buying redding home

Planning to Buy a House in Redding? Compare and Make a Decision Today!

With real estate once again becoming a reliable investment option, it isn’t surprising that many of you are looking to buy a home – and what better place for it than Redding, California with its picturesque surroundings, including Mount Lassen and Mount Shasta and of course, Shasta Lake itself. So, let’s take a look at some of the different areas in and around Redding and look at what kind of real estate appreciation we’re looking at to help you make a decision.

Centerville – the Rural Eden of Redding

Centerville is at the top of the list of areas that have appreciated since 1990. The area is considered rural because of the population density with the real estate median price around $317,000. Homes range from three to five or more bedrooms. The neighborhood is considered above average income and the commute is typically around 15 to 30 minutes one way.

Rancho Road – the Perfect Suburbia of the City

Rancho Road comes at a close second to Centerville in the real estate appreciation stakes with a median real estate price of $369,056. Houses are medium to large (three to five or more bedrooms) with almost all of them being detached single family homes. The income here is above average with a commute of less than 15 minutes one way. You can call it Suburban paradise indeed.
buying redding home

City Center – the Heart of Redding

City Center sits lower down on the list with a median real estate price of $192,515. Most of the real estate here is small to medium apartments (studio to four bedrooms) and some single family homes. Most of these are occupied by renters rather than homeowners. Real estate appreciation is low primarily due to low vacancy rates, which can happen if new homes have been constructed but not occupied. For those who are health conscious this neighborhood is great as 5% of the people here choose to cycle to work while another 13% walk – more than most of America.

Alpha Lane/ Portero Drive – the After Retirement Heaven for You

For those looking for somewhere to settle once retired, Alpha Lane/Portero Drive is a great place with a real estate median price of $302,449. The homes are medium to large and the area has above average safety ratings compared to the rest of the state. The neighborhood is considered above average income.
The most important point to be noted about appreciation is that it won’t be uniform across the market. Homes that are in the lower range tend to appreciate more based, of course, on other factors such as the neighborhoods involved, average income, vacancy rates, crime rates, schools and so on. Depending upon what you are looking for – a home to live in or a property to invest in – Redding, California has something for you.

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first time home buyer

First Time Home Buyer….What to Consider When Buying Your First Home in Redding

Owning one’s own home is a dream most of us have. However, if you don’t plan out the purchase of your first home, it could turn out to be a liability rather than the dream that it is supposed to be. It becomes very important, therefore, to think about some points before finally committing to a purchase. For first-time homeowners in Redding, here are a few facts to consider before buying a house in the area.

Highly Affordable Homes- Grab the Opportunity!

After a wobbly turn in 2011, the real estate market in Redding has been going steadily up for the last three years. The average sales price hovers around the $200,000 mark. Those of you who are concerned about down payments and the like can get in touch with the City of Redding or with California Housing Finance Agency or CalHFA to find out about down payment assistance programs (DAP) or junior loans – mortgage loans for assistance with down payments.
Distressed or Non-Distressed Properties- Everything Cheaper at Redding
Should you buy a home or build a new one? With the former, you won’t have to go through the hassle of construction but with the latter you get exactly what you want. However, Redding gives wonderful options for both. The area has seen approximately 115 permits for new homes being issued every year since 2009. New projects are also on the rise. Looking for even cheaper rates? Then, you can opt for distressed properties which in Redding sell for about 32% less than non-distressed homes.

A Safe Place to Enjoy with Family

first time home buyer

first time home buyer


Safety becomes a primary factor to consider when buying a house. We all want homes in safer neighborhoods, especially if family is involved. Redding is far safer compared to other areas of California and a first time home buyer can choose it for his dream home without any second thought.

Low Cost of Living

Of course, the basic factor is whether the cost of living is too high – in other words, can you afford to live in Redding? The average cost of living in Redding is $55000: a number that is 22% less than the average for the rest of California. No doubt, it makes it a lot more affordable than other areas.

Renowned Schools and Commute Distances

What better for one’s family if they get reputed schools for their kid’s education in nearby areas? The distance to other amenities like shopping complex, theatres and other attractions are also less which makes it a wise choice for the first time home buyers.
These are some of the primary factors you will need to consider when looking at buying a home in Redding. For a first-time homeowner, careful consideration of all factors will ensure that when he goes to buy a house in Redding, he is well-prepared and gets the best property without digging a hole in his pocket.

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