What is the biggest mistake of first time Las Vegas Condo Buyers?
They don"t understand the complexity of owning a condo unit. They don"t understand that they could be responsible in part for not only their unit and the roof on their building, but they may be responsible for the roofs and the common areas on the rest of the condo project. So while their condo and building is inspected and looks good to them, they need to find out as much as they can about the condo project as a whole, to make sure they"re doing the right thing in getting into a condo project where there are not serious problems.
What is the main problem with Las Vegas Condo Fees?
The problem is, depending on the association, the monthly association fee may or may not be realistic. And they need to understand that that assessment is going to go up, particularly when they buy new construction or a conversion. First time buyers should look for condo developments that are being built by experienced builders as they are in a position to give the most realistic numbers.
What is the best location to buy a Las Vegas Condo?
In Las Vegas there are many great neighborhoods in which to buy real estate. Obviously, anything near the strip is great for young people who love to go out. Henderson is perfect for those who are looking for an affordable family neighborhood. Henderson has very good schools and affordable single family houses.
I would recommend the South Strip as the best mix of all of Las Vegas. You will still get a Strip address, next to but not in the hub of activity. The South Strip has been called the "New Vegas" and is an area of booming development. Many new casinos, shopping meccas and restaurants are coming to this area including Town Square, M Resort and a hefty expansion to the Silverton.
ONE Las Vegas is a great option because it is located in the South Strip and offers great luxury amenity packages. With shuttle and concierge service, residents can have all of the benefits of a downtown Las Vegas condo without all of the tourists and gridlock.