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Your guide to buying a luxury home in Las Vegas

What comes to mind when you think about Las Vegas luxury homes? How about vast well-appointed homes, fitted with features such as swimming pools, wine cellars, chef’s kitchens, and backyard movie theaters? If this is what came to mind, you wouldn’t be wrong.

Mansion on ocean

The Las Vegas real estate market is teeming with properties in exclusive residential neighborhoods that offer luxury and comfort, great amenities, and an active lifestyle all set in the beautiful natural surroundings of Las Vegas. 

Apart from the benefits listed above, another great draw is that you can usually get a home that’s far larger than what you’d find in other parts of the country. 

Here are a few pointers to help you land your dream home in Las Vegas.

Ask yourself what you want in a home.

Make a list of all your non-negotiables in a luxury home and of the things that you’re willing to compromise on. Ask questions like, “Which neighborhood suits our lifestyle best?” “What kind of property best suits our needs?” “Do we really need a patio kitchen or an outdoor bar?” This will help you formulate a better picture of the kind of luxury properties that you’d like to look at. 

Be prepared for the possibility that not every property will have every single feature that you’re looking for; even with luxury homes there are often a few compromises. 

Figure out how much you’re willing to spend.

A luxury home is more than just a necessity, it’s an aspirational buy, that should elevate your whole lifestyle. The question then is, how much are you willing to spend on this lifestyle? Overstretch yourself financially and that dream move could quickly go off the rails. Since you’ll always pay more for a luxury home, buying should be approached with great consideration and prudence. Always consult your advisors before making such a sizable investment.

Consider the location.

Take a look at the community: what amenities are available, what developments are underway in the area, and how such changes will affect the prices and the views enjoyed by your prospective home. In addition, consider how accessible the neighborhood is. You want a home in an area that gives you easy access to the best schools, shops, and most of the entertainment and attractions available in the city.

Find out how long a house has been on the market.

Generally, homes in Las Vegas sell in around 36 days. If a property has been on the market for much longer than this, it could indicate some issues with the house, and in this case, you’ll want your real estate agent to probe a little more into the details. Nevada is a disclosure state, meaning that a buyer needs to be informed of any condition which will affect the value of the property. 

Las Vegas luxury homes come at a premium, but they’re also highly sought after, so you want to be sure that when you find one that suits your budget and checks all your other boxes, you’ll be the one who ultimately lands the property. 

For the best chance of success, work with Anthony Romeo Real Estate. Having been in the Las Vegas real estate industry for over 20 years, Anthony is perfectly positioned to help with acquiring your luxury home in Las Vegas. Contact him at 702.353.6759 or send him an email here.

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