What type of properties can I buy in Las Vegas?

“Don't think about its current value. Think about its future value.” - Unknown author

Introduction:

Las Vegas is a great city to buy real estate. Whether you are thinking about buying to live in the property, to flip a home or buy an investment property, Las Vegas offers you different types of properties for you to choose from.

Here are 6 types of properties for you to choose from 🤩

1. Single Family Residence

This is the typical home most buyers are looking for. You can find them ALL over Las Vegas, Summerlin, Henderson, Green Valley and other areas. Garage, no garage, RV Parking, horse-permitted, backyard, etc. The opportunities are endless with this option. All we have to look at is your needs to be able to call a house, a home.

2. Townhomes

A home that shares one or two walls with adjacent properties. Each has its own entrance and often a small front lawn and backyard as well. These homes can be a great home if your budget is a bit reduced.

3. Condominium

A condo, also known as a condominium, is a housing or residential complex in which there are separate units, and each unit is owned by an individual condo owner. Most of them will include a Homeowners Association (HOA) fee that will need to be paid, monthly, quarterly or yearly.

4. Manufactured Home

These types of homes usually are thought of as a "mobile home." There are similarities like they are prefabricated but the difference is they cannot be moved, therefore no longer being a mobile home. It is important to mention that if you want to by these homes with a loan, they will need to be converted to real estate per HUD guidelines.

5. Multifamily Units

In Las Vegas, you can find duplex, triplex and fourplex properties. They will not be all over Las Vegas as it will need to be zoned in Multifamily areas. These are a perfect way to become an investor as a first time buyer as you would be able to live in one unit and rent out the other units to help you cover your mortgage payments.

6. High Rise Apartments

If you like to have a good view of the city, a high-rise apartment is something you can consider. These are residential buildings with at least 70-75 ft in height and can go up to more than 40 stories high!

Remember that buying real estate is not a one-size fits all.

Jennyfer Poveda and her team will make sure that you are buying the best type of property for your needs.

Last Friday Las Patronas de Real Estate had a Facebook live talking about WAYS to finance your investment property! Watch here! ⬇️