Where you choose to buy your first or second home, is just as important as the features within the home itself. It’s not just a home, it’s a lifestyle, it’s a playground and it’s a space that you will soon make your own for whatever it is that you choose. This is why it’s important to not only pick the right home, but to also pick a home that is in the best area for you.
The home and the location of the home are both strong factors that should weigh heavily into your luxury home buying decision. So if you are tired of shoveling snow, Las Vegas could be a great new place for you to buy your first (or second) luxury home. It is also a great investment too.
While known for its massive casinos, endless nightlife, fabulous shopping and celebrity appearances, the great city of Las Vegas has so much more to offer its residents than just easy access to The Strip, I promise.
That being said, here are 11 great reasons on why you should not only buy a luxury home (or two) in Las Vegas but why you should live in it too. These reasons may or may not surprise you, but they are guaranteed to make you consider living and flourishing in the great city of Las Vegas.
1. Low prices, high value
The median home price in Nevada is currently around $200,000, which is slightly more than the national average but far less than the average price in major cities like New York and California. Which means that your dollar goes a whole lot further in Las Vegas, Nevada than in most major cities around the United States. If you’re on the fence about purchasing a home, but don’t know how you’re going to finance it, here is some insight on the mortgage loan options available to you as well. [link to mortgage article]
It gets even better because buying in Las Vegas is also a worthwhile investment. Most homes in the luxury home market of Las Vegas tend to sell for more than the buying price and this number increases as more custom built features, high-end kitchens, and resort-style backyards are built into the home.
2. Luxury living (at an affordable price)
Since the average price per square foot is much lower than in other major cities, you can buy more for less in Las Vegas and live the royal life you deserve. On top of this, the resale value for luxury homes in the Las Vegas market is on a steady incline. The more unique, the more the home will go for. It’s all about character in Las Vegas, which people are willing to pay a steep price for, as I am sure you can only imagine.
3. Centrally located housing
Aside from easy access to the Las Vegas Strip, fine dining and discounted high-end shopping, Las Vegas residents also find themselves with a mass of opportunities to explore the western United States. The area offers convenient access to areas like California, Reno, Lake Tahoe, Arizona, New Mexico and the entire Midwest gateway. Lots of great family road trips await. There is also easy access to doctors, hospitals and convenience stores all around the local luxury home communities. There is barely a reason to travel too far from home, as everything you need can be found within close vicinity.
4. Exclusive economic and tax benefits
As a lucky resident of Nevada, you will not only get to enjoy world-class entertainment, dining and shopping but you also get to reap all the local tax benefits and incentives that come with it. In Nevada, there is no personal income tax, extremely low property taxes and a relatively low cost of living. Additionally, as if that was not enough incentive already, there is also no tax on medicine or food purchases in Nevada. So while the tax burden may be high in states like California and New York, in Nevada, you can actually enjoy more of your hard earned money. Start thinking about what you are going to do with all that extra cash flow.
5. Family-friendly fun for all ages
While the majority of the world sees Las Vegas as a 21+ member only city; this is truly not the case. Within the quickly growing city of Las Vegas, right outside the Strip, there is fun and entertainment for family members of all ages. There are countless public recreation areas, green spaces, lavish parks, golf courses, and aquatic centers, just to name a few, all around the area, ready for your enjoyment. If you enjoy the touristy district of The Strip, there are also countless options available here, not all of which have a 21+ age requirement. There is fun for the whole family all around Las Vegas; you just have to keep your eyes open.
6. Access to the great American outdoors
While living in Las Vegas, you will have access to some of America’s most beautiful and iconic outdoor parks at your fingertips. The Grand Canyon, Zion National Parks, and Bryce Canyon are just a few of the most known and popular to visit, but by no means the only ones. There is also the Hoover Dam, Lake Mead Recreational Area, Baja Sand Dunes, Red Rock Canyon and even the Colorado River all within minutes of Las Vegas.
I’ll stop name-dropping and let you discover more of the countless options to explore, all located right around the corner. When you buy a luxury home in Las Vegas, it comes with a whole flux of natural outdoor luxury, right in your backyard. Come on over and enjoy it.
7. Endless food, shopping, and entertainment options all around
Yes, there are casinos (since gambling is legally and all), lots of them to be exact but there is also access to so much more than that. Aside from lots of nearby road adventures, the Las Vegas eco-system offers countless dining options in a wide array of options. You can find just about any type of food your palate is craving. Local residents also have access to discounted shopping, exclusive performances, nightclubs and experiences that can’t be seen anywhere else in the world. There is truly no place like Las Vegas. Come find out and experience it for yourself, I swear I’m not lying.
8. Quickly growing city center
Originally, the only reason people traveled to Las Vegas was for The Strip. Today, the city has so much more to offer its residents and visitors alike as it continues to grow into an urban and vibrant metropolis offering the perfect mix of business, family and party lifestyles alike. There are countless dining, shopping, and entertainment options all around, not just The Strip.
9. Great school system
Believe it or not, the Las Vegas community offers a great variety of both public and private schools, many of which are top rated in the United States. So no matter what your child is into or the type of learning environment they grow best in, there is something out here for every child, young and old.
10. Lots of jobs
If you are nervous about relocating due to fear of not being able to find a new job, fear no longer, as the Las Vegas market is only growing. The Nevada job market had continued on an upward curve in recent years with unemployment rates decreasing and available job market opportunities increasing. And no, they’re not all casino gigs; there are many available opportunities in mining, education, and construction, just to name a few.
On top of that, the low tax rate makes it extremely feasible for entrepreneurs to build their own business. So if you can’t find your dream job, you can build it for yourself.
11. The Weather
There is also an average of 300+ days of sunshine year round. The weather is actually one of the main reason majority of people choose to move here, everything else is just the icing on the cake. No seasonal depression here. While some months are hotter than other, the average temperature in the valley is just around 67 degrees. If you enjoy the heat, May through July tend to be the warmer months, but the evenings here stay cool year round.
Other great reasons to move and buy luxury homes in Las Vegas are the great community benefits, golf courses, spas and social venues exclusively available to residents of these luxury home communities. Residents also enjoy socializing with the friendly and welcoming neighbors of these communities. There are loads of culture to experience, enjoy and take in all around the Las Vegas luxury communities with residents from all over the United States and even diverse parts of the world.
Have I convinced you yet? Are you ready to start looking? If you are ready to take the plunge, or still have some questions, give me a call today and let’s figure out the best next steps are to find your dream home today. Take advantage of my 18 plus years of experience and expansive knowledge of the most luxurious master-planned communities in all of Las Vegas.