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Why Luxury Homes Are in High Demand

As people realize their needs are changing, some are turning to luxury housing to find their dream home. Investopedia helps define what pushes a home into this category. In a recent article, they point out that a luxury home isn’t only defined by its price. Location is also an important factor.

It could be a High Rise condo in Las Vegas, a spacious home in a guard gated community or one with access to luxury amenities and entertainment. The home itself will also boast some of the finest features available. According to the Luxury Market Report from the Institute for Luxury Home Marketing, there’s been a substantial increase in how many buyers are purchasing luxury homes over the past two years. It says:

Veer Towers High Rise Amenities (Living Las Vegas, NV)

“. . . North America recorded the fastest growth of demand during the first year of the pandemic. Also, demand has . . . consistently increased, and even in April 2022, we saw a higher volume of sales compared to 2021.”
The Institute of Luxury Home Marketing

If you own a luxury home, it could be a great time to list your house today while demand is so high. But first, let’s understand where the demand is coming from.

What’s Driving the Heightened Buyer Demand for High-End Homes?

The same report says more people have reached a certain net-worth threshold, and that’s contributing to the increased interest in luxury housing:

“In 2020, we saw a 2.2% growth in the number of individuals with wealth of over $5 million in net value, but in 2021 that number grew by an outstanding 19.8%. This total increase has resulted in the introduction of over 660,000 new individuals into the high net-worth bracket, which, combined with the existing affluent looking to both diversify and add new properties to their portfolio, provides a true insight into why the demand for luxury properties skyrocketed during 2021 and into 2022.”

So, if you’re looking to make changes to your real estate portfolio or are looking to sell your current house, it may be a great time to list and benefit from the high demand for luxury homes today.

KEY TAKEAWAYS
Real estate isn’t considered luxury just because it’s expensive. It also must be unique, exclusive, and perceived as superior.
High-end buyers want access to activities such as luxury shopping, dining, and the arts, as well as proximity to similar homes.
Luxury real estate investors can flip a mansion, invest internationally, buy a luxury condo, buy a high-end vacation property, or build from scratch.
Investopedia

Bottom Line

If you own a luxury home and want to know how strong demand is in your area, let’s connect so you can capitalize on current market conditions while buyer demand for upscale homes is so high.

Bottom Line

If you own a luxury home and want to know how strong demand is in your area, let’s connect so you can capitalize on current market conditions while buyer demand for upscale homes is so high.

Why You May Want To Cash in on Your Second Home

When stay-at-home mandates were enforced last year, many households realized their homes didn’t really fulfill their new lifestyle needs. An office (in some cases two), a media room, space for children to learn, a gym, and a large yard are all examples of amenities that became highly desirable almost overnight. Zelman & Associates recently reported that sales of primary residences grew by 9% in 2020. That increase in demand was met by the lowest supply of homes for sale in history. High demand and low supply caused prices to skyrocket over the past twelve months. Here are three home price indexes released most recently that show how home values have risen:

FHFA Agency House Price Index shows a 13.9% increase
CoreLogic Home Price Insights Report shows an 11.3% increase
S&P Case-Shiller U.S. National Home Price Index shows a 13.2% increase

Prices increased by double digits in every region of the country and in 19 of 20 major metros. Chicago was the only exception, where prices still rose by 9%.

What does this mean to those who purchased a second home during the pandemic?

Many people didn’t want to give up a home in the city or close to their office. Instead, they purchased a larger second home farther away and moved there to stay safe and have more space. According to the same Zelman report, sales for second homes rose an astonishing 27% in 2020. That large second-home retreat on a lake or in the mountains would demand a higher price than the average house. Let’s assume a buyer purchased such a home for $500,000. Assuming the middle 13.2% appreciation shown above, that home would now be worth about $566,000. Those who bought second homes to improve their lifestyle during the height of the pandemic, or those who just wanted to be in a safer environment, also made a great investment.

What should these homeowners do now as the pandemic is receding, and the economy is reopening?

The buyers of those second homes now have a decision to make. Many will move back to the original home they still own (the one that’s closer to work, friends, and family). Should they keep the second home? That could depend on answers to questions like these:

Now that you may have to go back to the office (at least a few days a week) and students are required to physically attend school, would you still use the second house enough to warrant the expenses of an additional home?
Would you go to the second home on most weekends, or would you return to the movie theater, attend sporting events, eat out at fine restaurants, or spend your time traveling again?

Bottom Line

If you purchased a larger second home during the pandemic, you were able to make day-to-day life much easier for those important to you. You also made it much safer. However, with those goals already accomplished, you now need to decide whether to continue paying the extra expenses or sell the house and cash in your profit. If you decide selling makes sense, let’s connect today to discuss the value of your second home.

Bottom Line

If you purchased a larger second home during the pandemic, you were able to make day-to-day life much easier for those important to you. You also made it much safer. However, with those goals already accomplished, you now need to decide whether to continue paying the extra expenses or sell the house and cash in your profit. If you decide selling makes sense, let’s connect today to discuss the value of your second home.

Positive Outlooks for Las Vegas Living in 2023

As 2022 drew to an end, it marked a truly remarkable year for Southern Nevada! From incredible population growth and financial gains across the board to record-breaking airport passenger counts, there was no shortage of successes. Now in 2023, expectations are high with state & local budget surpluses galore plus Las Vegas’ biggest convention/meeting calendar ever and international tourism surging back – topped off by MSG Sphere opening as well as what could be our first billion-dollar event: The Formula 1 Grand Prix!

Valle Floor Plan at Prado, A BH Nexus Community (West Las Vegas, NV 89117)

The Valle by Blue Heron is a single-level floor plan that offers a private entry followed by a linear path that leads into an expansive kitchen and open great room encompassed with sliding doors that open on two sides to blur the lines between the indoor and outdoor spaces.

“Valle’s spacious single-level Home design expands from the private entry to the open great room and kitchen. Soaring windows and pocket doors surround the living spaces, maximizing sunlight and creating a seamless connection to the landscape of indigenous desert plants and vibrant succulents. Valle exudes a feeling of tranquil seclusion from the neighboring city centers,” Blue Heron.

The foyer, kitchen and great room are seamlessly connected. The centralized courtyard offers an enclosed sanctuary with sliding doors surrounding the space. The Valle offers impressively sized windows and pocket doors to maximize daylight and natural ventilation providing impressive views of the surrounding biophilic Home design.

Key Options:

Generational Suite
Media Room
Prep Kitchen
Outdoor Shower
Wine Room

Included Features:

Volume Ceiling
Clerestory Glass
Thermador Appliances
Contemporary Floating Vanities at Primary and Powder Baths
Full Ceiling-Height Mirrors
Undermount Porcelain Sinks and Contemporary Faucets
Engineered Quartz Countertops
Modern Tile Surrounds
Nest Thermostats
Smart Sprinkler Controller, and more!
This floor plan is exclusively offered at Prado and Oasi, BH Nexus Communities.

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5 TAX BENEFITS OF BUYING A HOME

Are you thinking of buying a home in Las Vegas, NV? You should know that there are several tax benefits associated with homeownership. From reducing your taxable income to claiming deductions for mortgage interest and property taxes, owning a home can help you save money on taxes. In this blog post, we’ll explore the various tax benefits of buying a home in Las Vegas, NV so that you can make an informed decision when it comes to purchasing your new home.

1. Mortgage Interest Deduction

Real estate investors can reap significant tax benefits from the Mortgage Interest Deduction (MID). This deduction allows taxpayers to deduct interest paid on mortgages taken out to purchase, construct or improve real property investments. The MID is a powerful tool for reducing taxable income and saving money on taxes, but there are some important rules that must be followed in order to take advantage of this benefit. Understanding how the MID works and what types of expenses qualify for deductions can help real estate investors maximize their tax savings.

Our should never complain, complaining is a weak emotion, you got life, we breathing, we blessed. Surround yourself with angels. They never said winning was easy. Some people can’t handle success, I can. Look at the sunset, life is amazing, life is beautiful, life is what A federal government initiated report conducted by the.

2. Property Tax Deduction

Real estate investors are often able to take advantage of certain tax benefits that can reduce their overall tax burden. One such benefit is the Property Tax Deduction, which allows real estate investors to deduct from their taxable income any property taxes they paid on investment properties during the year. This deduction can be a great way for real estate investors to lower their taxable income and save money on taxes each year. To maximize this benefit, it’s important for real estate investors to understand how the Property Tax Deduction works and what steps need to be taken in order to qualify for it.

3. Capital Gains Exclusion

Real estate investors who are looking for ways to minimize their tax burden can take advantage of the Capital Gains Exclusion. This exclusion allows investors to exclude a portion of their gains on the sale of real estate from taxation, allowing them to keep more of what they earn. The amount that can be excluded depends on several factors, such as the length of ownership and the purpose of purchase. By taking advantage of this exclusion, savvy investors can reduce their overall tax liabilities and increase their profits in real estate investments.

4. Energy-Efficient Home Improvement Tax Credit

The Energy-Efficient Home Improvement Tax Credit is a great way for real estate investors to reduce their tax burden. This credit enables investors to save money on the cost of energy efficient home improvements and renovations, with up to 10% of the cost being eligible for a tax credit. Not only does this mean that investors can improve their properties while decreasing their taxes, but they can also enjoy increased property values as well as reduced energy costs over time. Additionally, these credits are available for both new construction and existing homes, making them accessible to all kinds of real estate investments. With this in mind, it’s easy to see why taking advantage of the Energy-Efficient Home Improvement Tax Credit is an attractive option for smart real estate investors.

5. Shelter Income Tax Credit (SITC)

Real estate investors may be able to take advantage of the Shelter Income Tax Credit (SITC) when filing their taxes. This tax credit provides a variety of benefits for those who invest in residential rental property and is designed to encourage investment in low-income housing. The SITC can provide real estate investors with a significant reduction in their taxable income, making it an attractive option for many people looking to maximize their returns on investments. Additionally, the credits can be used as part of an overall strategy for reducing your total tax liability and staying within IRS guidelines. In this article, we’ll discuss how you can benefit from taking advantage of these credits when filing your taxes each year.

Ascaya Community Spotlight (Henderson, NV)

Rising nearly three thousand feet high on the McCullough mountain range in Henderson, Nevada within the community’s fortified signature rock wall, Ascaya offers inspiring views of the Las Vegas Valley with luxury estates thoughtfully positioned to maximize privacy and capture remarkable views.

Ascaya grants the rare privilege and allure of raw desert beauty in every season. Adjacent to Sloan Canyon National Conservation Area, Ascaya’s protected habitat surrounds the luxury community. The community offers walking and biking trails along the scenic trails that take you through the McCullough Range.

A World Above –A Private Luxury Community Overlooking Las Vegas
ASCAYA

The 48,000-acre development is closely guarded and offers a scenic desert platform for bighorn sheep, desert tortoises and more than 300 ancient rock art panels. With surrounding canyon views that blend ceaselessly around the luxury community of Ascaya, contemporary modern home designs are the epitome of luxury. Some homesites offer panoramic views of the city, while others are immersed in the canyons and hills of the McCollough Mountain Range. With only 313 custom homesites Ascaya is one of the most exclusive communities in the surrounding Las Vegas Valley.

Ascaya combines the gorgeous desert scenery with luxury amenities at the community’s ultra exclusive clubhouse. From beautiful blooming cacti varieties, thriving Joshua and Yucca trees, to terraced gardens and a variety of well-appointed event spaces, the 23,000 square foot clubhouse is the community’s dynamic hub of social activity. It’s the perfect place to start your day by exercising in the expansive fitness studio or swimming a few laps at the 50m swimming pool. The clubhouse also includes a tennis pavilion, half-court basketball and private cabanas. This family-focused space is luxury at its finest.

Exclusive Location

Conveniently close to schools, shopping areas, resorts, and golf courses. Ascaya’s premier location is situated just 15 miles south of the Las Vegas Strip, 3 miles from Green Valley Ranch Spa & Casino, 23 miles west of Lake Mead in Henderson, Nevada. It is also 7 miles from the Henderson airport and just under 8 miles to McCarran International Airport.

Top 5 Savory Fine Dining Restaurants in Henderson, NV

Henderson, Nevada is a culinary paradise; with fine dining restaurants dotting its suburban sky. You can feel the hospitality in Las Vegas’ beloved suburb and indulge yourself within reach of exquisite savory experiences.

Here are the top 5 fine dining restaurants in Henderson, NV

1. Hank’s Fine Steaks & Martinis

Henderson visitors and locals alike can enjoy Henderson’s most acclaimed culinary experience, Hank’s Fine Steaks & Martinis. This mid-century modern dining retreat offers Prime dry-aged beef, seafood selections, side dishes and desserts all with a signature martini or two in hand. Located near Green Valley Ranch less than 2 miles away from ASCAYA; now featuring live entertainment during happy hour (4pm – 7 pm), it is easy to see why the AAA Four Diamond Award was earned by this local favorite!

2. Sonoma Cellar Steakhouse

For a truly unparalleled fine dining experience, look no further than Sonoma Cellar Steakhouse. Located just 5 miles from ASCAYA, this steak and seafood emporium is renowned for its juicy prime cuts of beef enriched by an exquisite selection of over 300 wines in the “Sonoma Feature Glasses” menu – making it one of the most impressive selections Las Vegas Valley has to offer. Experience succulent flavors sure to tantalize even the pickiest palate!

3. The Pasta Shop

With the magic touch of celebrity Chef David Alenik, The Pasta Shoppe in Henderson, NV takes its guests on an unforgettable culinary adventure. Enjoy a delightful setting and attentive wait staff while feasting on delectably mouthwatering Italian dishes crafted by someone who has cooked for Steve Wynn and Frank Sinatra!

4. Todd’s Steak & Seafood

Experience delectable seafood straight from the sea! Todd’s Steak & Seafood provides a culinary journey with its endless selection of creative and classic dishes, featuring only the finest fish sourced from Cape Cod and Alaska. Satisfy your inner foodie as you indulge in these delicacies that are sure to leave an unforgettable impression on your tastebuds!

5. Tuscany Grill

Henderson locals can’t get enough of the delicious fare Tuscany Grill has to offer. Just 4 miles from ASCAYA, this exquisite restaurant serves up over 50 mouthwatering entrées sure to satisfy everyone’s taste buds – steamed clams, Eggplant Cannelloni, Shrimp Bianco and Veal Parmigiana make for a truly unique fine dining experience! And let’s not forget those luscious desserts that will have you coming back time and again.

Strata, BH Nexus Community in Lake Las Vegas (Henderson, NV)

Living in a community that stands out from the rest is an experience like no other. Whether it be top-notch amenities, breathtaking views, lakeside living at Strata you have all of these and more!

Elevate your lifestyle with quality built new homes set amongst the backdrop of tranquil water, breathtaking views and unparalleled amenities. Lake activities, championship golf and a variety of dining options set the stage for a spectacular lifestyle at Lake Las Vegas.
Lake Las Vegas

At Strata, you can connect with nature in an extraordinary way. Nestled among stunning rock formations on a mountainside overlooking Lake Las Vegas, these homes provide gorgeous views from every angle and a seamless transition between indoor-outdoor living. The vibrant colors of the surrounding area create unique landscapes that are sure to take your breath away!

Lake Las Vegas Living

Escape to Lake Las Vegas, where contemporary luxury residences bask in spectacular views of Lake Mead National Park and the glitzy nightlife of The Strip! Unlock new possibilities within this community.

Lake Las Vegas Amenities

Lake Las Vegas Sports Club^℠

Family and Adult Pools

State-of-the-Art Fitness Center and Movement Studio

Tennis Courts and Pickleball Courts & Duffy Boat Rentals

Kayaking and Stand-Up Paddleboarding (SUP) & Yacht Cruises

Award-winning Reflection Bay^_® Golf Club

Miles of Scenic Hiking Trails, Cycling and Equestrian Trails, Spectacular Views and Wildlife.

Single-loaded streets and 19 homesites make this an ultra-private community.

Strata, A Community Above the Rest

Free-flowing floor plans allows your Home to adapt to you.

Perched on a mountainside with unbeatable views of the surrounding rock formations.

Just a short drive to the Village and countless outdoor activities.

Strata, A BH Nexus Community

Seasons Grocery & Deli is open in The Village at Lake Las Vegas and is stocked with everything from fresh fruit to gourmet snacks and wine.
Lake Las Vegas

6 Key Principles of Biophilic Designs

Biophilic design is an innovative approach to modern interior spaces, aiming to combine our natural affinity with the environment and a contemporary built landscape. Relying on biophilia theory which states that our species has evolved in accordance with nature for nearly all of its history, this concept suggests we still retain instincts related to being surrounded by things like plants or sunlight – something many find advantageous for their health and wellbeing.

For decades, architects have looked to nature for inspiration when creating structures that blend in perfectly with humanity and its environment. This style of design is called “biophilic,” or Organic Architecture – a movement which has now gained even more traction as brands use it to create workspaces designed around physical, psychological and emotional effects from the great outdoors! Explore why these natural elements bring greater wellness into modern work environments worldwide.

Biophilic Designs…

Reduced stress levels
Increased productivity
A reduction in sick days and absenteeism
Higher attractivity for job candidates
Reduced pollution and cleaner air
Lower noise levels
Creativity boost
According to CIPHR.

Biophilic design is quickly becoming the go-to for Home Designs with a plethora of benefits ranging from improved creativity to reduced pollution and noise levels. Through adding natural elements back into our environment such as plants, we can restore connection between humans and their primal home all while reducing stress, increasing productivity – even making workplaces more attractive job candidates!

Importance of Biophilic Home Designs

Our modern lives often lead to disconnecting from the natural world, but biophilic design offers an innovative way to stay connected. By incorporating elements of nature into our built environments, we can create spaces that promote a sense of wellbeing and foster meaningful relationships with the great outdoors. Biophilia is at its most influential now than ever before – it’s time for us all to take advantage!

Six Key Principles of Biophilic Designs

The Natural environment: Invigorate your office with a soothing atmosphere straight out of the great outdoors! Bring nature indoors by incorporating earthy colors, airy sunlight and lush plants. Improve morale and productivity with calming images of wildlife in their natural habitats!
Clean Lines & Natural Shapes: Nature’s artistry is showcased in its stunningly unique shapes from geometric arches, clean lines and sharp accents, the wonders of natural shapes never cease with a biophilic design.
Design Patterns: Nature is full of beautiful and inspiring patterns, from the erosion of rocks to plant growth. It can use rhythm and scale in amazing ways, captivating us with its ever-transforming beauty.

4. Natural Light: Incorporating natural light into your living space is a great way to create an environment that promotes health and wellbeing. Biophilic design works by introducing elements of warmth and embracing the outdoors, bringing harmony between nature-based designs and modern architecture. By taking advantage of different shapes in relation to sunlight, you can enhance any room with this powerful element!

5. Greenery: Introduce organic beauty of biophilic designs with plants! Whether it is a few natural greenery pieces, artwork inspired by foliage or colors that mimic nature – this will bring an uplifting and calming atmosphere to your workspace. Establishing harmony between interior and exterior spaces. Blurring the boundaries. Enhancing the space with both aesthetically pleasing elements alongside restorative energy of green plants.

6. Human Nature Experience: By weaving together the modern and timeless, biophilic design allows us to rediscover our relationship with nature that has existed since time immemorial. It evokes powerful emotions as it revisits themes like order, safety, mastery and exploration in a unique office atmosphere. Unearthing this link between humans and nature is an unforgettable experience!

Biophilic Home Designs

Step away from the hustle and bustle of Las Vegas life – at Prado, A BH Nexus Community just minutes away from Downtown Summerlin and the Las Vegas Strip. Celebrating Las Vegas’ identity as a small town surrounded by tranquil desert beauty. Our four Biophilic Home Designs offer uniquely inspired elements of nature with private courtyards, double-height great rooms, and other features that perfectly meld tranquility with modern living. Experience true peace within your own Home at Prado!

Contact me for details:

Susan K. Marques

Blue Heron – BS.0146408

Lavish Living NW Las Vegas – The Estates at Lone Mountain

Indulge in lavish living like no other at The Estates at Lone Mountain. Nestled against the beauty of Lone Mountain in NW Las Vegas.

What’s Driving the Heightened Buyer Demand for High-End Homes?

Bottom Line

Bottom Line

What does this mean to those who purchased a second home during the pandemic?

What should these homeowners do now as the pandemic is receding, and the economy is reopening?

Bottom Line

Bottom Line

Included Features:

1. Mortgage Interest Deduction

2. Property Tax Deduction

3. Capital Gains Exclusion

4. Energy-Efficient Home Improvement Tax Credit

5. Shelter Income Tax Credit (SITC)

Exclusive Location

1. Hank’s Fine Steaks & Martinis

2. Sonoma Cellar Steakhouse

3. The Pasta Shop

4. Todd’s Steak & Seafood

5. Tuscany Grill

Lake Las Vegas Living

Biophilic Designs…

Importance of Biophilic Home Designs

Six Key Principles of Biophilic Designs

Biophilic Home Designs

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