Hey,
Do take a look at Ibanez basses, not only do they sound great for their price range .. they have a whole range of amazing basses that suits almost all genres of music. Take a look at their SR series or GSR if your budget a bit the tight. I wouldn't really recommend LTD because my personal experience has been that it is recognized as a metal bass guitar. if you want an all rounded instrument .. get either a Yamaha, Ibanez, Squier, Cort, Rira at Guitar Workshop, Vantage at Davis, OLP at Davis, Brice if you have the money, Rickenbacker if you have the money and of course Fender if you have the money.
Few things to consider:
Are you going to play for leisure or you want to join and band and be a rock star? if you are playing for leisure get a lower range bass first until you progress to a higher stage then get a better one. If a rock band, get a higher end one would do fine and it'll sustain you for a while.
Wood material plays an important role in defining the "sound" of your instrument. Certain woods will have some kind of reaction to sound and how it projects the acoustics itself. Beginner guitars will either use solely basswood or Agathis as their body wood. Maple neck and rosewood finger board is a more common option, just that how high quality is the wood itself.
Normal mid-range/user-oriented gutiars will have alder/ash bodies along with it. E.g. Fender bass guitars or whatsoever jazz/p bass copy.
Strings, how many strings do you want? Standard is a 4-string, that is what i would recommend initially, if later on you want to add more strings you can do so.
Style of music, whether you play metal, funk, blues, jazz, country etc. .. determine your MAIN style/genre of music and then select according. usually alot of basses are made to be all-rounded. But some basses are built specially for metal/rock/blues/jazz etc. Do your research.
Don't rely on what the sales people tell you at the store, sometimes they are just as blur as you and may give you the wrong info. If you have more experienced friends who play the bass/guitar/drums, ask them to follow you down and try out the bass guitars or ask them for recommendations.
Understand the philosophy of the manufacturers themselves, it helps you understand what kind of "heart" is in the built of the bass themselves, a bit cheem, if you dont' understand can skip.
At the end of the day, TRY THEM OUT. You can't expect to buy a guitar that you haven't really tried out before unless you are seriously sure about it. I made that mistake once and i really dowan anyone else to make that same mistake as i did. It cost me quite a fair bit of time and hair and lots of headaches along with it. =)
Let your ears be the judge and dont' be afraid of asking to keep trying things out if you are serious. in the customer service line, they HAVE to let you try ... you can always go for the 4K basses in the Swee Lee showroom .. =) .. if not the ones outside do fine but work within your budget ..
Hope that helps, if anyone wants to know more about wood materials, and neck and pickups stuff .. feel free to PM me and i'll be more than happy to explain the characteristics of certain woods and stuff ..
P.S. BTW, yamaha bass guitars are not all that light, i use to own a BBN5A and it was HEAVY LIKE ANYTHING MAN. Nearly broke my neck. Even in a Warwick softcase when i carry it around it weighs like a hardcase!