Pros and Cons for Las Vegas Buyers

When deciding between new construction and resale homes in Las Vegas, there are several factors to consider. Each option has its own set of advantages and disadvantages that cater to different buyer needs and preferences. Here’s an in-depth look at the pros and cons of both to help you make an informed decision.

Pros of New Construction Homes

1. Customization: One of the biggest advantages of new construction is the ability to customize. Buyers can often choose layouts, finishes, and sometimes even floor plans, making the home truly their own.
2. Modern Amenities and Technology: New homes come with the latest in energy-efficient technologies, which can lead to lower utility bills and a smaller carbon footprint. This includes everything from better insulation to modern HVAC systems.
3. Warranties: New construction homes usually come with warranties that cover structural issues and certain systems, providing peace of mind for several years.
4. Up-to-Code Construction: New homes are built to current building codes, ensuring they meet modern safety and environmental standards.
5. Lower Maintenance Costs: With everything being brand new, there is typically less maintenance required in the first few years compared to older homes.

Cons of New Construction Homes

1. Higher Initial Costs: New construction homes often come with a higher price tag compared to resale homes.
2. Waiting Period: Building a new home can take several months, which might not be ideal for buyers needing to move in quickly.
3. Limited Community Options: New construction is often located in developing areas which might be farther from city centers and established amenities.
4. Undeveloped Landscaping: New homes might lack mature landscaping, meaning it could take years for trees and plants to grow and provide the desired aesthetic and privacy.

Pros of Resale Homes

1. Established Neighborhoods: Resale homes are typically located in well-established neighborhoods with mature landscaping and developed community amenities.
2. Immediate Availability: Buyers can move into a resale home almost immediately after closing, which is ideal for those with a tight timeline.
3. Lower Purchase Price: Resale homes often have a lower initial cost compared to new construction, providing more bang for your buck.
4. Character and Charm: Older homes often come with unique architectural features and a sense of history that new homes may lack.

Cons of Resale Homes

1. Higher Maintenance: Older homes may require more frequent repairs and updates, leading to higher maintenance costs over time.
2. Outdated Systems and Codes: Resale homes might not be up to current building codes, which can mean additional expenses to bring them up to standard.
3. Less Energy Efficiency: Many older homes are not as energy-efficient as new constructions, leading to higher utility bills.
4. Limited Customization: Unless you plan on significant renovations, resale homes come as they are, limiting personalization options.

Current New Construction Communities in Summerlin and Northwest Las Vegas

Summerlin

1. Kestrel Commons District
   • Quail Cove by KB Homes: Featuring four different 3-story floor plans ranging from 1,651 to 2,302 sq. ft.
   • Raven Crest by Toll Brothers: Offering six three- and four-story townhome designs with options like rooftop terraces and a private community pool.
2. Reverence
   • Monument at Reverence by Pulte: New construction townhomes with four unique home designs ranging from 1,600 to 1,900 sq. ft.
3. The Peaks Village at Ascension
   • Pulte Homes at Ascension: Comprising 286 lots across three neighborhoods – Caprock, Incline, and The Pointe. Featuring luxury one- and two-story home designs ranging from 2,297 to over 4,500 sq. ft.
   • Toll Brothers at Ascension: Includes luxury single-family homes in a guard-gated community with resort-style amenities.
4. Redpoint and Redpoint Square Districts
   • Carmel Cliff by Pulte Homes: Single-family homes priced from $1.1 to $1.5 million.
   • Acadia Ridge by Toll Brothers: Single-family homes priced from the high $700,000s to mid-$900,000s.
   • Obsidian by Woodside Homes: Single-family and attached homes priced from the $500,000s.
   • Cordillera by Toll Brothers: Townhomes priced from the high $500,000s.
5. Kestrel District
   • Crested Canyon by Taylor Morrison: Single-family homes priced from the mid-$500,000s.
   • Falcon Crest by Woodside Homes: Homes priced from the $700,000s.
   • Blacktail by Pulte Homes: Homes priced from the $600,000s.
   • Osprey Ridge by Richmond American Homes: Homes priced from the mid-$600,000s.

Northwest Las Vegas

1. Skye Hills
   • Various builders are developing single-family homes with a range of floor plans and price points.
2. Sunstone
   • Trilogy Sunstone: Age-qualified community offering a variety of floor plans and community amenities.
3. Spring Mountain Ranch
   • A diverse range of single-family homes with various floor plans and price ranges to suit different needs.
4. Tule Springs
   • Heartland at Tule Springs: New homes featuring modern designs and community amenities.
   • The Villages at Tule Springs: A master-planned community offering a range of new home designs.

Whether you’re looking for new construction or a resale home in Las Vegas, having the right real estate agents can make all the difference. Carla Redmond and Gisella Carbone of Queensridge Realty are the expert real estate agents you need. With their extensive knowledge of the Las Vegas real estate market and a commitment to exceptional service, Carla and Gisella will guide you through every step of the home buying process. Contact them today to find your perfect home in Las Vegas!