The Price of Perfection: Don’t Wait for the Perfect Home in Los Angeles and Beverly Hills
The Price of Perfection: Don’t Wait for the Perfect Home in Los Angeles and Beverly Hills | Christophe Choo at Coldwell Banker Global Luxury is Your Local Real Estate Expert
In life, patience is a virtue, but in the world of homebuying, waiting too long in hopes of finding the perfect home isn't wise. The pursuit of perfection comes at a cost, potentially delaying your dream of homeownership. As Bankrate explains:
“One of the most common first-time homebuyer mistakes is looking for a home that checks each of your boxes. Looking for perfection can narrow your choices and lead you to pass over good, suitable options for starter homes in the hopes that something better will come along.”
The Cost of Holding Out for Perfection
Nothing in life is ever perfect, and that's true when searching for a home too. Unless you’re building a brand-new home from the ground up, chances are there will be some features or finishes you wouldn’t have picked yourself. It might be the paint colors, a light fixture, or the tile in the bathrooms or kitchen. Or maybe the backyard isn’t fenced in. It could also be that the home itself is great, but it’s not the ideal location you were hoping for.
Here’s the trade-off you'd be making without even realizing it. In all that time spent searching for the perfect place, you’d overlook many homes that would’ve worked for you. U.S. News explains:
“. . . you may miss opportunities if you enter the process with blinders on and aren’t open-minded. . . Countless potential buyers never buy because of this, and thus miss great investments or never move on to the next chapter of their lives.”
It’s Time To Redefine Perfection
Especially with affordability and inventory where they are today in Los Angeles and Beverly Hills, buying a home that needs some updates, is a few neighborhoods away from your ideal location, or doesn’t have all your desired features can be a smart move. Here’s why.
For starters, these homes are usually more affordable, which is crucial at a time when some buyers are struggling to find options within their budget.
Additionally, they give you a chance to make the space your own or discover a new area of town. You may find out you actually love that neighborhood. Or, swapping out a feature here or there after move-in isn’t such a big deal. So, look past the green shag carpet and see the bones of the house. With a little vision and creativity, you can turn a good house into a fantastic home.
How an Agent Helps You Explore Your Options
If you’re open to a home that needs a little elbow grease or is a bit further out, let your agent know. They’ll be happy to show you how this can really open up your pool of homes to pick from. They’ll also help coach you through this process by:
- Prioritizing Your Must-Haves: Your agent will revisit your wish list and separate your non-negotiables from your nice-to-haves. From there, they’ll focus on what’s really most important to you as they come up with a bigger list of options for you to choose from.
- Coaching You To See the Potential: As you tour these added options, your agent will help you look beyond cosmetic flaws and imagine what the home could be with a little work. Simple updates like a fresh coat of paint or new flooring can make a big difference.
- Connecting You with Local Pros: An agent’s support goes one step further. If they know what you’re hoping to change after you move in, they can connect you with local pros who can get the job done. That way it’s less work for you, and you don’t have to worry about tracking down contractors.
Bottom Line
Remember, there is no perfect home. But with expert help and an open mind, we can find you the right home – even in today’s market in Los Angeles and Beverly Hills. Let’s connect to see what’s out there.
Call Christophe Choo at (310) 777-6342 to tour your future home "HERE" or click "HERE" to estimate your home value