As of December 2013, the average rent in Los Angeles was $1,679 a month. That means that if you’re a typical Los Angeleno, you spent about $20,000 on rent last year—and your landlord thanks you for it! You might be the kind of person who thinks they don’t “have it together” enough to buy their own home. Don’t make that mistake again in 2014. Buying your first house is actually a lot easier and more accessible than you think.
Q: Don’t I need to save up a ton of money for a 20% down payment?
A: No! 70% of homes are bought with FHA loans, which means you only need 3.5% down. If you’ve got $10,000 in the bank, good credit, and a job, call us. You might be shocked to find out what you can get for your money.
Q: Doesn’t owning cost more than renting?
A: Run the numbers on any calculator, like this one on Trulia. Believe it or not, after 3 years, it’s considerably cheaper to own your own place in LA.
There are some really great Eastside properties on the market right now, including this cottage-style home—completely renovated from the foundation up–at 1521 Stanford Ave. in Glendale’s coveted Adams Hill neighborhood. Enjoy rolling hillside views as you step onto the home’s elevated front porch.
Two spacious bedrooms and one bathroom provide plenty of living space. The home has an airy, open floor plan: the dining room connects to a chef’s kitchen with built-in pantry, all-new stainless steel microwave and stove, and custom fixtures.
The living room has hardwood floors and a beautiful fireplace with unique tiles handcrafted by renowned Eastside artist Ernest A. Batchelder. The private outdoor sitting area has great potential for grilling, dining, and entertaining. A downstairs bonus room is the perfect space for a music studio, artist loft, home office, or guest suite, and a garage means you’ll never have to find street parking again! Ride your bike to Adams Square or trendy Atwater Village for a cup of coffee, a bite to eat, or a yoga class. This peaceful, quiet corner lot offers the ideal blend of strong community, family-oriented living and proximity to the action. You’ll fall in love at the doorstep.
Come check it out on Sunday, Jan. 12 from 1 pm – 4 pm. Make ditching the rent checks your 2014 New Year’s resolution; we’d love to help you find the Eastside house of your dreams. Click here for details.
This Sponsored Post is an advertisement on behalf of The O’Key Group.