Vertical Living
Ease of Living With a View
It’s easy to see why people are interested in high-rise living in Las Vegas. Not only are the floor plans stunning with matching amenities, but there is access to one of the most exciting cities, complete with world-class entertainment, gourmet dining and the opportunity to entertain for business and pleasure. Nevermind the gorgeous views and sunsets you can witness from your balcony. The high-rise scene has been busy since 2005 when real estate developer Steve Wynn began building his projects. Currently, there is a variety of high-rise, mixed-use, condo, hotel and other properties available or in various stages of planning, development and construction.

In this section, you’ll learn about advantages to living in a vertical living property, what differences are important to keep in mind versus living in a single-family home in Las Vegas, the names of projects under construction and other considerations when buying a high-rise condo.

The best news about the housing market in Las Vegas is that after many years of price increases, properties are now more affordable than before. If you’re looking for a high-rise, condo or mid rise, you’ll have a wide selection from which to choose whether it be a Strip, off-strip or a downtown location.

Before you start looking at properties, it’s important to work with a Realtor® who has specific experience in handling high-rise properties and is known in the community. He or she will also know the status of on-going projects and can update you on new information that may affect your search. You’ll find more information on this topic in the article called “Working with a Realtor”.

High-Rise Advantages in Vegas
It can be exciting and a lot of fun, especially in Las Vegas, to live on the Strip or in close proximity. People who love the high-rise lifestyle often cite these reasons for their choice.
  1. Walking to work versus sitting in traffic. Imagine freeing up at least 45 minutes (or more) each day? Plus, not driving helps the environment.
  2. It’s convenient, especially if you’re living alone or as a couple. Many high-rise and mid-rise developments include shopping within the property or nearby. You can do numerous errands in a short time and not worry about parking.
  3. Road warrior schedules are easier to manage living in a high-rise. No worrying about lawn care, security or mail pick up. Just close the door and leave. Some even hail a cab to McCarran International Airport, a short distance from the Strip or downtown.
  4. Enjoy the nightlife of Vegas – eating, entertaining, gaming and shopping within moments of your residence.
  5. Access to amenities within the building – a gym or club, a swimming pool, meeting facilities and, in some cases, availability of room service.

Researching Properties
Your Realtor® will be invaluable in ensuring that you thoroughly check each high-rise building developer you’re considering. What other buildings have they completed? How is the builder’s track record in completing on time? Is there a marketing team representing the building that can answer your questions in a timely manner? It would be good to find out if the property is properly financed and if the development has any bank-mandated sales requirements it must meet before their financing is fully approved and funded. What’s the buzz about the project? Is there an anticipated date of completion and occupancy?

High-Rise Lifestyle
While new single-family homes in the suburbs still represent the largest segment of the market in Las Vegas, many others seek out condominiums, townhomes or high-rises throughout the city. Vertical living options suit a variety of residents such as empty nesters who no longer want to maintain a large yard; urban professionals who maintain busy schedules and may already own a high-rise property in Los Angeles, New York or San Francisco. Other buyers may split their time between the United States and other areas of the world and like calling Las Vegas their U.S. home.

Part of the lifestyle in a high-rise includes taking advantage of a rich mix of amenities that are available on site. These can include concierge and room service, housekeeping, high-level security, fitness centers, upscale restaurants, conference facilities and movie and game rooms. Make sure you find out if there any additional usage charges for these amenities.

According to John Eisele, sales manager of Juhl, a new high-rise community downtown, and president of the Las Vegas Highrise & Condominium Association, amenities buyers can expect include optional floor plans, granite countertops, stainless steel appliances, floor to ceiling glass, courtyard with pool/spa, fitness facilities and mixed use retail.

Keep in Mind
When looking at properties, ask about the finishes and upgrades available, as they can differ among builders. You want to avoid surprises on move-in date. Ask if the residences are completely finished or are they “designer ready?” If so, ask the builder or marketing firm to clarify what that means as it can also differ from builder to builder. Are appliances included? Are upgrades available? If so, what are the additional costs associated with those upgrades and how long do you have to make your selections? The preliminary phase is the best time to determine what each property offers. Compare each of the properties you’re interested and see how they differ. After reviewing your list of properties that interest you, develop new questions that have emerged in order to continue clarifying the process.

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