals and budget. At the end of the day, one thing’s certain: people who can afford to spend anywhere from $1,000 to $3,000 per month on a Torrance-based property could actually picture the rest of their days in this superb Californian city. For instance, one could choose to rent a 325 sq. ft. studio located on Amie Ave. for less than $990 per month. At the same time, believe or not, 2-bedroom apartments aren’t as expensive as you may be inclined to think, considering Torrance’s potential and virtually endless list of attractions. For example, a 2-bedroom apartment located on Arlington Ave, which comes equipped with all the amenities that you may need in your life to feel comfortable, could cost you less than $1,600 per month.

Get Help from a Professional Apartment Finder

Should your upcoming relocation be considered a challenge? Will your house hunt eat up all your resources, leaving you high and dry? What you need to realize is that spotting the best real estate deals on your own in a city that you’re not familiar with is not exactly easy. Sure, miracles can happen, but if you’d much rather conduct a risk-free apartment hunt, you probably want to take the safest and easiest path towards finding a nice place to stay in Torrance. How can you prevent scams and get in touch with reliable landlords in a timely fashion? Using the premium apartment finding service provided by Apartment Hunterz you can do all this and more. All potential tenants who count on this service can check out thousands of verified, recent listings, save their searches, reach dependable landlords and property managers, submit their applications online rapidly and hassle-free and schedule meetings with the people who will give them the chance to tour the properties that they’re planning on renting. Apartment Hunterz has what it takes to turn your Californian house hunt into an enjoyable experience. Do your homework, set up a budget for your relocation, choose the city and neighborhood that you would like to live in and let California’s most reliable apartment finder take care of the rest.

10
Feb 2015
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Ways to Help You Recover Your Security Deposit after Renting a Place in Cali

Security depositNo matter where you would choose to rent a place in the Golden State, you would inevitably meet two distinctive types of landlords: those who expect you to walk on air without actually touching their belongings, and the ones who understand that tenants inevitably contribute to fair signs of wear and tear displayed by a rental property. How do you recognize the people listed in the first category? To begin with, they’re not exactly very friendly. They will most likely drop by unexpectedly, underline your contractual obligations at all times and talk about the impressive amount of money that they have invested in the property that you are currently occupying. In this context, you are probably wondering: how could I prepare myself for the unforeseen? In short, how should you act to make sure that you recover your security deposit and terminate your collaboration with your landlord on good terms?

Take Before and After Pictures. A good camera and a great attention to detail are your strongest allies when it comes to preventing potential claims made by your landlord. As soon as you move in, take pictures revealing noticeable flaws that you may be held responsible for (chipped paint, cracks in the floor and so on). Copies of your dated and properly labeled photos should be sent by your landlord in an envelope that should also comprise the standard inventory.

Battle Issues Linked to Damp. Sometimes, the worst problems associated with your rental property come unannounced and have very little to do with your daily actions. For instance, damp can cause an endless list of issues, ranging from a persistent unpleasant odor to stained walls requiring a costly repainting job. To prevent this problem you can explore a few distinctive paths: you can leave your heating on for a couple of hours during the day or use a dehumidifier provided by your landlord. Damp patches that may appear on your wall could be easily removed using a mix of diluted bleach and detergent.

Don’t Let Your Landlord Catch You Off Guard. We will let you in on a little secret: most landlords tend to be very territorial. This means that they have a sixth sense when it comes to spotting flaws displayed by their property at the end of a lease. Here’s a word of advice that you should follow: be paranoid. Clean your rental periodically and don’t forget to check out hard-to-reach, difficult-to-remember areas that you don’t actually come in contact with. Look under your kitchen cabinets, check the top corners of your rooms and ask a colleague or a friend to double-check everything. Once you become familiar with an indoor space, it becomes increasingly difficult to notice minor imperfections, such as dirt buildups. This rule does not apply to your landlord, who will most likely be tempted to channel his remarkable attention to detail to make you kiss your deposit goodbye.

It’s not always easy to establish a great relationship with a landlord. Fortunately, Apartment Hunterz facilitates your collaboration with friendly, courteous and dependable independent property owners and property managers and lets you choose the ideal Californian rental matching your expectations.

 

25
Dec 2014
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Why Renting is Better Than Buying

FirstTimeRookieMistakes_0326Most people want to own a place of their own someday, but not everyone feels the same about home ownership. Depending on your lifestyle, age and the point you are in your life, renting could be a much better option than buying your own place. For some people, the benefits of renting outweigh the benefits of owning a home. Here are some reasons renting could be a better choice.

Options are Unlimited

There are usually more options for renters than homebuyers. That is because you’ll have multiple vacancies in apartment complexes, different types of units to consider, etc. — all in the same area. If you’re looking to buy a home, your options are not as open and you’re limited to what the market has to offer.

You Might Pay Less Renting

When you buy, you build equity, but you often have other costs too. Renters don’t have to deal with the costs of homeownership, such as maintenance or repairs. Some apartments pay a few utilities as part of your rent too — so you could save even more.

Also, a renter may have to pay a security deposit, but it isn’t even close to what a buyer has to pay in a down payment on their home.

Relocating is a Breeze

Renters have lease terms, but these are six to 12 months long. So if a renter wants to relocate, they can give notice to their property owners and find somewhere else. A homeowners can’t just pick up and move when they want. Instead,they need to list their home — and hopefully have enough equity to not lose money on the sale — wait for it to sell and then relocate.

All of the Work is Done by Someone Else

Homeowners have to do it all — repairs, keeping up the lawn, etc. All a renter is responsible for is their own unit. The property managers handle the lawn care, cleaning the swimming pool, maintaining the fitness center, etc.

It’s Easier to Meet People

Apartments are closer together, have more community areas, and make it easier for neighbors to meet. While you could meet a next door neighbor in a home you own, it’s hard to get to know the whole neighborhood.

You Get Perks

Renters get amenities that homeowners have to pay extra to add to their own home. Some of those can include a swimming pool, business center, community center, fitness center, private parking, event room, playground, dog walk area, barbecue grill, free Wi-Fi, etc.

10
Jun 2014
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The Pros to Renting

Businesswoman With House Model And KeysMany people look at renting as an unnecessary expense or assume they won’t save by renting. But, you would be surprised at how many financial benefits there are for renting. From the flexibility of the lifestyle to monetary savings, here are the top financial pros to renting.

Rent is Consistent

Your rental payment is something you add to your budget every month. While your rent might go up when you renew your lease, the rent usually sticks with the standard cost of living for the area. With homeownership, on the other hand, you have other expenses such as maintenance or repairs on your home that create an inconsistent monthly budget.

You Get Amenities

Apartment complexes often come with amenities that would cost quite a bit to add to your home or buy a home with them. For example, most apartments have a community center (that you can rent for parties too), a pool and even a gym. All of these things are included with your monthly rent, which means you aren’t paying any extra to enjoy them each month — while you would have to pay extra to enjoy these things if you lived in a house.

You Don’t Have to Worry About the Housing Market

The housing market is constantly changing. One minute a home’s value is up, the other minute it is back down. When you rent, you don’t have to worry about how the housing market is doing. Also, if you change jobs, go to a new school or have a new addition to your family you can upgrade the size of your apartment or townhome without having to worry about selling and dealing with real estate agents in the process.

Credit Scores Aren’t As Big of a Deal

While your credit score could affect you getting an apartment, those credit requirements are nowhere near as stingy as credit requirements for a home loan. So, if you have a little debt, it’s unlikely you’ll be denied your apartment — but you could be denied a home loan for a small load of debt.

Next time you find yourself thinking renting is the more expensive option, think again. You might be surprised at how much you would save renting an apartment versus buying your own home or condominium. Sure, you don’t own it, but that is also a financial benefit — because you don’t have to do all of the responsibilities that come along with owning a property.

20
May 2014
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