Are you curious to know what’s out there for sale in the condo and Town home market? Per the MLS there is an estimate of currently 2724 condos and town homes for sale in Las Vegas and Henderson right now.
Here’s a few Pros and Cons of Two Types of Homeownership. Aspiring homeowners might decide on a condo vs. a home for plenty of reasons: Condos and Town homes offer less time spent doing the upkeep, look more up to date, and maybe be more affordable. However, the economics of a home may work out beneficial , just depending on your style and needs. When deciding on which way to go for investment reasons a condo is much more affordable than single-family home and generally score higher rental income. But, Condos and town homes often appreciate in value much slower than single-family homes. This is because you don’t own any land, which is a key factor to increase or appreciate a home’s value.
Also, depending on where you buy the monthly condo/ town home fee can detour some buyers from purchasing a condo or town home. The average price per month for Association fees is about $200. That $200 could be applied to your monthly payment when it comes to a single family home.
I sell a whole bunch of condo yearly. Please give me a call or send a text if you are interested in purchasing or selling property here in Las Vegas, Henderson, SW, NW, North Las Vegas, Summerlin. All of the Las Vegas Valley, I know the market and I have been helping buyers and sellers for over 22 years full-time in this beautiful city.
Lending issues, some condos and town homes are hard to finance for FHA and VA buyers. I deal with this issue all the time and can most definitely know how to help buyers deal with this.
Enjoy and I look forward to hearing from you, Penny O’Brien 702.321.9383