January 10th, 2017 By Kathi Russo in Blog
Why is there a large gap in the pricing of new construction homes over resale homes for sale in Las Vegas , NV? It is simple. The cost of the land. It costs the same for the dirt to build $200,000 entry level homes as it does the $500,000 home. The same roads, power ,water, fire hydrants, community areas,parks all cost the same. There is much more profit margin for the Builder in the higher priced homes.
Some people may prefer certain locations of the city over others that carry the lower price tag. People are visual. They love to tour Model Homes and dream of all the builder upgraded . What they do not understand is that these are pricey options that add up very quickly when adding them to the bottom line or base price of the new construction home. Features like Fireplaces, landscaping, window coverings, upgraded flooring, upgraded kitchen cabinets and counter tops , lighting and appliances do not come standard. They are however available at the builders marked up price. Some of these costs can be offset by other incentives that may be offered in expert Realtor represented negotiations . REMAX has saved thousands of dollars for the homebuyer from all the major builders in the Las Vegas area. We are aware of availability, special incentives , standing inventory , spec homes priceed to move inventory , etc. If time is not a factor for move in date . This option may be best for you as a buyer.
Resale Homes have some advantages because you can see the developed neighborhood. Neighboring homes and landscaping is settled and established. The community amenities such as shopping , restaurants, schools and transportation is established and convenient. The price point is lower and some people prefer DIY projects to save the money . This allows them total creative control. It s much cheaper to install your own preferred flooring and window coverings . Either way. REMAX has assisted hundreds of home buyers in Las Vegas , NV, Henderson NV, NAFB, Summerlin , Inspirada and more .
If you are wondering about financing. We can help with that as well. I can have you in touch with a experienced Lender before we start searching to assure we are looking in the correct price range for your budget