One of Orange County, California’s hidden gems, the city of Laguna Niguel offers people interested in luxury real estate a wealth of investment opportunities. This family-friendly coastal community not only provides residents with some of the most outstanding views of the ocean around, but it is also home to a full assortment of top-ranked hospitals, schools, outdoor areas, and shopping hubs. If you’ve got your eyes on Laguna Niguel houses for sale as a site for luxury real estate investment, look no further. Below is everything you need to know.
Location and accessibility
In a city like Laguna Niguel, it’s difficult to find a real estate location that isn’t coveted nationwide, aesthetically pleasing, and only minutes from your nearest shopping center. Nevertheless, when looking for properties to invest in, you should always keep location in mind. Laguna Niguel is fortunately situated next to Los Angeles and San Diego, so residents have access to a variety of restaurants, cinemas, and nightlife areas.
Most of the city is just minutes from I-5 and State Route 73, running from the north of town. The nearby Pacific Coast Highway to the south is also within reach, ensuring that residents never feel distant from nearby cities and events. Oceanside views command a premium among Laguna Niguel homeowners, so be prepared to invest more in those top-end properties.
Potential rental opportunities
For many luxury real estate investors, the opportunity to rent their properties takes a central place in their future plans for the home. What’s important is knowing what kind of demand and local renting trends are active in your area so you can better anticipate rental pricing.
Laguna Niguel is a great place to invest in a rental property for many reasons. The mild Pacific climate ensures that rental demand should remain high throughout the year, and the city’s median household income (which is roughly twice that of the U.S. average) also points to the opportunity to set your income level from rent at a high level. A good rule of thumb is that investors should avoid paying over 100x your expected monthly rent for the purchase price, and Laguna Niguel offers several properties that will fit a variety of budgets.
Quality construction and architecture
Another thing to keep in mind when investing in Laguna Niguel luxury homes is the construction of the house. When viewing or visiting homes in the area, take your time and look at the building materials closely. The majority of luxury properties in Laguna Niguel have to meet strenuous building codes, so it’s unlikely you’ll find homes needing structural repairs. But you should also check if your home also includes some of the following materials:
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Quality hardwood floors
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High interior walls
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Generous backyard space
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Newly installed HVAC and plumbing
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Modern roof and electrical systems
If your home is near the water, ensure that it is up to code as well. The best course of action here is to get in touch with a local real estate agent who will have access to a network of professionals who will be happy to inspect and renovate homes that need a little extra attention.
Added upgrades and amenities
Luxury real estate isn’t only ideal for long- or short-term investment. It also provides potential homeowners with more opportunities to upgrade and personalize their home. If you’re envisioning your investment property to be move-in ready, then be sure to tell your real estate agent. Still, if upgrades and added amenities are more important for you to have in your next home, many Laguna Niguel luxury homes will suit you.
Check out the bathrooms first to see if the property has an upgraded steam shower, bidet, or large clawfoot tub component. Then head to the kitchen, where you should check out the refrigerator and stovetop. If the home doesn’t include modern appliances, see if there is room to install upgrades yourself. Smart home hubs are also in high demand in Laguna Niguel, so be sure to check in with your realtor whether your potential home is outfitted with one or has the space to install smart technology yourself.
Overall cost
Of course, the purchase price of luxury properties is among the top concerns for investors. This is no different in Laguna Niguel. Research the local market to scan for recent trends in property value or, better yet, consult with a local agent to get deeper insights on the best areas of the city in which to invest.
The cost of Laguna Niguel houses for sale depends on several factors, which we’ve outlined below:
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Proximity to top-ranked schools like St. Anne’s Catholic School or McDowell Private School
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Nearby cultural hubs like Crown Valley Park, Laguna Regional Park, or upscale hotels like the Ritz Carlton or Waldorf Astoria
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Beachside location
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Additional upgrades and appliances
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Floorplan and property size
History and past residents
Finally, you should keep your ears open about the past history of your property and investigate any prior homeowners. But why? Laguna Niguel isn’t only minutes away from Los Angeles, it’s also a popular site for celebrities to invest in luxury homes. That means that there’s a good chance your next home could come with a valuable provenance that will only continue to boost its value year after year.
Famous soccer star Rachel Wood and NFL Quarterback Josh Allen are both known residents of the city. But that’s just the tip of the iceberg when it comes to Laguna Niguel celebrity homeowners. The city’s spacious outdoor areas, top-ranked schools and hospitals, and nearby entertainment centers continue to draw celebrity investors to the area, and famous neighbors are located all over.
Get in touch with a local real estate agent
There you have it: our complete list of things for investors to look for in luxury homes in Laguna Niguel. If you have any questions or comments about Laguna Niguel luxury homes for investment, don’t hesitate to reach out to the zRE Group today for more information!
