Newport Beach Homes – Harbor Realty

When considering which type of property to purchase in Newport Beach, it may prove useful to have a greater understanding of the types of property available, such as condominiums, townhomes and single family homes. Below are some basic definitions of these types of homes for sale in Newport Beach.

• Newport Beach Condominiums – Condos in Orange County are generally one unit within a larger building. The ownership of common areas (such as the interior and exterior walls, roof, swimming pools, gardens, lobby, etc.) is shared by all owners of units within the building. Assessments are paid monthly in order to keep up with the maintenance of these areas. In Orange County you will generally find condos in Costa Mesa and many newer condos in Irvine. One thing to understand about Newport Beach condos, though, is that what is typically known as a condo elsewhere (within high rise buildings, for instance), is not always the case here. In fact, many people consider their home a condo with only one shared wall.
• Newport Beach Townhomes – This type of property will usually have shared walls with connecting dwellings, and be built in a row. They may share amenities such as a pool or gardens and will often share the cost of maintenance for things such as the roof, or driveways. You’ll find some lovely Corona del Mar townhomes on the market with lovely ocean and city lights views.
• Newport Beach Single Family Homes – This term is used to define a detached property, upon its own lot, which shares nothing with surrounding properties. Most often, the owner is responsible for all maintenance and upkeep of the property, and can potentially improve and extend the structure. Find single family homes in Newport Beach as well as throughout all other Orange County communities.

These three terms describe the three main forms of home ownership within the area of Newport Beach. Depending upon your lifestyle and financial situation, one may be more beneficial for you than the others, it is suggested you contact a professional Orange County REALTOR® for further information.

When considering which type of property to purchase in Newport Beach, it may prove useful to have a greater understanding of the types of property available, such as condominiums, townhomes and single family homes. Below are some basic definitions of these types of homes for sale in Newport Beach.

• Condominiums – Condos in Orange County are generally one unit within a larger building. The ownership of common areas (such as the interior and exterior walls, roof, swimming pools, gardens, lobby, etc.) is shared by all owners of units within the building. Assessments are paid monthly in order to keep up with the maintenance of the common areas.

• Townhomes – This type of property will usually have shared walls with connecting dwellings, and be built in a row. They may share amenities such as a pool or gardens and will often share the cost of maintenance for things such as the roof, or driveways. You’ll find some lovely Corona del Mar townhomes on the market with lovely ocean and city lights views.

• Single family homes – This term is used to define a detached property, upon its own lot, which shares nothing with surrounding properties. Most often, the owner is responsible for all maintenance and upkeep of the property, and can potentially improve and extend the structure. Find single family homes in Newport Beach as well as throughout all other Orange County communities.

These three terms describe the three main forms of property ownership within the area of Newport Beach. Depending upon your lifestyle and financial situation, one may be more beneficial for you than the others, it is suggested you contact a professional Orange County REALTOR® for further information.
With Halloween happening tomorrow, have a happy and safe day trick or treating with your family!

Newport Beach Home Styles & Types

With a vibrant mix of architectural styles represented in the homes in Newport Beach, those seeking to purchase Newport Beach real estate are blessed with countless options. Whatever your particular taste, there is bound to be a property that meets your architectural desires as well as your family needs.

Victorian Homes in Newport Beach

There are some incredible examples of Victorian architecture to be found in Newport Beach. Quite often these Victorian homes are of three stories and will feature a wrap around porch, tower structure at one end and beautiful English gardens. Typically, Victorian homes in Newport Beach are found on Balboa Island and Corona del Mar.

English Tudor Homes in Newport Beach

If you enjoy picture book beauty, maybe the Tudor home style is for you. There are many fine examples of Tudor architecture in Newport Beach. The dominating factor of this style of architecture is the Tudor arch and homes of this type often contain oriel windows (similar to bay windows). If you are interested in purchasing Tudor architecture in Newport Beach, check out the community of Crystal Cove in Newport Coast.

Ranch Homes in Newport Beach

The Ranch style homes available in the Newport Beach area can be truly stunning. Many of these are large single family homes built in the true American tradition. Often ranch homes in Newport Beach  provide additional land around the home.

Colonial Homes in Newport Beach

Colonial home styles are also widely available in Newport Beach. There are actually many different types of Colonial homes including the Cape Cod, Garrison, Spanish, New England and French. Think white washed, picture postcard fences, open spaces, but more specifically, stately columns and large wraparound porches.

This is just a basic overview of the main property styles available in the Newport Beach area. You can also find great examples of Greek, Craftsman and Cape Cod architecture, offering something a little less mainstream.

There is a quick and simple calculation for working out your actual buying power, although it is advised you make use of the services of a Newport Beach REALTOR® for a fully accurate opinion as to your buying power.
First, it is important to figure in any money from the sale of a previous property.  If you have not yet sold your previous home, you may only be able to guesstimate what the sale value of your home will be.  Then find out just how much you can borrow from a local Orange County Lender, add to this your savings or investments that you can use towards the purchase price of your new home in Newport Beach.  This will give you your total spending figure.

Now, add up all of the costs involved in the purchase, such as professional fees, and the cost of hiring a company to move your belongings.  Deduct this figure from your total spending figure and you will have a rough estimate of the price range you are able to afford.

In reality this is a fairly blunt way to calculate buying power.  The best way to discern what your optimal price range would be is to see a professional Newport Beach REALTOR® as well as a Lender.  By using a REALTOR® in Newport Beach to help with this important consideration, you will be making sure you do not miss any hidden costs, or make incorrect assumptions about the true cost of the process of moving.
Your bank can also be helpful, by explaining to you how borrowing limits are set, and advising you on the best way to raise funding based on your current assets and income.