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Old 12-26-2020, 11:02 PM
 
1 posts, read 1,476 times
Reputation: 10

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Hi guys,

I am planning to move to the OC. I am a first time home buyer looking at finding a place for ~900k. I'm leaning towards buying new at the moment because there is not many inventory for homes around the price range I have. It seems like the ones that are available will require me to pay 700k+ and I would still have to do some remodeling to make it look a bit more modern. Its definitely a task finding something more modern that doesn't have crazy mello roos involved in Irvine. I feel like Tustin may be do-able but I also want to have a decent school district. Question for you guys is the following:

1. Is buying new in lake forest a good idea? I'm intrigued by this because there isn't mello roos. I'm specifically talking about the Serrano Summit homes
2. How is the rental and resale market in Lake Forest and Tustin?
3. Do you guys feel its better to buy in Irvine instead of Lake Forest if I plan to stay in the home for 5-10 years? I've been told many times owning a home in Irvine will have no issues with rental or resale.
4. I see some new homes for a cheaper price new John Wayne Airport and it seems like its due to the poor school district there. Would you say that reselling/renting would be difficult in that area?


Any insight would be greatly appreciated.
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Old 12-27-2020, 01:28 AM
 
Location: Corona del Mar & Coronado, CA
3,041 posts, read 1,782,728 times
Reputation: 3769
I would never worry about resale value. I'd pick a home I liked in an area that feels comfortable.

Lake Forest is a huge city, stretching from the 5 freeway up into the hills. It depends on which area, but all of Lake Forest is pretty nice.

I assume you meant "near" John Wayne and it depends on the city. I would not put my kids in Santa Ana Unified, they'd be in private school. Newport Mesa and Irvine schools are all pretty good. There are only a couple of NMUSD schools I'd have concerns over.
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Old 01-08-2021, 09:26 AM
 
148 posts, read 41,282 times
Reputation: 149
Would you consider renting for a year to get a feel for things?
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Old 01-25-2021, 03:25 PM
 
Location: Orange County
7 posts, read 1,581 times
Reputation: 10
The resale and rental market in OC is great. Irvine is a highly desirable area, great schools, communities, and very convenient to shops, and restaurants. You mentioned near the John Wayne airport - it' less expensive, but schools aren't the greatest.
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Old 01-27-2021, 01:42 AM
 
1,014 posts, read 846,497 times
Reputation: 655
What about Aliso Viejo?
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Old 01-30-2021, 02:16 PM
 
2 posts, read 560 times
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Default a vote on Aliso Viejo

I am in a similar situation and considering Aliso Viejo. AV seems more attractive to me because it it near the sea instead of being in the mountains, which raised a bit concern of wild fires.
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Old 01-30-2021, 04:24 PM
 
10,082 posts, read 6,182,822 times
Reputation: 26507
There are wilderness areas around Aliso Viejo too. A couple of years ago, our friends who live there had to evacuate because of a fire in the Aliso & Wood Canyon park.

Most South County cities have areas that are near hills/brush/wilderness and other areas that are not. Pick your location carefully and you can live almost anywhere with little risk.
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Old Today, 05:36 PM
 
Location: Orange County
7 posts, read 1,581 times
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Aliso Viejo is very nice. I have listed and sold homes there and its very close to Laguna Niguel. Its conveniently located and had great restaurants and shopping nearby. Very close to the beach!
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