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All Forum Posts by: Bobby Lansing

Bobby Lansing has started 1 posts and replied 4 times.

Post: Las Vegas house price trends - Skye Canyon

Bobby LansingPosted
  • Las Vegas, NV
  • Posts 4
  • Votes 0

Sorry, not sure how to tag you @Phillip Dwyer, but I agree that could be a viable option. A nice newer home in a great community could make for a great rental.

Post: Las Vegas house price trends - Skye Canyon

Bobby LansingPosted
  • Las Vegas, NV
  • Posts 4
  • Votes 0

Thank you for your thoughts. I am not a real estate expert and I appreciate your view. There are a couple spec homes that meet our timeline that we are considering. The concern was if we buy in phase one of a big development like Skye Canyon, would we be able to at least break even after three years? Assuming we may need to sell it and move again. My concern was that the builders would be building new homes across the street and that may make our home less attractive to buyers. That is why I was trying to analyze what the surrounding neighborhood pricing trends are currently. It seems that the builders may have taken that into account with the different phases, but as always these things are a bit of a gamble. 

We are not interested in a pool in most of the homes we see, because we have two small children and most homes do not have them gated in the backyard. A lot of communities seem to have one as part of the HOA, which is nice.

Any further thoughts are appreciated.

Post: Las Vegas house price trends - Skye Canyon

Bobby LansingPosted
  • Las Vegas, NV
  • Posts 4
  • Votes 0
Originally posted by @Russ Draper:

Well there is usually a "new house premium" for new construction, so you do risk the property being worth slightly less after only 3 years.  My guess though is that the amount you are saving by owning vs renting would be more than that potential difference.  You can find out by looking at homes that have sold that are 3 years old and see how they compare to new homes.

I know some builders always try to make sure their new construction is "better" than anything used.  They put more windows, nicer finishes, and anything else to make their houses go first.  So each year they make their homes slightly nicer than the year before.

 Thanks Russ! I will look into it.

Post: Las Vegas house price trends - Skye Canyon

Bobby LansingPosted
  • Las Vegas, NV
  • Posts 4
  • Votes 0

Hello,

My family and I are looking at purchasing a new home in the Skye Canyon area in January 2018. We will only be in the area for three years (on military orders). So I am concerned that with all of the building going on that the home won't keep its value or be competitive to sell in three years against the other new homes being built in that area. 

Any advice on what we should do? 

Would we have better luck buying an older home and renovating? Or just renting?

Look forward to hearing everyone's perspective.

Thanks!