The process of buying property in Malibu can be a lengthy one, as it often takes quite a while to find the right investment. There are many types of Malibu properties to consider. Do you buy land and build? Do you buy an existing home that needs little to no work, or do you purchase a fixer-upper to save money?

The are many options when considering the type of Malibu properties available. It’s always best to contact a professional Malibu real estate agent to learn more about your options, and get information that can help you decide what is right for you.

Malibu Properties to Consider When Buying

Buying Land in Malibu

Malibu is a rare place to purchase land as it is not a highly developed city, and there are a variety of land parcels available. If you can keep the cost of construction on the lower end, or not even build at all, your land investment will be sure to rise in value.

The downside is if you don’t do your research, you might buy land that has restrictions that would prevent you from building the type of home you want. Work with a local real estate agent, land surveyor, and a lawyer to make sure the land you’re interested in is the best of Malibu properties available for your needs.

Buying an Existing Malibu Home

If the prospect of waiting more than a year for a contractor to build a home does not appeal to you, then buying an existing home is always a great investment.

You can help recover some of your costs by renting the home until it appreciates in value. Now is still a great time to buy in Malibu, as interest rates remain on the lower end.

Buying Rental Property

Malibu properties that can be rented are one of the best investments you can make in this area. Most rents are on the higher end, being as it is a coveted place to live, especially for those working in the entertainment industry.

Summer rentals can command some of the highest prices in the country, or even the world, as the famous and super rich often convene in Malibu to enjoy its Mediterranean-like climate and beauty.

Investing in Malibu Condos

Malibu condos are an ideal option for those who may want some of the benefits of ownership without the responsibility of property maintenance. They are also easier to turnaround when you want to sell, as they are not as expensive as single-family homes.

Malibu has a number of condo properties with beautiful units that are close to shopping areas and to the beach–prime properties for those looking for a less expensive place to live in Malibu.

Condo complexes have staff members responsible for landscaping, parking lot maintenance and maintenance of all common areas. So if you decide to live in the condo until you sell, it can be an ideal situation as you won’t have to worry about spending time and money on upkeep.

In Summary

There are many Malibu properties available for purchase, whether you’re looking for an investment property or for a home to live in. Carefully consider what your needs and wants are before you buy. Consult a Malibu real estate agent to find the right investment property or home.

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Russell Grether of Compass Real Estate is a real estate agent based out of Malibu, CA. He specializes in Malibu real estate, Malibu homes for sale, Malibu properties, Malibu Land for sale, Malibu rentals and surrounding area real estate from Montecito to the Pacific Palisades. He can be contacted at 310.994.4247 or by sending a message.