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What's it like to live here?: Las Vegas Real Estate

Las Vegas Ballpark Topped-off!

Las Vegas recently celebrated a special topping off ceremony on Las Vegas Ballpark to mark construction progress and recognize the work of nearly 200 construction workers on the project!

Recently celebrated with a special topping off ceremony on Las Vegas Ballpark to mark construction progress and recognize the work of nearly 200 construction workers on the project. Dignitaries and workers added their signatures to a steel beam before it was hoisted by crane into position as part of the ceremony

Las Vegas Ballpark, located on eight acres just south of City National Arena – practice facility for the Vegas Golden Knights, is the future home of the Las Vegas 51s. It is expected to be completed by March 2019 and will also host civic, community, nonprofit and sporting events. Las Vegas Ballpark will provide a wide range of seating options including 22 suites, club seats, berm seating, party zones and decks, picnic tables, kids’ zone, bars and even a pool beyond the outfield wall. Designed to create a festival-like atmosphere in Downtown Summerlin, the site will be landscaped to complement the surrounding master-planned community. The site is easily accessed from all regions of the valley via the 215 Beltway and is part of unincorporated Clark County. For information on Las Vegas 51s, and season ticket information, visit https://www.milb.com/las-vegas/.

Do School Districts Affect Home Prices?

What exactly goes into determining the value of a Las Vegas Real Estate property?

In many cases, appraised value is based on an algorithm with variables including the home's actual construction, land values, location, and more.

In addition to reviewing the appraised value, how much a home is worth to you?
Factors like demographics, crime rates, traffic, and proximity to shopping and other conveniences can make a big impact on what it is worth to you and your family!

So, how much influence does the area's school districts have on a home's price?
Here's what you may be interested to know.

Great Schools Matter More than Good Schools

Although some argue that certain schools perform better as a result of being in a more affluent neighborhood, rather than the other way around, it's hard to argue with statistics when it comes to the correlation between quality school districts and home prices.

A study found that the cost of homes in areas where the school districts were only average was based almost purely on the home's characteristics like size and location. In above-average school districts, however, properties are often priced well above what the characteristics of the home would have indicated. This suggests that only top-notch schools significantly impact home sale prices.

According to the National Association of REALTORS®, approximately 25 percent of all buyers are concerned with the quality of school districts in their potential neighborhoods.

40 percent of buyers at peak child-bearing age (36 and under) reported that school districts were a major influencing factor in choosing a home, as did 35 percent of those between the ages of 37 and 51. With such a large demographic citing this as a concern, it's not surprising that school districts are a factor in determining home pricing.

Economists estimate that a 5 percent improvement in a school district's test scores can increase home prices in the area by approximately 2.5 percent.

A study of metropolitan areas across the nation found that being located in top-notch school districts can add an average of up to $50 per square foot to a home's price. This means buyers of a 2,000 square foot home could be shelling out up to an extra $100,000 to be in a great district.

When it comes to pricing homes, supply and demand is a major factor.

The simple fact is that there are only so many homes available in the best school districts, and there are often more buyers than sellers. This means a bidding war may occur when a home goes up for sale in a desirable area, leading to homes being sold for well above the asking price. When the next home goes up for sale, appraisers use the most recent comparable sales to assess its value, and the snowball effect continues.

The bottom line is that buying a house in an area with excellent schools is likely to cost you more. However, as long as the district retains its status, it should continue to contribute to your home's value for years to come.

To learn more about the Clark County School District, and to view school website, a list of magnet schools and more.. go to http://www.ccsd.net/schools/

Pricing Your Home to Sell

If you've recently decided to sell your home, you might be experiencing a range of thoughts and emotions. Besides the committment to sell your home, choosing your asking price is probably the biggest choice you will face. Working with an experienced agent is key, and having professional guidanceallows you to list your home with confidence. Following are some home pricing thoughts you'll want to consider before making a decision. 
 

Get Acquainted With the Market
The housing market changes often, and trends develop because of supply and demand. Your strategy may be much different in a buyer's market than in a seller's. Research to understand what is happening in your area. Upfront knowledge is important in deciding, and a REALTOR® will provide valuable insights into the market.
 

The Power of Comparison
It's your right to ask any price you want for your home, but that doesn't guarantee that you'll get it. An huge part of pricing your home is to look at comparable homes and–not what they listed for, but what they sold for. Your REALTOR® can provide you with a comparative market analysis which is full of helpful information on your area comps.


Put Your Emotions on Hold
Of course, your home holds sentimental value, as it should, but some parts of your home may be worth more to you than they would to a potential buyer. Are there add-ons that may detract from the value to buyers? Could your home use a makeover? The answer to these and other questions, when answered honestly, may influence how you ultimately price your home.


Spruce Up Your Home
Your home may be in good or even great shape, but most homeowners can find a few things that need attention. Small projects such as tidying up your home's landscaping and decluttering its interior may allow you to up your asking price. Potential buyers will be looking at the home as a whole but will hone in on details as well. A tidy, welcoming home is what they hope to see.

Taking the time to do your research and make your home its best before listing your home will make the pricing process easier.

Thinking about buying or selling a home? Call, text or email me today for a personal home value check and to scope out your neighborhood's selling potential. Suzett Hill 702-279-7199 or suzett.hill@cox.net

Home Staging Tips Designed To Sell

 

HGTV Designer Lisa LaPorta shares some of her best home staging tips.

Grimy bathroom walls are a major red flag to buyers. Here is an easy way to get rid of surface mold: Mix a spray bottle with one part water and one part bleach. Just spray it on the wall, and watch the mold disappear. Give it a fresh coat of paint, and your grimy bathroom will go from red flag to red-hot.

Don't replace a yucky shower door: Just scour it. A grimy glass shower door can really wash out your sale. Instead of replacing it, clean it with a mixture of one part muriatic acid and about 10 parts water. Scrub with steel wool. After wiping it down, reinstall the door and you'll have a shower that'll help you clean up at the open house.

Avoid dated tile by painting. Bathrooms sell houses, but dated tile in a bathroom doesn't. A low-cost alternative to replacing the tile is to use paint. First coat the tiles with a high-adhesion primer. Next, brush on a special ceramic epoxy covering. For a fraction of the cost of new tile, you will have an up-to-date bathroom that brings in big bucks.

Pedestal sinks are a big hit with buyers. They show off square footage in small bathrooms beautifully. First, your old vanity has to go. Next, just hook up your new sink, and your bathroom will have dramatic appeal that brings in big bucks. Plus, buyers will see how much floor space your bathroom has.

A master bedroom should appeal to both sexes. When you are selling, your master bedroom should appeal to buyers of both sexes. Get rid of features that seem too gender-specific. Paint the walls a neutral color, and choose bedding that matches. Then accessorize with items that complement the overall color scheme.

Do you have an overpowering brick fireplace that sticks out like a sore thumb? Here's an easy way to tone it down with paint. Use a rag or brush to rub a light coat of paint on the bricks, one at a time. This will give them a new tone without covering them completely. And, if you use a paint color that matches the walls, your fireplace will go from sticking out to standing out.

Updating an old fireplace screen is a cheap (and quick) fix. After removing the screen and wiping it down to get rid of the dust, mask off the windows so you won't get paint on them. Then, using a can of heat-resistant spray paint, give the screen a facelift. Hold the can about 18 inches away, and use long, even strokes. For less than $5, you will have a fireplace screen that'll keep your sale from going up in smoke.

Turn an unattractive fireplace into a selling feature. Need to turn an unattractive fireplace into a selling feature? First, that dated brass screen has got to go. Next, give the fireplace a good cleaning, scrubbing it with soap and water. Then, using a stone color enhancer, polish the bricks to make them shine. In no time you will have a fireplace that will turn your house into the hottest property on the block.

Stain dated kitchen cabinets instead of replacing them. Dated kitchen cabinets can be a big turnoff to potential buyers. Instead of paying big bucks to replace them, just stain them. First, apply the stain in even strokes, going with the grain of the wood. Add some stylish hardware, and your kitchen will have the up-to-date look that buyers love, for less than $200.

Stainless-steel appliances are definitely in with buyers. Instead of buying a new dishwasher, here is a low-cost way to resurface an old one: First, remove the front panels, and clean them. Next, apply a stainless-steel stick-on covering, and cut it to size. For just $20 your dishwasher will go from outdated to ultra-modern.

Fill existing hardware holes instead of making new, unsightly ones. Removing old kitchen hardware can leave your cabinets with stripped-out holes. Here is a trick to reusing the existing ones.

First, dip a toothpick in glue and place it in the stripped hole. Cut off the excess piece. Once the glue dries, you'll be ready to put in the hardware that buyers love.

Save money on granite countertops. Granite countertops are a huge selling feature, but they can be expensive. Here are a few ways to save on this investment:

First, do the demo yourself. Also, ask the vendor for remnants from previous projects. Remember, any money you spend will definitely be returned in the value these beautiful counters add to your kitchen.

New kitchen appliances bring high returns from sellers. Studies show that new kitchen appliances bring high returns from sellers, so get rid of old appliances that make the rest of the kitchen look dated. Once you install the new equipment, it will scream "new kitchen," and you will see that spending a little money will make you even more.

Need to dress up a window but don't want to shell out big bucks for window treatments? Here's a trick: Use place mats. First, apply a hook-and-loop fastener to the place mats and attach them in a row to a basic curtain rod. Now that the place mats are attached to the curtain rods, pin them together at the bottom, and you'll have a stylish valance that costs about $12.

Adding drama to old hardwood flooring is easier than you might think. First, isolate damaged boards, cut them out and replace them with new pieces. Rent a sander from a local hardware store, and give the floor a good sanding. The last step is to stain the boards with a rich color, and watch your floor go from drab to dramatic in no time.

Buyers love built-in bookshelves. There's a fine line between filling them with clutter and staging them to sell. The trick is to arrange neutral items in clusters. Make sure that no single accessory stands out too much. That way, you'll show off your attractive built-ins, and not your personal belongings.

Curb appeal is vital to attracting buyers. Here is how to stop traffic using color. First, with two tones of paint, add a faux finish to any corner keystones. Next, bring out the color of walkway pavers using a stone sealer. Plant flowers in bloom, and you'll have buyers swarming like bees to your front door.

A nice outdoor deck can be a big selling feature, but an old one is a major liability. To give your outdoor space new life, first sand the wood. Cover it with a light-colored stain instead of paint to give it a rustic, grainy look. Furnish it for entertaining, and watch your open house turn into a party.

Breathe new life into a worn patio. Do you have a red-brick patio surface that needs to be freshened up? Here is an easy way to give it new life with paint. First, roll a light coat of paint onto the bricks. Next, lightly spray them with water and then dab them before they dry to give them an outdoor look. When you are done, you will have a patio that looks fresh and reels in buyers.

Staging rooms to show off their true potential is essential when selling your home. Clear out clutter or other personal items that will distract buyers. Paint the walls a neutral tone, and furnish the space to show off how functional it is. When buyers come through and imagine themselves there, you can bet an offer isn't far behind.

A shabby wood-panel wall is not a strong selling point. Instead of ripping it out, cover it up. Use wood filler to carefully fill in all the cracks between the panels. Then, use a sponge to wipe away the excess filler. Once it's dry, paint the room. You'll see an unattractive wall go from standing out to blending in.

Use tape outlines on the floor instead of actually moving furniture around. Rearranging a room to stage it for your open house? Here is a tip to save time and effort: Instead of lugging the heavy furniture around the room to see what feels best, put outlines on the floor with painter's tape. Arrange the room according to your outlines, and save your energy for counting offers.

Vinyl tile is an inexpensive way to update your home. Laying vinyl tile is an inexpensive way to update your home, but there's a right way and a wrong way to do it. You need to avoid laying patterns that look too perfect. Instead, make sure to switch up the direction and placement of the tiles to mix the tones. That way, you end up with a floor that has a natural feel.

Let the sun shine in. Buyers love light and airy living rooms, but dark and dingy isn't on their list. Open up your window shades to let some light in. Cheat some sunshine with a light-colored paint and lots of artificial lighting. You can never have too many lamps. Last, arrange the space with lightly colored furniture, and you'll have a living room that brightens your chances of a sale.

Stage rooms with one purpose so buyers will know what it is. Potential buyers are confused by extra rooms that have a mishmash of uses. To avoid this problem, first clear away clutter and excess furniture. Paint the walls a neutral tone and then furnish the room with a desk to stage it as a home office in which buyers will want to get down to business.

Unpleasant pet odors won't win over buyers. We all love our pets, but unpleasant pet odors can make a negative first impression. Be sure to get rid of old carpet that can trap offensive smells. Replace it with fresh new carpet in a neutral color. Plus, if you paint the walls to match, your living room will look bigger. It'll go from designed to smell to designed to sell.

Pack up unnecessary items and furniture before you show the house. An overpacked living room is a red flag to buyers that your home lacks storage space. Pack up unneccesary items and furniture, and move items to your garage or a nearby storage facility. Clear the way for a sale by letting buyers see your square footage, not your personal belongings.

Storage space sells! Potential buyers love homes that have lots of storage space. Since they will open your closets, it's a good idea to clear out unnecessary clutter, and organize your shelves to show off how much storage you really have. Plus, it gives you a chance to start packing, as you will definitely be moving once buyers see all that closet space.

Create a nice flow in your rooms. Buyers are attracted to homes that have a good flow. You can create circulation by replacing square or rectangular dining tables with round ones. Cutting the corners adds room to this maneuver and creates a spinoff effect that adds flow to your home — cash flow, that is.

Create a better flow in the house by starting with the floor. Want to create better flow in your house? Start with the floor. Join two rooms together by using the most cost-efficient material in the book: vinyl tile. First, use a snap-line to create a center point between the two rooms. Next, the fun part: Peel and stick the new vinyl tile down, and watch your kitchen and dining room go from old to sold!

Ready to sell your home? Contact me today for a FREE home value report. Las Vegas has low, low inventory for resale homes and we have buyers who want to buy now! It's a great time to sell your home and we can help you stage it, market it, sell it!

 

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Suzett Hill, REALTOR®, NHCB, MVHC, TSAI
Broker-Salesperson   Lic 144533
Cell: 702.279.7199
This Vegas Life! Real Estate

www.SouthwestLasVegasHomes.net
Lic.BS.0144533
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