Beverly Hills is unquestionably the most well-known neighborhood in Los Angeles County if not all of Southern California. It is both a location, in that it is a stand-alone municipality surrounded by the city of Los Angeles, and a symbol, in that it is the epitome of the entertainment industry, celebrity, and financial success.
From Irving Berlin’s “White Christmas” to the film Pretty Woman, generations of people have been exposed to the city via film appearances and song lyrics. Even one of the city’s zip codes, 90210, is well-known; it’s probably the most recognized in the world since the broadcast of the 1990s television series with the same numeric string in its title began airing in the United States.
Beverly Hills is a fascinating city that is well-known for its homes, riches, glitz, and proximity to celebrities and other notable people. The consequence of this is that it is very costly. It does, however, provide a high-quality lifestyle with green and open areas in which to relax, spend your time, exercise, and so on. Apart from that, there are weekly farmers’ markets, many yearly festivals, art exhibits, concerts, and everything else that you can think of to keep you entertained.
The Beverly Hills lifestyle is often the stuff of legends. The city’s wealth and fame has been recognized around the world for generations, but what do people fear about living in Beverly hills? What are some things that people would be surprised to know about life here? We’ve put together a list of myths and misconceptions so you can find out before you buy or sell your home.
Many people think they’ll be pushing up daisies if they move into one of our luxury homes, but we’re here to tell you that there’s more than just sun and palm trees waiting for you. There is an active art scene with galleries worth visiting, excellent schools including Harvard Westlake School and Buckley School as well as a thriving nightlife filled.
But let’s not get ahead of ourselves. Here are the common challenges of living in Beverly Hills to think about before you move there. I’ll tell you about possible problems that individuals in Beverly Hills face, as well as what I would do if I were in their position.
Cost of living
One of the drawbacks is the costs provided for accommodation. Yes, it’s a secure, beautiful area with excellent schools, but it’s also very pricey for what it is. So, while you’re figuring out how much it will cost to relocate to Beverly Hills, don’t forget to factor in the high cost of living in this area.
The cost of living in Beverly Hills is much higher than the national average. In reality, the costliest home to be sold in 2021 so far was $63,100,000, while the least expensive house sold for $1,000,000 in the same year. And, I’m not even talking about the cost of utilities; this is just the cost of purchasing a house.
The financial toll does not end here. Utilities may be very costly, but not excessively so, depending on where you live in the city and how long you want to stay. However, the majority of the extra money is spent on eating out, valet parking, and parking in general.
4 Tips to becoming a Luxury Realtor | Erik Brown
How to Become a Real Estate Agent in California?
How You Can Fix Your Credit Score
5 Reasons Why Your Beverly Hills House Isn’t Selling
6 Steps to Buying a Luxury Property in Beverly Hills
What is Real Estate in Beverly Hills Like? | Erik Brown Homes
Safety – venice boardwalk, Hollywood
Traffic
If you live in Beverly Hills and the surrounding, the traffic might be your biggest concern. With all of the cars on the road these days it’s hard to get anywhere without sitting in bumper-to-bumper traffic. Is there any way out? If only there was an easy solution that would allow people to bypass traffic jams and spend more time with their friends and family. Well, guess what! There is! And it’s called ride-sharing apps like Uber and Lyft. These apps provide affordable rides that can take you wherever you need to go, no matter how far away it may be. You just download the app, request a ride when needed (you can even schedule ahead of time), track your driver, and off you go.
For those of us that need a car, be ready for cell phone watching, and latte-drinking distracted drivers, which are more and more common. And the consequences of this can be fatal. What is it that distracts you while driving? Eating, texting, talking on the phone? The best thing to do is just not to do anything at all when behind the wheel. It might seem impossible not to use your phone or eat something while driving – but if you’re feeling tempted by these urges then pull over first!
If you’re driving outside Beverly Hills, don’t be surprised if the roads have a few potholes. It’s not just an LA thing- it’s a result of living in Southern California. The good news is that there are ways to avoid them! If you know about roadwork ahead of time and can plan your route accordingly, you’ll have more luck avoiding all those pesky holes on the street. You can also keep an eye out for signs that warn drivers about upcoming construction zones and potholes- these will give you some warning before they pop up right in front of your car. And lastly, turn down the music and listen to them: people tend to hear things better when they’re paying attention!
Parking
If you’re looking for a piece of property in the Beverly Hills area, you might want to consider one with parking. The number of luxury homes available on the market that have parking has dwindled over the years as more people are opting to live without a car or ride-sharing services are becoming more popular. Parking is an important factor in choosing your next home – especially if it’s not too far from your favorite restaurant!
For those of you who’ve been to Los Angeles, you know that parking is a nightmare. You might be lucky enough to find a spot on the street or in a lot but it will cost a fortune and likely take a bit of circling around. If you can’t find parking at all, well then consider yourself unlucky because nothing is worse than being late for your meeting!
Homelessness
It’s no secret that Los Angeles County has a large homeless population, but what you may not know is how many of them live in Beverly Hills. I’m not talking about the people who sleep on the sidewalks and benches outside your favorite coffee shops or restaurants- I’m talking about the people who have jobs and are living in their car, or RV, or worse.
In a city where it’s increasingly difficult to find affordable housing, the problem of homelessness is becoming more and more urgent. What if your next-door neighbor was homeless? Would you know? Would you care? If you’re looking for an exclusive luxury home in Los Angeles, chances are there’s at least one person who’s been living on the streets just outside your front door. The Los Angeles area has the largest homeless population in the United States, with an estimated 60,000 + individuals living on LA’s streets. This is a staggering number that is not only embarrassing but also devastating to those who are impacted by it. With no jobs available for this population and little opportunity for affordable housing, it can be challenging to find ways to fix this issue.
Everyone is busy
Is it just me or is everyone in LA so busy? I walk through the grocery store and people are on their phones, walking down the street and they’re chatting with someone on speaker phone. It can feel like no one has time to talk anymore. I’m not sure what the deal is but there must be something about living in this city that makes people want to stay connected all of the time. Check that, I think it is about cell phone culture, trying to “make it” in Hollywood, and the like.
I’m not one to judge but I think people in Los Angeles are just really busy. They’re always on the go, they’re always moving and working hard. It’s admirable, but sometimes it feels like no one has time for anything.” With work schedules that span 12 hours or more a day, commutes of 2 hours or more each way, and family obligations taking up all possible free time there is simply no room for leisure. But when people do find the time to unwind it’s usually done at home.
Less green
Los Angeles is a beautiful city, but one of its downsides is that there are fewer trees and grass to be found than in other parts of the country. This is true, but they’re not missing because of a lack of rain or drought-driven water shortages–the explanation is much more complicated! The answer lies in the way we think about land use and environmental conservation as it relates to our built environment. In the past few decades, California’s population has grown by 50%. Nearly half of those new residents live in coastal counties like Los Angeles County. Unfortunately, this has led to an increase in the development on open spaces such as hillsides and wetlands which naturally absorb rainfall and filter pollution from runoff before it reaches creeks and rivers below.
Thankfully, the city plants about 100,000 new trees each year which helps, but there are still fewer than other major cities like New York City or San Francisco.
density
The city of Los Angeles is the densest in America, with more people living on its streets than any other. If you’re a resident of the Beverly Hills or Los Angeles area, you know that city density is high. However, this may not be what people think it means. In fact, if you look at the population density of cities across America and compare them to California’s state average, there are many more densely populated areas in other states. For example, New York City has an average population density of over 3 times higher than California’s state average! So while some Californians might feel like their hometown isn’t as dense as others in America…it really depends on where your perspective is coming from.
Cost of living
Is the cost of living in Beverly Hills really that high? The median household income is over $200,000. That’s not a shocking statement, but it can be difficult to understand why. One major factor that contributes to the cost of living being so high is the price of housing. The median home value in Beverly Hills is $2M+, meaning most people are buying homes with mortgages at least this size which means these homeowners have to pay monthly interest on their mortgage as well as property taxes and insurance, which also come at costly rates for those who live here. These costs combined makeup about 54% of an average household income!
Cons Yes, but…
I’ll save this for another blog, but there are HUGE advantages of living in Beverly Hills, including…
- Light rail
- culture
- weather
- Cool people with wonderous diversity
- Economic diversity
- I’ll repeat, the weather!!
- Schools
- Recycling in city
- Walkable
- Modern conveniences like Uber and Amazon Fresh
- Amazing Restaurants and Shopping
- Near other cities, it is so centrally located in central
- Friendly
- Lol, 90210
If I were in your shoes, I would want an agent to…
If I am a buyer and looking for a house in the locality of Beverly Hills, I would ideally like to take a service of a realtor that knows about the locality. He must know what I want from him and where are the basic amenities of life readily available in Beverly Hills. I would like my agent to find me the ideal home and make certain that it meets all of my requirements in advance. Know my availability and arrange showings for any properties you think I should view, whether they are on or off the market. I would also like that my agent listens to me actively about all my demands and find me a house that incorporates all of those. He should do it efficiently with all the paperwork and close out the best deal that benefits me.
Selling a house represents the sale of the most valuable asset most individuals possess — and in many cases, the most significant financial investment of their life. Therefore, choosing an experienced professional agent to sell their house is important to the emotional and financial well-being of the seller.
If I am selling my home, I would want my agent to be able to explain to me how they go about finding prospective purchasers and promoting their property to them. Marketing must be focused in order to be effective. Even in a seller’s market, just putting up a sign and waiting will not be enough to attract customers.
Additionally, he or she must invest in promoting a property and possess marketing skills in order to get a return on the investment. An agent that would assist a seller in obtaining the highest possible price in the shortest amount of time is one who will lead them through the process of preparing their property for sale, and I would expect the same from my agent.
I would like my realtor to effectively communicate with me all the time. He should tell me every update regarding the property I intend to buy or sell. What are the current conditions in the market and what does he say about making the deals? This effective communication will help me get relaxed that I have chosen the correct person for my real estate. My realtor should also anticipate things such as what are things likely to occur in the real estate market of Beverly Hills. In this way, I can make deals according to market conditions. Every single anticipation can prove vital in closing out an effective deal.
Incentives can prove to be a real asset in the real estate market and I would want my realtor to do the same with me. If I am given different incentives from time to time, it would help in building a relationship with my realtor. I would like to be given importance by my realtor. If he is giving me timely status reports and informing me about everything related to the real estate market, I will feel socially important. I will know that I have selected the best service provider in Beverly Hills. It will also make sure that I have made the financially right decision. Moreover, I would like my realtor to treat me like the head of the company. I would give him my demands about the property and relax that my realtor is taking care of it efficiently. Have a “just do it” attitude towards real estate work. Be well-versed in their field and have enough experience to handle any situation. I would only want to be a part of major choices if I could.
If I intend to live in buy, sell, or invest in a property in Beverly Hills, it means that I am wealthy enough and money is not the problem. Thus, I would not compromise on the amenities I want in my home. The realtor just has to make sure that he provides exactly the best services I would want from him. If I am giving a hefty amount of money for buying or selling property or even the paperwork regarding it, I would like to have the best services around.
Working with a real estate agent that is trustworthy and believes in complete transparency is what I’m looking for. All licensed real estate agents are required to adhere to a rigorous set of papers known as the code of ethics and standards of practice, which is a collection of documents that are very detailed. It is not always easy to determine whether or not a buyer’s agent is fully honest and exercising full transparency, but there are some steps that may be taken to feel reasonably certain that this is the situation. When I realize that my agent is completely behind me and is providing me with honest advice regarding the homes in Beverly Hills, I will feel more confident in sharing my thoughts and opinions. As a result, I will have fewer worries and uncertainties regarding the real estate company.
When it comes to purchasing a house, several different experts are typically required at various stages of the process. When purchasing a house, you may anticipate coming into touch with a variety of experts, including mortgage advisors, home inspectors, structural engineers, and lawyers, to name a few examples.
It is critical that I anticipate from your real estate agent that they have a strong set of business contacts that they can suggest to potential buyers and sellers. It is likely that I may not get the kind of service that I deserve if I do not have a strong network of business contacts. My agent must thus have a strong network of contacts with other agents, lenders, and lawyers in order to be successful.
When purchasing a house, I would want my real estate agent to have an established track record in the industry as well as a successful sales history. When compared to an agent who has sold fifty houses, a real estate agent who has just sold a single or a couple of properties would not have the same degree of expertise and understanding. When purchasing a house, I want to be certain that my real estate agent has an established track record and that I am aware of their previous sales accomplishments.
Finally, I would like to work with a person that impresses me the most. As well all know that the first impression is the last impression, I would like my real estate agent to impress me with his knowledge, experience, and attitude.
Have other questions? Need more local Beverly Hills insights? I’d love to help. Feel free to touch base anytime. My team and I are free to call, email, or connect online, or on any of our social platforms below. You can reach me at your fingertips. It is that easy! Looking forward to talking to you soon.
Contact Us?
Feel free to visit the website:
