Katsmeow
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jul 11, 2009
- Messages
- 5,308
We are seriously considering moving to Las Vegas. I've done a lot of research on this but would appreciate any feedback from people in the area.
We live in a very hot real estate market and it is a good time to sell our house. We want something smaller on a very small lot. We probably want something around 1700 SF give or take a little, preferably on a lot with no grass and very little backyard. We currently have a pool and we absolutely do not want a pool. We would prefer one story but would consider 2 story. Would prefer a house less than 20 years old and absolutely will not buy anything more than 30 years old. We want something that won't require a lot of remodeling. Paint, carpet would be OK but not gutting the kitchen.
We want to have less money in our house than we do now and want to have much less upkeep. We plan to pay mostly cash so would prefer to not spend more than $450k (actually would prefer not more than $425k). We would probably take a mortgage for about $100k. I know the fact it isn't all cash makes it more difficult but I am not going to pull a bunch of money out of the IRA and pay taxes on it.
I've looked at a lot of listings and there are things in our price range that look acceptable (even allowing for possibly paying over asking). I've read a lot about crime issues. So we are focused on the NW (Centennial Hills) down to Summerlin, then south west to around Enterprise and then across to Henderson. We want to be close to amenities so don't want to be too far out of town.
Everyone says to move to Henderson and Summerlin but there is not much new enough in our price range in those areas. We could find some older houses but not much else. I've occasionally seen some houses in Summerlin that are in that price range, but often in the 55+ part which we don't want.
We probably prefer to live in Las Vegas city limits (for pet reasons -- they allow 4. We don't have 4 cats now but would like to have that potential). We might consider unincorporated Clark County. Will not consider North Las Vegas.
I know Las Vegas is a very hot competitive market right now so I expect we will do a short term rental or AirBnB while trying to buy. This is difficult because will have cats with us but I don't know any other option.
Why Las Vegas?
I haven't been there in awhile (we plan to soon take a trip to scout things out in the areas we are interested in) but back in the day I enjoyed it there. In fact, we got married in Las Vegas. We are not big gamblers and we don't drink. However, I like the dining and shopping options and we would enjoy the occasional blackjack table. I don't imagine we would often go to the Strip but it is nice to know it is there if we want to go there. We also plan to get back to playing bridge and there are several bridge clubs there and we've enjoyed going to tournaments in Las Vegas in the past.
We don't mind the desert heat. I would welcome the lack of humidity and air conditioning exists for a reason. I don't want snow and ice.
Nevada suits us politically overall.
I like how close Las Vegas is to other places we might enjoy visiting (California, Arizona, etc). Also there is a good airport there and this is a place that people we know might actually want to visit. This location factor is very important to us.
The taxes and other expenses are favorable for us as compared to Texas.
Negatives we have considered:
Healthcare - I know there is a shortage of doctors and good specialists. We almost moved to Las Vegas 4 years ago and this was one thing that concerned us then. The situation seems a bit better now. We will handle this in a couple of ways. If need be, we will get concierge doctors (I don't love this option but if that is what is needed to be able to quickly see someone then we can do it). And, for any really complex specialty needs we will fly to LA or Phoenix. 4 years ago that option was suggested and it seemed outlandish. But last year I chose to go to Houston for cataract surgery and for some other medical stuff. That 5 hour drive was really not a big deal.
Crime - I have looked at this a lot. I plan to handle this mostly by choice of where we live. We will only buy a house with a garage. I am leaning toward a gated community. I don't love HOAs but in this case I may seek one out.
There are other negatives, of course, but those were the ones I was most concerned with. Anyway, would appreciate any feedback from people familiar with the area.
Other places we seriously considered:
Vancouver, WA. I loved the location in Washington but over the river from Portland. The mild summers are great (and we could tolerate the rain). But -- we don't really like outdoor activity and that is a big draw for a lot of people in that area. For us, there isn't really anything special to do there. Housing is very expensive. And the potential for disasters is higher than I really like. Also this is a long, long way from Texas and the people we know there and it is a long way to travel anywhere.
Albuquerque/Rio Rancho, NM. DH actually lived in Albuquerque for a year as a child. His dad was in the Navy and he mostly grew up in southern California but he spent a year in Hawaii and a year in Albuquerque and he has fond memories of it. The housing market is much, much less expensive there which was a huge draw for me. Crime is bad (although not so bad in Rio Rancho). The state is very poor and I worry about the financial stability of the state. Also Albuquerque is a little small for us and is sort of out in the middle of nowhere. Basically the only real thing it has going for it over Las Vegas is the low housing cost. But, again, not much there for us to do.
We live in a very hot real estate market and it is a good time to sell our house. We want something smaller on a very small lot. We probably want something around 1700 SF give or take a little, preferably on a lot with no grass and very little backyard. We currently have a pool and we absolutely do not want a pool. We would prefer one story but would consider 2 story. Would prefer a house less than 20 years old and absolutely will not buy anything more than 30 years old. We want something that won't require a lot of remodeling. Paint, carpet would be OK but not gutting the kitchen.
We want to have less money in our house than we do now and want to have much less upkeep. We plan to pay mostly cash so would prefer to not spend more than $450k (actually would prefer not more than $425k). We would probably take a mortgage for about $100k. I know the fact it isn't all cash makes it more difficult but I am not going to pull a bunch of money out of the IRA and pay taxes on it.
I've looked at a lot of listings and there are things in our price range that look acceptable (even allowing for possibly paying over asking). I've read a lot about crime issues. So we are focused on the NW (Centennial Hills) down to Summerlin, then south west to around Enterprise and then across to Henderson. We want to be close to amenities so don't want to be too far out of town.
Everyone says to move to Henderson and Summerlin but there is not much new enough in our price range in those areas. We could find some older houses but not much else. I've occasionally seen some houses in Summerlin that are in that price range, but often in the 55+ part which we don't want.
We probably prefer to live in Las Vegas city limits (for pet reasons -- they allow 4. We don't have 4 cats now but would like to have that potential). We might consider unincorporated Clark County. Will not consider North Las Vegas.
I know Las Vegas is a very hot competitive market right now so I expect we will do a short term rental or AirBnB while trying to buy. This is difficult because will have cats with us but I don't know any other option.
Why Las Vegas?
I haven't been there in awhile (we plan to soon take a trip to scout things out in the areas we are interested in) but back in the day I enjoyed it there. In fact, we got married in Las Vegas. We are not big gamblers and we don't drink. However, I like the dining and shopping options and we would enjoy the occasional blackjack table. I don't imagine we would often go to the Strip but it is nice to know it is there if we want to go there. We also plan to get back to playing bridge and there are several bridge clubs there and we've enjoyed going to tournaments in Las Vegas in the past.
We don't mind the desert heat. I would welcome the lack of humidity and air conditioning exists for a reason. I don't want snow and ice.
Nevada suits us politically overall.
I like how close Las Vegas is to other places we might enjoy visiting (California, Arizona, etc). Also there is a good airport there and this is a place that people we know might actually want to visit. This location factor is very important to us.
The taxes and other expenses are favorable for us as compared to Texas.
Negatives we have considered:
Healthcare - I know there is a shortage of doctors and good specialists. We almost moved to Las Vegas 4 years ago and this was one thing that concerned us then. The situation seems a bit better now. We will handle this in a couple of ways. If need be, we will get concierge doctors (I don't love this option but if that is what is needed to be able to quickly see someone then we can do it). And, for any really complex specialty needs we will fly to LA or Phoenix. 4 years ago that option was suggested and it seemed outlandish. But last year I chose to go to Houston for cataract surgery and for some other medical stuff. That 5 hour drive was really not a big deal.
Crime - I have looked at this a lot. I plan to handle this mostly by choice of where we live. We will only buy a house with a garage. I am leaning toward a gated community. I don't love HOAs but in this case I may seek one out.
There are other negatives, of course, but those were the ones I was most concerned with. Anyway, would appreciate any feedback from people familiar with the area.
Other places we seriously considered:
Vancouver, WA. I loved the location in Washington but over the river from Portland. The mild summers are great (and we could tolerate the rain). But -- we don't really like outdoor activity and that is a big draw for a lot of people in that area. For us, there isn't really anything special to do there. Housing is very expensive. And the potential for disasters is higher than I really like. Also this is a long, long way from Texas and the people we know there and it is a long way to travel anywhere.
Albuquerque/Rio Rancho, NM. DH actually lived in Albuquerque for a year as a child. His dad was in the Navy and he mostly grew up in southern California but he spent a year in Hawaii and a year in Albuquerque and he has fond memories of it. The housing market is much, much less expensive there which was a huge draw for me. Crime is bad (although not so bad in Rio Rancho). The state is very poor and I worry about the financial stability of the state. Also Albuquerque is a little small for us and is sort of out in the middle of nowhere. Basically the only real thing it has going for it over Las Vegas is the low housing cost. But, again, not much there for us to do.