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What to Expect Owning a Home in La Jolla

la jolla ext

Seven miles of exquisite coastline, beach coves and beautiful sunsets over the Pacific are reason enough to make anyone move to the La Jolla area. However, there are other advantages to living here too. Many people come for the weather and great art scene, but the following interesting facts are just as important to consider when deciding whether or not to live in the area.

Great Schools
Anyone looking to purchase a home will find that La Jolla is a location consisting of top-notch schools. La Jolla has several elementary schools, one middle school, one high school, and one charter school. Each school has a rating of either 9 or 10 out of 10, according to California School Ratings.

Taxes
No one likes taxes, but they do pay for necessities. If you’re looking at owning a home in La Jolla, be prepared to pay a supplemental tax when you purchase your home, as well as a yearly property tax. You may also want to note Proposition 13. Proposition 13 came into effect in 1978 and limits your property tax increase to 2 percent per year. On the other hand, if you make La Jolla your primary residence, you can take advantage of a homeowner’s exemption of $7,000. Although, you will still need to pay for voter-approved bonds, which are added to your property tax rate.

Medical Facilities
La Jolla is located in close proximity to some of the most prestigious medical facilities, which are ranked by U.S. News. UC San Diego continues its rein as the leading area hospital due to its pulmonary department. Scripps Memorial La Jolla and Scripps Green Hospital also are listed as being top-notch medical institutions in the area.

Businesses are Welcome
The City of San Diego has created 10 Key Steps to Starting a Business for small businesses. The process of starting a small business in La Jolla is pretty straight forward, and you will enjoy a great environment to get started. Plus, the city even has resources where you can find small business loans for starting your dream business or even loans for expansion!

Overall, the La Jolla area has a lot to offer for both residents and business owners alike. The scenery is beautiful and the weather is near perfect year-round. If you have been thinking about moving to the area, contact a Daniels Group real estate agent today.

For more of our perspective on this subject read our recent blog, “Homeowners Insurance 101: What You Need to Know

Thinking of buying or selling a home in the La Jolla area? As consistent top producers in real estate, Linda Daniels and The Daniels Group are your La Jolla housing specialists. Working with The Daniels Group will give you with the advantage of having local experts to ensure that you have a successful real estate transaction. From buying, selling and investing to financing options and more, we have the expertise and resources to help you achieve your goals. Call us today at (858) 361-5561 or email us anytime by clicking here.