Category: Real Estate
Reasons to Invest in Luxury Real Estate Las Vegas
Luxury Las Vegas real estate is available around the metro area and away from the city in the Las Vegas hills. Here’s why you should consider investing in luxury real estate in Las Vegas.
It Provides Passive Income
Many investors choose to put some of their money into residential real estate because it gives them stable passive income. In Las Vegas, home values have been on the rise since 2012. From December of 2012 to December of 2020, home values have increased by around 250%.
When you invest in luxury real estate in Las Vegas, you’ll be choosing a resilient area. The COVID-19 pandemic proved this since the city’s real estate market held steady during it. In fact, homes are selling for record amounts while rental properties continue to be in high demand, making it an excellent time to purchase luxury real estate.
Luxury Las Vegas Real Estate is Low Risk
Las Vegas is a city that offers people a high quality of life, and the city allows residents to live where they play. Las Vegas is an attractive city for high-end home renters and buyers.
Real estate in Las Vegas is low risk because tourism supports the economy. The city generally sees more than 37 million tourists each year. While there are many casinos and hotels for visitors to stay in, people are starting to book luxury vacation rentals. Luxury rentals give tourists access to high-end amenities, more space, and more freedom.
The Rental Market is Growing
The population in Las Vegas has been on the rise, and the rental market has been growing with it. Homeowners still outnumber people who rent, but during the last decade, the number of people who rent has grown notably.
Not only has the number of renters been increasing in Las Vegas, but the average rents have also been increasing. Even with the pandemic, luxury home rents have increased by about 3% each year. Consider buying a luxury home or a townhome that will appeal to a variety of tenants. Purchase a luxury property for seniors, young families, or business professionals.
Las Vegas Luxury Homes are More Affordable than They are in Many Other Cities
In Vegas, the per square foot median listing price is about $240. In Seattle, that cost is $400, and in New York, it’s $500. If you were to buy in Los Angeles, you would pay $600 per square foot; in San Francisco, the cost is around $700.
When you compare Las Vegas to other cities, Vegas is a bargain. Many people moving to Vegas are from these more expensive cities, and even the priciest and most customized homes in Vegas are cheaper than similar ones in San Francisco and Los Angeles.
Keep in mind that luxury is not a thing that you can just own. When you decide to purchase a luxury home, you must maintain it. Be prepared to keep your luxury rental home in good condition. You’ll want to hire a landscaping company to take care of the lawn and a house cleaning company to maintain the interior. You’ll also need to hire pest control and HVAC companies.
Las Vegas Offers Great Tax Benefits
Nevada doesn’t charge taxes on food, corporate income, medicine, or personal income. Along with this, the state also has a low tax rate on properties compared to other states. For instance, Nevada’s property tax rate is around 0.53%, while the average in the country is about 1.1 %.
In Vegas, the tax rate is 0.65%, which is slightly higher than the state rate, but it is still quite a bit lower than the country average. A good reason to invest in Las Vegas real estate this year is the city’s affordable cost of living.
Tips for Buying a Luxury Home in Las Vegas
Tips for buying Las Vegas luxury homes include:
• Learning how to search for luxury homes
• Look past the listing pictures
• Consider now and later
• Keep records
• Work with people you can trust
Luxury Home Search Tips
Luxury homes are not usually listed, and the reason they are not is to protect the seller’s privacy. The owner decides to have fewer scheduled showings when a home is for sale and not listed.
This means that it is crucial to contact local real estate agents who are up to date on the luxury homes currently for sale. When you begin searching for a luxury home, you’ll want to look deeper than online listings.
Also, consider how long a luxury property has been for sale. If a home has been on the market for a while, you might want to see if there are issues with the property.
Look Past Listing Photos
It can be challenging to take quality photos of the interiors of large homes, and some homes are not as visually appealing in photographs as they are when you see them in person. If a property has the essential features that you want, make an appointment to tour it.
Before touring the property, take advantage of online tools like Google Maps to see an overview of the home and its surrounding terrain.
Consider Now and Later
You’ll be making a considerable investment when you buy a luxury home. This means that you’ll probably live in the house for a few years, so it’s vital for you to feel safe and secure about the house, investment, and environment.
Visit and tour the luxury home you’re considering several times to ensure that the home and property feel right. You’ll also want a home inspection, and an inspector will check the home’s HVAC system, plumbing, electrical, and foundation.
Keep Detailed Records
Since there’s a significant investment involved in purchasing a luxury home, it is an excellent idea to protect your finances by keeping detailed records. Also, high-income people generally hire money managers to oversee their finances. This means that it might be challenging for you to show that you have the funds needed to buy a luxury home. Check with your money manager to obtain a Proof of Funds document before you make an offer on a home. Some sellers won’t schedule a viewing without this document.
Work with Those You Trust
Work with a local luxury real estate agent because they often live where you’re looking to buy. This means that they can give you detailed information about a home you’re considering and the community in which it is located.
Keep in mind that when you work with an experienced real estate agent, you’ll have access to an expert who will give you informed recommendations about a home you want to buy.
Luxury Real Estate in Henderson, NV
If you’re searching for investment opportunities, then be sure to review the luxury homes for sale in Henderson, Nevada, the ones that are in the MacDonald Highlands community. Not only are we one of the area’s top gated communities, but we also offer residents five-star amenities like a renowned golf course, a clubhouse, and swimming pools. Contact us at (702) 614-9100 to learn more.
How to Prepare Your Luxury Home for Sale
Selling a home is not easy, and it can be especially challenging when you’re selling a luxury home. Las Vegas luxury homes are often personalized, which means that you have to find the right buyer. Here’s how to prepare your luxury home for sale.
1. Make Sure the Price is Right
Setting the price at the right amount is critical. Not only is it important to ensure that you’re receiving the amount that your luxury home is worth, but it’s also important to set the price properly to be competitive.
When selling a luxury home, it’s common for a real estate agent to recommend pricing it at the highest possible amount, but this can be a mistake. To attract buyers as soon as your home goes on the market, make sure that your price is competitive. You’ll avoid having it sit on the market with no offers for months and months.
To set the price correctly, a real estate agent should:
• Complete a thorough market analysis of your area
• Assess the data
• Tour other homes that are similar to yours
• Contact other agents who have recently sold comparable homes
2. Market Your Home
The price of your home will take care of most of the marketing, but there are other tools that will help you sell your luxury home.
Before hiring an agent, ensure that the agency does print advertising and direct mailings. Also, ask potential agents about their internet campaign plans for your home. Today, real estate agents should have a website or a blog that they’re using to advertise homes. Most current homebuyers will use their smartphone or tablet to search for their next luxury home.
Social media is another way that real estate agents should be advertising homes. Ask potential agents how they work with social media. Most homebuyers have a Facebook Page, Instagram account, or Twitter handle. If your agent doesn’t take advantage of social media, it may be harder to sell your luxury home than it needs to be.
3. Consider Hiring a Professional Home Stager
Make your home easier to sell by hiring a professional home stager. When people are shopping for a new luxury home, they need to be able to picture themselves living in it.
A professional stager won’t remove all your personal belongings to make your home more appealing to buyers. However, a person who does this for a living will know what they need to take out or add so that a buyer can picture it as theirs.
Staging can be time-consuming and confusing. By hiring a professional, you’ll have guidance. A stager can also optimize your home’s best features to make your home more tempting.
4. Invest in Quality Pictures
In the luxury real estate market, quality pictures are a must. Invest in quality photos to tempt potential buyers to look at your home. Along with this, plan to have a lot of pictures taken. Your real estate agent should be able to recommend a home photographer. Your realtor can also oversee the photographer during the photo session to ensure that they’re taking pictures of the right things.
Consider including a video that features a virtual tour of your home and property. Drone footage is also a good idea. Posting a lot of imagery is essential when selling a home. This is especially helpful for foreign buyers who are often in the luxury home buying market.
5. Include Lifestyle Information
Luxury homes are usually considered luxurious because of their location and the lifestyle they offer their residents. If your luxury home is located in a development that features a golf course or a country club, then highlight this in the home’s listing information.
When people shop for a luxury home, they may also want to know about the community’s other residents.
6. Offer Appointment Only Viewings
Skip holding public open houses when selling your luxury home. Once your luxury home for sale in Henderson, NV is listed on the market, plan to foster an exclusive air by offering appointment-only viewings. There are several benefits to appointment-only viewings. The first benefit is that buyers will feel special that they can view your property. Another benefit is that you can avoid wasting your time showing your home to buyers who are mainly just curious about what your home looks like.
Keep in mind that the luxury buyer pool is smaller. This means that you’ll have fewer viewings. Still, it’s less about tempting homebuyers into your home and more about bringing the right buyers in when it comes to luxury home sales. Luxury home buyers don’t show up at public open houses. If you think that you have several buyers interested in your house, you could hold an invite-only showing.
7. Focus on the Elements that Make Your Home Special
During the early 2000s, real estate professionals coined the term “McMansion” to describe a type of luxury home that was big, spacious, and expensive but mainly tasteless. Don’t let your home seem like a McMansion. Instead, focus on the elements that make your home special, the ones that make your home stand out from the others at a similar price. For instance, you might want to downplay the features that your home shares with many other luxury homes, like granite countertops and tile floors. Instead, highlight the unique features such as the outdoor barbecue or basement wine cellar.
To highlight your home’s special features:
- Mention them in your listing details and include them in your pics and videos.
- Don’t assume that buyers will notice these features.
- Lead with your home’s special features to encourage buyers to make an appointment to tour your home.
8. Give Your Home a Brand
To market effectively, give your home a distinct identity. You don’t have to oversell your home, but consider using a focused message that directs the advertising materials that you’re using for your home. An option is to create or buy a unique logo that you can add to related content, and you could even develop a slogan. When you use a brand to sell your home, it doesn’t have to be obvious, but you should use it to build your marketing strategy.
9. Be Patient
Patience is needed when selling your luxury home. Remember that selling a luxury home is likely to take longer than selling a non-luxury home due to the smaller buying pool. Be patient, and the right buyer will snap up your home.
Luxury Homes in Las Vegas
With its collection of best nominations from the Las Vegas Review Journal, which includes “Best Master Planned Community” and “Best Golf Course”, the MacDonald Highlands community is a place you’ll want to call home. Buying or selling Las Vegas luxury homes requires plenty of quality pictures of your home, good marketing, and professional staging. To learn more about Las Vegas luxury homes in the MacDonald Highlands neighborhood, contact us at (702) 614-9100 today.
Best Features For a Luxury Home Office in 2021
When building a custom home in Las Vegas, be sure to include features that make a home office luxurious. These days, people are working from home now more than ever. Because of this, you’ll want your home office designed as professionally as possible. Here are the best features for a luxury home office in 2021.
Office Furniture that Makes a Statement
Choosing the right office furniture is highly important. To make it luxurious, consider purchasing an executive pair of chairs and a beautiful deck. The combination will give your office an official look. Also, when you go with dark colors like mahogany, gray, brown, or black, your home office will let your clients know that you mean business.
Select one or two high-end bookcases. Depending on your design personality, you can purchase industrial-style metal ones or traditional wood bookcases.
A great way to give your home office a modern look and save space is to install a SkyFloat, a hanging unit designed to hold your phone or tablet. Since you can decide where to hang it, you’ll be able to position it to give you a flattering angle when you’re on a Zoom call.
When decorating your home office, make sure that your selections coordinate well and are visually pleasing in general. While the office décor can be more on the whimsical side, you’ll want your office furniture to appear professional.
Invest in quality frames to display your school diplomas, course completion confirmations, and certificates. This will add to your office’s professional appearance. Displaying these documents will also give your clients more confidence when doing business with you.
If you have any achievements that you’ve accomplished in your areas of interest, then you might want to display these as well. For instance, if you’ve won a golf competition or created something in the artistic field, then share your trophy or art piece. This will help your clients feel a closer connection to you, which may translate into more business.
Be sure to hang a few custom canvas prints—display pieces by your favorite artists to transform your office into a space that will inspire creativity. Custom canvas pieces will also give your home office a personal look, one that might help your clients feel more at ease.
Upgraded Light Fixtures
Purchase upgraded light fixtures for your home office instead of the standard office lighting. Go with something you might spot in a restaurant, spa, or home, such as chandeliers and pendant lights. You can combine these with wall lights, bookshelf lighting, and a soft desk lamp. Use a few spotlights to highlight one or two pieces of art, but don’t overuse them. If you do, then you’ll risk giving your home office a standard commercial appearance, which is something to avoid in luxury home offices.
Use lighting to establish the mood of your office. Separate it into ambient, task, and accent lighting. Be sure to light the space in a way that doesn’t impact your work productivity. Dimmer lights give a room a rich, dark ambiance, but you’ll also want to brighten some areas with several lamps. That way, you can highlight specific focal points like your desk and other furniture.
Luxury homes in Las Vegas often feature large windows. If your home office has big windows, then install fewer artificial light sources. When a space has an excess of brilliant illumination, it will give the area too much contrast and glare. Layer your office’s lighting so that you can manage the mood for different situations like one-on-one meetings, solo work, or small gatherings with a few clients.
A Limited Color Palette
It is possible to use too much color in a space. For an office with high luxury design, keep your color palette limited. As you select the colors for your office, go with dark and neutral shades. Then, add a few accent colors. For instance, if you paint the walls a light brown or a soft gray and include several decorative elements or furniture items in more vibrant colors, you’ll give your office personality without winding up with a look that’s overly busy or distracting.
The Right Accessories
When it comes to your home office, you’ll want to ensure that it has the perfect balance between casual and professional. An easy way to do this is with the right accessories. If you have objects that don’t match or too many knickknacks, it could ruin the ambiance. Because of this, you’ll want to be choosy when purchasing office décor.
Add a few stationery objects to give your office a professional look. To show your intellect and interests, bring in elegant pens, a unique clock for your desk, or a rare book collection.
Set a few focal points. The best focal points are artwork, furniture, or décor that organically attracts a person’s attention. Focal points pull a room together, and you can use them to display your office’s character in a fast and bold way. Place unusual items in areas that are visible as soon as you enter the room. To make them an even bigger focus, use items that contrast the wall color or position lights to shine on focal point items.
There are many different ways to transform your home office into a fantastic workspace. If you want to complete your work in a high-end, luxurious space, plan to spend more to do so. However, you’re sure to find areas where you can budget and still create an office that will encourage you to do your best work.
Luxury homes feature home offices that seem large and spacious. If your home office isn’t physically as large as you’d like, then create the effect. Do this by keeping your office as free of clutter as possible. Clean up cups and put office products away. Also, be sure to hide any visible cables dangling to give your office a clean, minimal look.
Consider your furniture placement carefully. Try placing it in several ways to give your office the most amount of floor space possible. Paint the walls a light shade to make them look larger without investing time and money in construction. You could hire a professional designer to help you make your home office look more spacious, giving it a greater sense of luxury.
Creating luxury office spaces is connected to clever design principles that are visually appealing. When carefully considering your office’s colors, lighting elements, and space management, you’ll create a great, contemporary workspace without breaking the budget.
Give your home office a balanced feel with plants. They make the space feel warm and are an affordable décor element. Plants come in various sizes, colors, and shapes, so you can use them to enhance your office’s current design. They don’t take up a lot of space, and plants will give you access to nature during your work hours, whether you work during the day or night.
Houses for Sale Henderson NV
Las Vegas luxury homes include home offices that you’ll be proud to host client meetings in. When you purchase a home in the MacDonald Highlands community, you’ll enjoy luxury living with awe-inspiring views and high-end amenities. To learn more, give us a call at (702) 614-9100.
What luxury features are a must for a new home in Las Vegas?
Henderson luxury homes for sale in the MacDonald Highlands community include numerous luxury features. You’ll appreciate the convenience of living in a home that has the kind of amenities that you typically only enjoy while on vacation. What luxury features are a must for new homes in Las Vegas? Here’s what to look for.
Smart Home Technology
One of the most desired luxury features in modern homes is smart home technology. When you own a home with this type of advanced system, you’ll be able to monitor your home using your smartphone. For instance, you can confirm that your doors are locked and change the temperature on the thermostat. Smart home technology even allows you to manage the sprinkler system, hot tub, lights, and appliances.
The technology will alert you if motion is detected in or around your home, and you can view the security cameras on your smartphone. Smart home technology offers you peace of mind since you can keep an eye on your house from any location in the world.
Luxury homes in Las Vegas often feature indoor/outdoor architecture. You’ll love this feature because it expands the size of your living space. It also makes it easy and fun to entertain. When a home includes indoor/outdoor architecture, the main living area will have doors that stretch from the floor to the ceiling. The doors will slide effortlessly into a wall giving you access to a side yard or backyard area.
A home with indoor and outdoor elements may include an exterior kitchen with seating, a fire pit, and a water element like a pond or an infinity pool. When shopping for a home for sale in Henderson, NV, keep an eye out for residences that come with sustainable features like permeable paving and plants that are drought resistant. You’ll also want outdoor space that has water-efficient irrigation.
Spa-Like Primary Bathrooms
When you’re in the market for a new luxury home, make sure that the ones you are considering have spa-like primary bathrooms that feature huge walk-in closets and plenty of counter space.
It’s no longer popular to have shower/tub combinations in the bathroom. Instead, look for attached bathrooms with stand-alone bathtubs or deep soaking tubs installed in a nook that’s separate from the shower area. You’ll also want a bathroom with a spacious shower, one that has a handheld sprayer, body jets, and a rain head fixture.
Custom Fish Tanks
Custom aquariums are a popular luxury design feature. A custom fish tank can give your home’s living spaces balance and harmony. They may also decrease stress, help you sleep better, and reduce anxiety. To make it a true luxury feature, designers are using them as a living room focal point. Aquariums built as a circular structures provide an organic effect to a home. It also adds a beautiful element to a part of a home that would have remained empty and unused such as the middle of a staircase. You might even come across a fish tank placed in the ceiling. This placement will give you a unique and memorable home amenity.
Touchless Water Faucets
Touchless water faucets are manufactured to include infrared sensors that activate the faucet valve when they detect motion. This luxury feature in new homes decreases the spread of germs and provides you with added convenience. If you’re cooking raw meat like chicken, then you’ll appreciate being able to wash your hands without contaminating the faucet to do so. Touchless water faucets can also reduce water waste since they will remain on for just the time that you’re using them.
Dedicated Entertainment Spaces
Game and movie rooms are almost a requirement of luxury homes. When you move into a luxury home, you’ll love having separate entertainment spaces. This high-end feature will make it easier to keep your home tidy. You’ll also appreciate the separate space when family members or friends wish to play games or watch movies and others who don’t. Game and movie rooms let everyone participate in their preferred entertainment.
These days, luxury homes may include indoor basketball courts, well-stocked bars, and zero-gravity swimming pools. When you own a home with these fine amenities, you won’t ever need to leave the comfort of your own home to have a good time.
A few years ago, granite was the most popular material for kitchen and bathroom countertops. Marble was another popular past choice. Today, there is a newly popular material in town, which is quartzite. It is one of the trendiest materials you can install. Regular quartz is also a popular choice due to its color variety, durability, and lack of maintenance.
Quartzite is a different material from regular quartz. When you have quartzite in your home, you’ll have a material that is natural stone instead of an engineered product.
The benefits of quartzite include its:
• Similar appearance to marble
• Easy maintenance
The downside to quartzite is that the color choices are more limited. If you want the material, you’ll have to be okay with a white or gray shade. Also, some quartzite counters require sealing.
The benefits of quartz are that it’s:
• Nonporous and able to decrease the number of microbes that are present
• Stain resistant
• Low maintenance
The downside to quartz is that the seams might be a little too noticeable, and it’s not as heat resistant as other materials like concrete or granite.
Large Primary Bedrooms
Large primary bedrooms are a must-have feature for luxury homes in Las Vegas. These bedrooms are elegant, and they offer style and function. Often, large primary bedrooms feature lighted tray ceilings and additional accent lighting to create a cozy ambiance.
When you purchase a luxury home with a large primary bedroom, you will likely have enough space for a sofa and even a few chairs to create a personal sitting area. You’ll love having this private space when you need a slight separation from the noise and activities that may be happening in other areas of your home.
Some Las Vegas luxury homes feature a morning room within the primary suite. Morning rooms are spaces that have walls of windows positioned on three sides. These rooms usually face the east so that the homeowner enjoys a wonderful view of the morning sun.
A Home Gym
A top luxury feature of upscale homes is a personal home gym. The great thing about having a home gym is that you can exercise at any time of the day. Your home gym can be the space where you practice yoga, complete weight training, and perform a cardio routine.
When you have a home gym, you can invest in your preferred workout equipment, gear like a treadmill, elliptical machine, a rowing machine, and a weight set. With a gym in your home, it will be easier for you to stay healthy and fit.
Top Luxury Homes Las Vegas
Las Vegas luxury homes in the MacDonald Highlands community come with the kind of amenities that mimic those that you will enjoy when you stay in a five-star resort. Homes in the MacDonald Highlands community include must-have luxury features like smart technology, spacious primary bedrooms and separate entertainment spaces. For more information, contact us at (702) 614-9100.
Tips For Selecting An Out-Of-State Realtor
For most people, purchasing a new home is an exciting and stressful experience. If you’re buying a home that’s out of state, the process is even more challenging. There are many homes for sale in Henderson Nevada. To make it easier to find the right one, it’s important to hire the best out-of-state Realtor. Here are a few tips to help you select the best Realtor.Read Full Post