3 Things That Luxury Homebuyers Need to Know Before Moving to California

by Brian Lacklen 11/05/2018

If you plan to buy a luxury home in California, it pays to be diligent. As such, you'll want to dedicate the necessary time and resources to understand the ins and outs of purchasing a luxury house in the Golden State before you finalize your home purchase.

Now, let's take a look at three things that California luxury homebuyers need to know prior to purchasing a house.

1. Earthquake coverage is a must-have.

Most homeowner's insurance policies do not include earthquake coverage. Meanwhile, earthquakes are more common in California than many other states, which means you'll likely need to purchase earthquake coverage to supplement your homeowner's insurance.

Earthquake coverage is easy to obtain. In many instances, a luxury homeowner can purchase this protection through the same company that provides his or her homeowner's coverage.

When it comes to protecting a luxury house, there is no reason to cut corners. Therefore, if you purchase earthquake coverage in addition to homeowner's insurance, you can protect your California luxury residence against potential damage from earthquakes.

2. Don't forget to safeguard your luxury house against potential wildfires.

Unfortunately, wildfires are problematic in many parts of California, particularly in Northern California. On the other hand, a proactive luxury homeowner can safeguard his or her residence against wildfires.

If you intend to buy a luxury residence near a forest, you may want to consider purchasing additional insurance for wildfire-related damage. Although most homeowner's insurance policies offer wildfire protection, coverage may be limited. However, if you consult with an insurance provider, you can learn about your wildfire coverage options and plan accordingly.

3. California luxury residences may be more expensive than luxury houses in other states.

Few people can resist the glitz and glamour of Hollywood, the beautiful beaches of Malibu and other sights and sounds across the Golden State. This frequently leads many people to pursue luxury houses in California – something that may drive up prices for luxury residences in various Golden State cities and towns.

Ultimately, there is no reason to overspend on a luxury house in California. If you collaborate with a real estate agent, you should have no trouble purchasing a deluxe luxury residence in California without spending too much.

A California real estate agent will meet with you and learn about your luxury homebuying goals. By doing so, this housing market professional can tailor a luxury home search to ensure you can achieve your desired results.

For example, if you would like to own a luxury house near the San Diego Zoo, a real estate agent can keep you up to date about new residences that become available near this awe-inspiring attraction. Or, if you want to buy a luxury residence that offers a stunning view of the Golden Gate Bridge, a real estate agent is happy to help you find your dream house in the Bay Area.

Ready to pursue a California luxury house? Kick off your luxury home search today, and you can move one step closer to owning a top-notch residence in the Golden State.

About the Author

Brian Lacklen
Hi, I'm Brian Lacklen and I'd love to assist you. Whether you're in the research phase at the beginning of your real estate search or you know exactly what you're looking for, you'll benefit from having a real estate professional by your side. I'd be honored to put my real estate experience to work for you.