Carlisle, Summerlin
Carlisle offers a choice of six floor plans - condos and town homes - for homebuyers. People with active lifestyles will find the zero yard work, maintenance or service and utilities issues a great advantage. These home afford more time to socialize and party for the home owners.
Abbington design is a town home that features two bedrooms and 2 1/2 baths. With a combined kitchen and dining area, patio and two-car garage the town homes are priced from $300,990. The Aldridge, also a town home, contains three bedrooms and 2 1/2 baths. The master bedroom features a walk-in closet, and the kitchen opens to the dining area. The residence also has a patio and two-car garage. The price starts from the low $300,000s.
The remaining homes have one to three bedrooms and one or two baths. Prices range from the high $100,000s to the $270,000s. Amenities include the 2,000-square-foot clubhouse that has a kitchen, granite-topped bar, a social area with a 40-inch TV, a DVD player, fireplace and comfortable seating. The fitness area encompasses 900 square feet with cardio and weight-training equipment, free weights, television, locker rooms and dry sauna.
Apartment conversion ban bid fails
The recent proposal by the council to stop further apartment conversions bid has failed as the building industry had strongly lobbied against it saying it would be interference with the free market economy.
The ban was to intended to stop the dwindling supply of rental units in the Las Vegas real estate market. As more and more apartments are going in for condo conversions the thousands of migrants who rent apartments in Las Vegas are finding themselves being squeezed out of the housing market. Of the 50,172 apartments in Las Vegas, 7,029 have been converted or approved for conversion to condos.
Builders says apartment conversion is the only affordable option for many first time home buyers and the lower income groups. But for the people who live from pay-check to pay-check coming up with the downpayment for a condo would be out of question.
A balance needs to be struck somewhere - where people wanting to rent affordable housing have the option of renting and those with resources to buy can opt for the condo conversion.
Luxury homes sales on the rise:
Luxury home buyers are buying homes and pouring money into their upscale homes for improvements, renovations and upgrades. Due to these continued investment in properties these luxury homes keep appreciating in prices.
In fact last year sales of homes $3 million-plus range rose by 35 percent in the first quarter of last year. The home improvement craze has fuelled the continuous and rapid appreciation of prices of luxury homes in Las Vegas.
What is the cause for this frenzy of investments in home improvements? Many people expect tax refunds which they intend to
re-invest in their homes. Still others have refinanced their mortgage and will be using the money to re-model their homes. So the home-improvement frenzy continues.
