Best Investment You Can Do: Buying a House in Las Vegas

One of the fastest growing metropolitan states in the United States with an ever increasing population of over 100% since the 1940s period is the city of Las Vegas. This area has a thriving economy thanks to its deep roots in tourism and gambling. Alongside this, the area also has a lot to offer in terms of recreational activities for both indoor and outdoor enjoyments.

Over the past ten years, the city has also been exposed to a surge in the number of jobs available in its manufacturing and industrial sector. These new service jobs that are available have increased the migration rate to Las Vegas and as a result, this has aided in boasting the housing market as more house construction is underway resulting in higher real estate prices.

Latest Trends 

Going by the latest real estate trend in Las Vegas, investors have seen a potential in its real estate industry especially now that there is a lull in the construction of hotels with casinos. The trend is now directed towards family housing, condos, single apartments, huge resorts and theme parks. The emergence of these establishments started lifting Las Vegas real estate prices, adding to its appeal to a lot of investors.

The prospects of investing in Las Vegas real estate do actually look promising especially if the land area of the Las Vegas region is taken into consideration. The land area is about 215 square kilometers meaning that although a lot of people would like to acquire land, only a couple would be successful. Of recent, it has become difficult to get prime real estate properties in Las Vegas especially in suburbia and downtown.

Although the Las Vegas real estate market has a lot of its properties within the expensive range, this still has not affected the demand by real estate investors through the years.

As a result, the following are considered to be the best option when acquiring a house in Las Vegas:

Buy a Home for Vacation: even if you decide that you are not quite ready to relocate fully to the Las Vegas metro, acquiring a property there to have a place to unwind while in the city is also a good idea. With this property at hand, you do not have to worry about booking for hotels.

Buy It For Resale: this is often known as flipping the property. Here, you can buy a barely there property for a low price, fix it up with modern features and replace what needs to be replace before putting it back on the market for a higher price. Investors have seen the potential of acquiring then re-selling Las Vegas real estate properties, gaining as much as 50% within a few years which means it is a profitable venture.

Buy a Home for Retirement: when in the age for retirement, what better play is there to unwind after years of constant work other than Las Vegas? Here you can spend your days engaging in different leisure activities.

Buy a Home and Rent It Out: if you have no plans on staying in Las Vegas for the all year round period, it is a good idea to lease out the house and earn extra income while you are at it.

 

 

Beautiful Areas To Buy a Vacation Home if You Enjoy the Outdoors

The U.S. comprises of a lot of states that boast of the perfect environment to partake in outdoor activities. From swimming, water gliding, kayaking, hiking, fishing, to riding bicycle trails, this list could easily have over a thousand places. If the view is something you are after, then the canyons, coastline, rivers and slopes with its mix of quaint towns could also do.

To put together a top list, a few criterium were used:

  • The location must actually be a town and not a generic destination spot that is, if you choose, this could be a permanent resident.
  • Access to this location should be easy even without skills in climbing or surfing.
  • The culture and economy of the location are thriving and they make themselves a constant in the lives of the people.
  • Outdoor activities that make make it an attraction must be part of everyday life that is, things like hiking and kayaking are skills needed to get around.

With the above, the following can be considered to be amongst the best places for vacation homes if you love the outdoors:

Kingsland, Georgia

Going by the criteria above, what makes Kingsland a good vacation home spot goes beyond what it offers as a coastal town. What makes it part if the ideal action home locations is due to the fact that it is located a bit North of the Florida state line, in Georgia with half an hour separating it from Jacksonville and additional one hour separating it from Savannah. So for the price, you get access to two beautiful cities. The historic city of Kingsland also offers many cultural activities for the family.

The sandy beaches ensure that you have loads of time to enjoy the outdoors by taking up activities such as kayaking, fishing and sailing. It’s proximity to the Jacksonville airport, Kingsland plays host to shopping and entertainment centers for those also seeking other leisure activities. The price of a home there averages $135,000 so this is an area that should be snapped up if given the chance.

 

Lake Tahoe, California

Like most areas in California, the ongoing drought has not made it possible for the lake to flourish. With the lake level going down a bit and the sun showing no signs of reducing its glare, sea life has reduced by a significant amount. The area with its forestry and wildlife is also at high risk thanks to wild fires but we all the, the number of tourists and vacationers to this location has not dwindled.

With up to 5 million visitors annually, the outdoor features of this location make it a good place to own a vacation hone. Oktoberfest, boat shows, biking trails, summer concerts are constant events that take place here and make it a thriving location.

Nashville, Tennessee

Nashville is a location famous for its musical history seeing as a lot of big record labels have set up base there and also released some of the best recording artists. Aside from its musical premise, Nashville is also a good place to own a vacation home close to the outdoors due to the fact that it is close to country living.

Country living, indicates embracing the outdoors, and thus if you enjoy an outdoor lifestyle this is the place to be. With the forest, nature parks and mountain terrain for hiking and climbing, this is a good spot for the outdoor lovers.