- Neighborhoods are different: to find a neighborhood that best fits you, think about the following: The first is the obvious - price point - what neighborhoods you can actually afford. North Oakland and Oakland Hills will be pricier because of their proximity to Berkeley and good schools BART access - some areas like Rockridge, Temescal, and Grand Lake are commute paradise, while Oakland Hills is car-dependent Weather - West Oakland, Downtown, and North Oakland will be on the cooler side as they are getting the breeze from the Bay, while East Oakland will be warmer (not as warm as Walnut Creek though) Hills vs Flats - basically the question is would you want a nice view or flat, walkable streets (or both?) Proximity to shops - Piedmont Avenue, Lakeshore, and many more neighborhoods are located very close to cafes, shops, and restaurants. Neighborhoods like Trestle Glen and Redwood Heights are mostly residential and will need a car to get to your dinner reservation
- Sewer lateral and sidewalk inspection: in Oakland, there are so-called government point-of-sale inspections, which means when a property is selling in Oakland, the seller or buyer has to do these inspections AND fix the sewer lateral and the sidewalk before or after close of escrow. These are additional expenses that can range from $5,000 to $15,000 for the sewer lateral and $1,500 to $20,000 for the sidewalk.
- Pest problems: most of the homes in Oakland are old, and you will see pest inspections with damage costing $20,000 to $40,000. Be ready for that.
- City Transfer Tax: if your purchase price is over 2M, the city transfer tax is around 1.75%.
What should I know as a first-time homebuyer in Oakland?
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