Have you ever dreamed of living anywhere in the country? Maybe you had a country music passion, and you wanted to make it big in Nashville, or you dreamed of living the Hollywood life in Los Angeles, California. Well, now that time has come and graduation is right around the corner. To be successful, you have to figure out what the next steps are after you walk across the stage. Spend some time researching the right information and you will be able to find out everything that you need to know about Los Angeles and how to live the Hollywood lifestyle throughout your twenties.
Why is building a home so expensive in LA?
When you start looking for homes in Los Angeles, you start to realize that they can get a little pricey. Well, you’re right. Homes are indeed more expensive than the average home listing prices in the United States. Why? There’s a few reasons.
- Demand is far greater than supply; there are not enough homes for the amount of people who want to live in Los Angeles.
- The cost of the land also comes into play and the available land in the LA area is very expensive. You also have to factor in the builder’s costs for things like: required building materials, government fees and labor costs.
These are just some of the key reasons on why buying a home in LA can be costly, so be mindful of these things.
Some smart tips for living on a budget in LA.
Taking the leap of faith and moving to LA? Check out these to tips to make the move and save you some money. The more money you can save in the long run the better!
Dealing with the crazy amount of LA traffic can be a culture shock. If you have an idea of where your new job could be, try to find the right home near that area so that you can avoid the traffic struggle as much as possible. Also, try to rely on public transportation, mobile ride apps and bikes can be restricting and inconvenient at times.
When it comes time to stock your fridge you definitely want to shop smart. Check over the grocery store ads multiple times to make sure that you are not going to overpay for your groceries. The key is to SAVE, SAVE, SAVE! The prices on items are constantly changing every week, so you need to make sure that you are making the smartest and cheapest decisions to save yourself the most money.
Skip out on the Cable
People that have lived in the LA area have easily saved hundreds of dollars each month by skipping out on the monthly Cable expense. This is the first time you probably don’t have cable at your fingertips. However, this is a great chance to broaden your horizons and try something new! If you can’t live completely TV free you can always install Netflix or Hulu for way cheaper than cable!
Lower your Bills
Another smart thing you can do is set a goal for yourself to lower you bill on a monthly basis. A few tips to think about are
- Simply turning off the lights in the room that you are no longer in and if it isn’t terribly hot outside, maybe turn on a fan instead of the AC.
- Check out your Gas, Water and Electric Company and see what discounts the company offers based on your income!
These are just some of the quick ways to lower your monthly bills so that you can have some spending money to enjoy your new place!
So, as you can see, living in LA can be very manageable and achievable as long as if you are smart from the very beginning. Hopefully these tips will be helpful with your future move to LA and will make your experience a lot more enjoyable. Learn more about the LA area and what it has to offer in our city guide and go ahead and start your mortgage process by doing a rate quote.