So you want a pool?
The positives and negatives of putting one in and pool ownership.
So, you want a pool? What are the positives and negatives of putting a pool in your current house? Does a pool offer any return on the investment? What are the costs associated with building a pool and maintaining it? We will take a look at the many positives and negatives of pool ownership.
A pool in Southern Nevada is a necessity for many of us during the hot summer months. Some use it to cool off, some for exercise and others for family fun. Your yard can accommodate a pool and you have decided that you are ready to have one installed. The biggest consideration for a pool is finances. Can you afford to put in a pool? Can you afford the maintenance? Can you afford the increase in your power, water and gas bills? The average cost to install a pool is $30,000 and that is for the bare minimum. When you add in water features, rock waterfalls, special lighting, a spa, landscaping, upgraded tile and permits you can easily spend $100,000 plus. Will you see a return on your investment? The short answer is no. A pool may increase the value of your home slightly but not more than 7%. This also depends of the type of pool, the condition of the pool and of course the buyers preference. Some families with small children shy away from purchasing a home with a pool for safety and financial reasons. A pool can add value to your quality of life and enhance the enjoyment of your home. You can’t put a price tag on that. If you do not choose to get a heating system for your pool expect a very short swimming season, 3-4 months. That was the biggest disappointment when we bought an existing home with a pool with no heating system. We swam from June through the beginning of September. The cost of heating a pool can be insanely high, not to mention installing the gas or solar system.
After the budget is determined for your pool you also need to consider on going maintenance costs. If you plan to hire a pool company to maintain your pool you will be shelling out approximately $100.00 a month depending on how many times they come out and the amount of time spent on the pool. Some companies also charge for chemicals. If you plan to maintain the pool yourself, think about the time you will have to invest as well as the cost of equipment and chemicals. This will vary depending on the size of the pool and the type of pool. On average you will spend about $15.00-$25.00 a week.
Equipment can fail, decking can crack, mold and water issues are common, are you prepared for these kinds of issues before taking the plunge?
I used our pool everyday last Summer. We unfortunately have an issue with black mold and we were unsuccessful with treating it ourselves. The pool needs drained, acid washed and refinished/re-plastered. This job will cost us about $3000. This is an expense we were not prepared for financially.
Take a look at all of the negatives and positives of pool ownership before making your final decision. Research installation, pool contractors, permits, all expenses involved, heating, equipment, utility increases, maintenance, cost of chemicals and weigh the pros vs. the cons.
Las Vegas is a great place to enjoy a pool and it may be the perfect decision for your family. Visit us online at www.findinghomesinlasvegas.com to search for your perfect pool home.
The Sales Team
Tips for Selling Your Home Fast & for Top Dollar
De-clutter * De-personalize * Clean * Curb Appeal * Neutralize
Now that the market has cooled off and things are stabilizing, what can you do to sell your home faster and for top dollar?
Here are a few basic tips to keep in mind. None of these are new or miracle workers, they are simple and easy things to do to improve your chances of receiving offers and selling your house for the best possible price.
1) DE- CLUTTER AND DE-PERSONALIZE. De-cluttering gives a room the appearance of being larger, regardless of its size. Buyer’s want to see the space, not your personal belongings. Remove clutter such as magazines, toys, excess furniture and accessories. If necessary, re-arrange the furniture to make the space more inviting and open. You may want to consider hiring a professional home stager or ask your Realtor for suggestions to best stage your home. Keep kitchen counters clean, remove all small appliances, keep dishes out of the sink and keep the appliances sparkling and clean.
While pictures of the kids, family and pets are incredibly important to you, potential buyers do not want to see them and to be honest they can distract them. Take down excessive photos, kids art work and fridge magnets.
2) MENTALLY PREPARE. Make the mental decision prior to listing your home to emotionally detach yourself from it and say your good byes. This is a business transaction and you must not let your emotions take over. Think of it as a product and not your home. When you take the emotion out of the process it is easier to move forward. Buyers feedback or the lack of offers after numerous showings can sometimes be hurtful if you take it too personally.
3) MAKE REPAIRS. Fix minor issues before listing your house. Caulking, leaks, holes in walls, discoloration on walls, burned our light bulbs, etc. Some sellers choose to get a home inspection at their expense prior to listing. If you are aware of significant problems this may be beneficial and prepare you for realistic repairs, pricing and/or negotiating with potential buyers.
4) NEUTRALIZE. If you have bold taste you may want to consider neutralizing some of the color. Red, blue, green and bright colored walls do not appeal to buyers. They want to envision their own belongings in their home, therefore a nice neutral paint is ideal. If you have the 90′s green carpet, this is another turnoff to buyers. If you do not want to replace the flooring you may want to offer a flooring allowance.
5) CLEAN. I can not stress enough that your house should sparkle and be spotless. It shows better, it encourages buyers to stay longer, it gives the impression the home has been well taken care of and maintained.
6) SMELLS. Many things can cause unpleasant smells such as pets, smoking, chemicals, people, cooking, etc. If you have pets, make sure you can not smell them and keep litter boxes clean. When showing your property if you are home, light a bakery/sweet scented candle like apple pie or vanilla. If you are not home use a wickless candle or electric wax warmer. Your don’t want to overpower the home or mask unpleasant scents but you want the house to smell nice and inviting. I have shown many homes that reek of dog or cat urine where the buyers were so offended they wanted to leave immediately. In a case like this a candle would not help and ripping out all of the carpet, prepping the bare floor and putting brand new flooring in was the only option. We love our pets but they can be destructive and cause a lot of damage to your house. If you get negative feedback on pets smells or smoke smells consult with your agent for options to correct this.
7) CURB APPEAL. This is an oldie but a goody. It is self explanatory. You don’t want a buyer to drive up to a house that is overtaken with weeds or paint chipping off the stucco. First impressions do mean everything and the exterior of your house is the first thing they will see. Keeps shrubs cut back, palm trees trimmed, lawns mowed, sidewalks clear and plant a few flowers around the front of the home. Potted flowers are great as you can take them with you when you move. If your exterior looks shabby consider painting or at least touching up the affected areas.
In closing a lot of this can be done with little to no money depending on the condition of your home. A little elbow grease and time is what most houses require. When you show your home make sure all of the blinds are open and lights are on. People enjoy, light, bright and airy. Buy a few inexpensive bunches of fresh flowers to place on your kitchen counter and dining room table. It does not take a lot to impress buyers. If your house is in poor condition and needs a lot of work be prepared to ask a lower list price if you do not want to spend the money to correct the problems. As a seller you are required by law to disclose any known problems with the house. You have to make a decision to fix the problems or negotiate down the road with a potential buyer.
Are you interested in a personal home evaluation? Call The Sales Team at 702-845-5348 or visit us online at www.findinghomesinlasvegas.com
Las Vegas Real Estate Market Statistics
November 2014. Prices are up, while sales are down!
GLVAR reports local home prices bounce back, while housing sales and supply slip
LAS VEGAS – Statistics released today by the Greater Las Vegas Association of REALTORS® (GLVAR) show the median price of homes sold last month in Southern Nevada bounced back above the $200,000 mark as fewer homes were sold and listed for sale.
GLVAR reported the median price of homes sold through its Multiple Listing Service during November was $202,000. That’s up 1.1 percent from $199,900 in October and up 10.4 percent from one year ago. Meanwhile, the median price of condominiums and townhomes sold in November was $111,450, up 12.6 percent from $99,000 in October and also up 12.6 percent from one year ago.
“It’s good to see local home prices bounce back a bit after dipping down in October,” said GLVAR President Heidi Kasama, a longtime local REALTOR®. “Even though we’re selling fewer properties each month, we’re selling more homes in higher price ranges. That’s keeping our median home prices up. Our local housing market has been fairly stable this year. Unless something dramatic happens in the coming months, we expect to see more of the same in 2015.”
GLVAR’s median single-family home price is still well below the June 2006 peak of $315,000. Local single-family home prices bottomed out at a median of $118,000 in January 2012 before increasing by about 24 percent per year in 2012 and 2013.
According to GLVAR, the total number of existing local homes, condominiums and townhomes sold in November was 2,483, down from 2,861 in October and down from 2,694 one year ago. At the current pace, Kasama said Southern Nevada has about a four-month supply of available homes. REALTORS® consider a six-month supply to be a balanced market.
For roughly two years, GLVAR has reported fewer distressed sales and more traditional home sales, where lenders are not controlling the transaction. That trend continued in November, when 9.6 percent of all local sales were short sales – which occur when lenders allow borrowers to sell a home for less than what they owe on the mortgage. That’s down from 10.6 percent in October. Another 8.7 percent of all November sales were bank-owned properties, down from 8.9 percent in October.
Throughout 2014, Kasama has said short sales have been declining due in part to uncertainty about whether Congress will vote to extend the Mortgage Forgiveness Debt Relief Act of 2007 that expired Dec. 31, 2013. The U.S. House of Representatives voted last week to pass a bill that would extend the tax break for one year and make it retroactive to Jan. 1, 2014. She said it remains to be seen if the Senate and President Obama will approve this extension. If Congress doesn’t extend this law and make it retroactive to Jan. 1, it can create a significant tax hit for anyone who completed a short sale in 2014. Unless Congress extends this act, any amount of money a bank writes off in agreeing to sell a home as part of a short sale in 2014 may become taxable when sellers file their income taxes.
The total number of single-family homes listed for sale on GLVAR’s Multiple Listing Service in November was 13,421, down 7.0 percent from 14,430 in October and down 5.8 percent from one year ago. GLVAR tracked a total of 3,529 condos and townhomes listed for sale on its MLS in November, down 3.4 percent from 3,653 in October and down 2.6 percent from November 2013.
By the end of November, GLVAR reported 8,195 single-family homes listed without any sort of offer. That’s down 7.7 percent from 8,880 such homes listed in October, but up 20.0 percent from one year ago. For condos and townhomes, the 2,458 properties listed without offers in November represented a 3.5 percent decrease from 2,548 such properties listed in October, but a 12.1 percent increase from one year ago.
GLVAR said 31.9 percent of all local properties sold in November were purchased with cash. That’s down from 35.1 percent in October and well short of the February 2013 peak of 59.5 percent, suggesting that fewer investors have been buying homes in Southern Nevada.
The median price of bank-owned homes sold in November was $155,000, down from $161,615 in October. The median price of homes sold as part of a short sale in November was $170,000, up from $165,000 during October.
These GLVAR statistics include activity through the end of November 2014. GLVAR distributes such statistics each month based on data collected through its MLS, which does not necessarily account for newly constructed homes sold by local builders or for sale by owners. Other highlights include:
- The monthly value of local real estate transactions tracked through the MLS during November decreased by 14.0 percent for homes to more than $494 million. For condos and townhomes, the total value of all November sales was more than $65 million, down 17.1 percent from October. Compared to one year ago, total sales volumes in November were down 0.5 percent for homes and 7.4 percent for condos and townhomes.
- In November, 67.1 percent of all existing local homes and 64.3 percent of all existing condos and townhomes sold within 60 days. That compares to October, when 64.6 percent of all existing local homes and 55.3 percent of all existing condos and townhomes sold within 60 days.
Are you considering buying or selling a home in Las Vegas, Henderson or Boulder City, NV? Visit us online at www.findinghomesinlasvegas.com to learn more about The Sales Team or call Steven at 702-845-5348.
Las Vegas Real Estate Market News, November 2014
GLVAR reported the median price of single-family homes sold through its Multiple Listing Service during October was $199,900. That’s down 1.3 percent from $202,500 in September, but still up 8.1 percent from one year ago. Meanwhile, the median price of condominiums and townhomes sold in October was $99,000, down 5.0 percent from $104,250 in September and down 1.0 percent from one year ago. “It’s not that surprising to see home prices start to dip as the weather cools off and we head into the holidays,” said GLVAR President Heidi Kasama, a longtime local REALTOR®. “Local home prices have been stabilizing for months, and homes are taking longer to sell. In fact, I wouldn’t be surprised to see this trend of slower sales and prices continue for the rest of 2014 and through the winter months.” Kasama pointed out that GLVAR’s median local home price is still well below the June 2006 peak of $315,000. Single-family home prices bottomed out at a median of $118,000 in January 2012 before increasing by 24 percent per year in 2012 and 2013.
What do do these stats mean to you if you are considering buying a home? In a nutshell, it is a great time to buy a home. Inventory is up and competition is down. As the holidays approach there are less buyers looking for homes this gives you and your agent negotiating power with the seller. We are seeing homes staying on the market longer and very few multiple offer situations.
Call Steven today to discuss your real estate needs.
Summerlin Las Vegas Real Estate
Learn more about Summerlin Las Vegas Real Estate. Visit www.findinghomesinlasvegas.com to search for Summerlin Las Vegas homes.
Summerlin is nestled in the foothills on the western rim of the Las Vegas valley, adjacent to the Red Rock Canyon National Conservation Area. It is approximately 20 minutes from the World famous Las Vegas strip. Boasting 22,500 acres Summerlin is a master-planned community that offers its residents a wonderful quality of life, incredible views of the Las Vegas Strip and the most diverse collection of housing options and real estate in Southern Nevada.
Since 1990 this community has grown to encompass more than 150 parks, 24+ public and private schools, 14 houses of worship, 9 golf courses, 3 resort hotels, world class shopping, dining, entertainment centers and a state-of-the-art medical center
Summerlin is the perfect community for the outdoor enthusiasts. Hiking, biking, walking, rock climbing, golf, and swimming are just a few of the many activities available to the residents.
Currently there are 19 Villages in the Summerlin area, in the future there will be a total of 31. Each Village has its own trail system that connects into the Summerlin master trail network. Summerlin spans over 4 zip codes, 89134, 89135, 89138 and 89144. There are a variety of real estate options available in Summerlin in every price range. From cozy 1 bedroom condos to sprawling estates, there is something for everyone in this fabulous community. For those looking for a place to retire Summerlin is also home to Sun City, an amazing community for those 55 and over. Sun City Summerlin is at a higher altitude of 3000 feet and boasts 7779 homes which includes single family, garden villas as well as patio homes.
Summerlin is a great place to call home and we would be happy to assist you with your research and your home search.
Visit www.findinghomesinlasvegas.com to set up a real estate search for homes in Summerlin or call us and let us customize a search for you.
The Sales Team
Las Vegas, NV Real Estate Market Watch
Have you been watching the Las Vegas real estate market? Are you considering a move? With Spring upon us, it is a great time to buy or sell a home in the Las Vegas valley. Inventory is up, which means there are more homes on the market. A lot of investors have left our market, which means less competition. Mortgage rates have remained low and there are new programs out there for those interested in purchasing a home with only 1/2% down. Traditional sales have taken over from Short Sales and Foreclosures which means faster closings and no hassling with the banks. After a flat start to the year, Las Vegas home prices are on the rise again.
The median sales price of previously owned single-family homes in Southern Nevada in February was $190,000, up 2.7 percent from January and 26.7 percent from a year ago, says a new report from the Greater Las Vegas Association of Realtors.
January’s median, $185,000, the same as December 2013.
If you are interested in buying or selling a home in the Las Vegas area we invite you to visit our website at www.findinghomesinlasvegas.com. On our website you can search for homes, set up listing alerts, subscribe to market news, and request a CMA to get the value of your current home. If you have any questions or need assistance please feel free to contact us at your convenience.
We look forward to speaking with you!
The Sales Team
Las Vegas Real Estate Market Watch!
Tis the Season for House Hunting!
What is going on in the Las Vegas Real Estate Market? Is it a good time to purchase a home? After a one-month dip, Las Vegas home prices are climbing again. The median sales price of previously owned single-family homes in Southern Nevada in October was $185,000, up 3 percent from September and 32 percent from October 2012, according to a new report from the Greater Las Vegas Association of Realtors.
Prices had slipped 1 percent in September from August, marking the first time in almost two years that Las Vegas home prices fell from the previous month.
In a prepared statement, GLVAR President Dave Tina said he would not be surprised if home prices dip again this year, as “prices and sales usually cool off along with the weather and the holiday season.”
Las Vegas was ground zero for the housing crash last decade, but prices have been soaring at one of the fastest rates nationally this year amid limited inventory and strong demand from investors, who have been snapping up cheap homes to turn into rentals.
Inventory levels are up! What does this mean to the buyer? With inventory levels up, there are more homes on the market and less competition. It is easier for a buyer to get an offer accepted. We are seeing fewer multiple offers situations and homes tend to be staying on the market much longer than the previous 3-12 months. The Holidays are a great time to house hunt as the pool of buyers decreases dramatically. Tis the season to house hunt, the perfect gift this season is finding your dream home!
The Sales Team
Keller Williams Marketplace
Welcome to Boulder City, NV
Community & Real Estate Information
Boulder City is located approximately 20 miles from Las Vegas, NV and 8 miles from Henderson, NV. Boulder City is one of only two cities in Nevada that prohibit gambling, yet is close to many casinos for those who wish to try their luck! Boulder City is a quaint town with family values and a lot of charm. While most cities in the American west are relatively “new” compared to older cities in the east and elsewhere, Boulder City, Nevada is significantly historic with regard to its creation and relationship to the Hoover Dam. The city was created by the federal government in the early 1930′s to house the management and construction workers who built and later operated the dam, and the city remained under federal jurisdiction until 1959. Much information about the dam’s creation and the city’s history can be obtained through various media sources such as books, the internet and documentaries on cable television, as well as at the dam itself and the local Boulder City-Hoover Dam Museum.
With a population of approximately 15,000 people Boulder City is home to retirees, families, artists and many others. In the heart of Boulder City is the downtown district which offers an array of restaurants, antique shops, gift shops, lodging, government buildings and many other small businesses.
There are numerous parks throughout the town, a city pool, two golf courses, hiking and mountain biking trails and is only a few miles to Lake Mead. Boulder City is host to many festivals and community events throughout the year including: Art in the Park in October and the Best Dam BBQ Festival in May. Holidays are always a good time in Boulder City with Fireworks on 4th of July and numerous parades throughout the year.
There are many real estate options available in Boulder City, from cozy, affordable condos to sprawling mansions overlooking Lake Mead and everything in between. The current median sales price is $166,500 and $127 per square foot. The historic district consists of several hundred homes and businesses that were built in the 1930’s and 40’s and in 1983 were listed on the National Register of Historic Places. There are some really interesting homes here and some have been completely restored and modernized but the historic features and architecture are still in place.
Boulder City is a great place to call home and offers so much to its residents. Family values, small town feel, low crime rates, affordable housing, location and so much more!
If you are interested in learning more about Boulder City or would like a customized MLS email search set up call the Sales Team today at 702-845-5348, visit us online at www.findinghomesinlasvegas.com or email us at email@example.com.
THE SALES TEAM
Why Retire in Las Vegas, NV?
There is more to Las Vegas than casinos, showgirls and endless buffets. We are proud to be the Entertainment Capital of the World, but the Las Vegas Valley has so much more to offer. If you are considering retiring in Las Vegas, Henderson or Boulder City, we have put this post together to discuss a few of the benefits of living in our wonderful community.
First of all housing is very reasonable in Las Vegas and there are an array of different housing options. From active adult communities, high rise condos, town homes, assisted living, gated communities and luxury living, we have something for every taste and every budget. To get an idea of pricing and neighborhoods visit www.findinghomesinlasvegas.com to search for homes. If you would need assistance in setting up a listing alert, email or call us anytime!
Sun City has many communities throughout the valley. Sun City Aliante and Sun City Summerlin are the Vegas communities and Sun City Anthem and Sun City McDonald Ranch are the Henderson communities. Sun City Anthem has been recently named one of the best places to retire in America. These Master Planned Communities are age restricted, offer many different housing options, have wonderful amenities, golf, clubs, activities and are in close proximity to the Las Vegas Strip and Mccarran Airport.
Nevada has no state personal income tax, no inheritance tax, no estate/gift tax, no capital stock tax or corporate income tax. These are all very important factors to consider when deciding where to retire. The State tax in Nevada is 8.1% and food and prescription medication is exempt. Property taxes are based on the assessed value of the home and differ by district.
Las Vegas is in close proximity to the mountains, hiking, skiing, fishing, boating, and many National Parks. Lake Mead is a 30 minute drive away. The Grand Canyon South Rim is 285 miles and we are only 230 miles to the fabulous beaches of Southern California. Our climate is hot in the summer with very little humidity and very mild in the winter. We have very little rainfall and plenty of sunshine throughout the year with an average of 292 days of bright sunshine!
If shopping, dining and entertainment are important to you, we have it all. From top Celebrity Chef restaurants to wonderful locally owned dives there is something for every budget and every craving. Shopping is not only on the Strip, we have wonderful shopping malls and locally owned stores throughout the valley. If you like antiques, Boulder City is a short drive away and offers many antique shops to find treasures. There are top shows on the strip, Broadway shows, attractions, theaters, art exhibits, concerts, museums and so much more. Casinos are plentiful in the valley, from smaller local dives to elaborate luxury casinos on and off the strip.
There are many parks, community recreational centers as well as libraries and churches all over the valley. We also have many anual festivals, parades and other community events going on throughout the year.
There are several reasons to consider retiring in Las Vegas, weather, financial, location and amenities are just a few. We would be happy to answer any specific questions for you, set up a home search on www.findinghomesinlasvegas.com or send you a complimentary relocation package. Email us at firstname.lastname@example.org or call us at 702-845-5348.
Tuscany Village, Henderson, NV, A Wonderful Master planned Community!
May is upon us, Spring is in the air and this months featured community is Tuscany Village! Tuscany Village is a Master Planned Community located in the South East part of the Valley in the City of Henderson, NV. This amazing 24 hour guard gated community features a stunning, state of the art clubhouse, top ranked golf course, golf club and a wide variety of real estate options. Homes in Tuscany range from the mid $100,000′s to over $600,000 and include floor plans from 1200 square feet to over 4000 square feet. There are one story, two story and three story models as well as townhomes available. With award winning architectural designs and meticulously crafted interiors you are certain to find your dream home in Tuscany. Visit www.findinghomesinlasvegas.com to search for homes in Tuscany or call us to set up a customized search for you.
Tuscany Village is located approximately 20-25 minutes from the airport and the world famous Las Vegas Strip. It is just minutes to Lake Las Vegas and a short drive to Lake Mead. Lake Las Vegas offers incredible shopping, dining, accommodations, events, concerts and a casino.
Tuscany’s clubhouse is named La Vita Tuscana and offers an abundance of amenities. This 35,000 square foot, state of the art facility boasts a fitness center, a basketball court, racquetball, badminton, meeting space and offers numerous classes as well as planned activities. Outdoors, enjoy the two swimming pools, relax on the beautiful patio, play beach volley ball, basketball or take the kids to the playground.
Tuscany’s Golf Course has been named number 1 by Golf Magazine for two years in a row for it’s BBQ rankings!(Bang for the Buck Quotient). This gorgeous, 72 par, beautifully maintained public golf course was designed by Ted Robinson and offers players a challenging 18 holes while enjoying the beautiful surroundings.
For information on schools, hospitals, shopping and utility information please visit: http://www.mytuscanyvillage.com/myNeighborhood.html.
Tuscany is still building new homes and offers models for touring a few of the amazing floor plans. There are also many re-sale properties available. If you are considering renting, Tuscany does have rental properties and tenants enjoy all of the wonderful amenities Tuscany Village has to offer. To learn more about the real estate options in Tuscany or any other community call the Sales Team today at 702-845-5348 or visit www.findinghomesinlasvegas.com.
The Sales Team