Discover Great Deals For North Houses

Introduction

If you are moving to Las Vegas, think of finding north houses or accommodation for rent or sale. The city is a bustling metropolis, but the north side is an ideal location to live. It is out of the boundaries of the Strip and Henderson Avenue where most of the traffic (human and vehicles) happen, yet near enough if you're working in the area. Downtown Vegas is a close neighbor.

Step 1

If there is a good time to buy north houses, now is the time to do it. The value of real estate properties has depreciated so badly with the economic downturn. Nevada is one of those affected and prices of north houses in Las Vegas are low.

Step 2

Considering that the depreciation is more than 50% of appraised market value, buying north houses now would cost you anywhere between $80,000 to $200,000. The upper range is already in one of the coveted subdivisions. However, for a reasonable price from $80,000 to $100,000, you can own north houses in Las Vegas. These homes used to sell for double or triple their price.

Step 3

That said, looking at foreclosed homes is a good idea since they will yield the best offers and deals for north houses. Get in touch with a real estate agent and arrange to see north houses for sale or rent, Most of these realtors have websites where you can already pre-shop for north houses in Vegas. Virtual tours are available and it is easy to check if the house is suitable for your needs such as the sizes of rooms, number of bathrooms, property/yard size, and so on.

Step 4

Select a bunch of north houses in Vegas that you would like to see with the realtor. They are usually vacant since they are already foreclosed. Inspect the state or condition of these north houses including the roof, walls, electricity, and the general condition of the structure. You will see that not all houses are left in pristine conditions. You probably have to re-tile the kitchen, fix some plumbing issues, change the carpets, and upgrade a few kitchen appliances. Fixtures such as a fridge, washer, dishwasher, and cooker are left behind. However, some might need repair or replacement.

Step 5

A lot of people are not only buying north houses for themselves. They are also speculating; buying foreclosed homes, making improvements, and later, renting these out. The monthly rent for a north house is between $800 to $1200, an amount that is sufficient for monthly amortization fees. So, in a way, buying north houses in Vegas is an investment and if real estate prices pick up and you decide to sell the property, you'll know you just made a kill. Bear in mind that not all deals for north houses pan out. There are also owners who back out at the last minute or the bank that refuses your offer on the house, and even a loan application that is denied.

Tips

Las Vegas is really an exciting city not only because of all the fun you get when you’re a visitor. It’s not named the entertainment capital of the world for nothing. From the moment you step out of the McCarran International airport, you’ll feel the festive atmosphere. The airport has machine slots everywhere and if you go to the Strip, Fremont area, you'll surely never stop gawking at all those machines and lights that got people so mesmerized with the city. But, if you are living in one of those north houses in Vegas, you are in a good location. The glitz of Vegas is still there because you are near to the Downtown. If you really want to avoid this, think of the adjacent communities such as Blue Diamond, Boulder City, Cold Creek and Moapa Valley.

Comments

Most Recent Articles