The Las Vegas real estate market continues to thrive, offering a wealth of opportunities for homebuyers and investors alike. If you're considering buying a new construction home, navigating the process can feel overwhelming—especially with so many developments across the valley. Virtue Real Estate Group is here to guide you through the journey, ensuring you make an informed decision that fits your needs.
One of the most sought-after locations for new home construction is The Estates at Lone Mountain. With estate-style homes on spacious acre or half-acre lots, this community offers luxury, privacy, and breathtaking mountain views—all within close proximity to the conveniences of Northwest Las Vegas. Before you take the plunge into new construction, here are seven key questions you should ask to make the best decision possible.
1. What is the Average Cost of Upgrades?
Most new construction homes come with standard features, but builders offer a variety of upgrades, from structural changes to design enhancements. Whether you’re looking for extended patios, upgraded flooring, or high-end kitchen finishes, knowing the cost upfront will help you budget accordingly. Keep in mind that structural upgrades typically need to be selected at the time of contract signing, while design upgrades are chosen later during the design appointment.
2. What is the Estimated Build Time?
Understanding the timeline for completion is crucial, especially if you're coordinating a move or selling your current home. While some builders offer quick-move-in homes, fully customized builds can take anywhere from six months to over a year. Factors like material availability, labor shortages, and permitting processes can impact the timeline. Discussing this with your builder helps set realistic expectations.
3. Are There Additional Fees for SID/LID?
Many new home communities in Las Vegas are subject to Special Improvement District (SID) and Local Improvement District (LID) fees. These assessments help fund infrastructure improvements, such as roads and utilities, and are typically paid over a period of 10 to 20 years. The cost varies by community, ranging from $7,000 to $20,000. Knowing if these fees apply to your new home will help you plan your budget accordingly.
4. What Are the HOA Dues and What Do They Cover?
Most master-planned communities, including The Estates at Lone Mountain, have Homeowners Association (HOA) dues to cover maintenance, amenities, and community upkeep. Some HOAs also enforce architectural guidelines to maintain property values. It’s important to ask what the monthly fees are and what they include, ensuring you’re comfortable with the ongoing costs and regulations.
5. What Builder Incentives Are Available?
Builders often provide incentives to attract buyers, including closing cost assistance, design credits, or special financing options. If you choose to finance through the builder’s preferred lender, you may receive additional perks. Negotiating these incentives can help you maximize your investment and potentially lower your out-of-pocket costs.
Final Thoughts
Buying a new construction home in Las Vegas is an exciting journey, but it’s essential to ask the right questions before signing a contract. Virtue Real Estate Group is here to help you navigate the process, ensuring you find the perfect home that aligns with your vision and budget. If you're looking for expansive lots, custom home opportunities, and an exclusive community feel, The Estates at Lone Mountain is one of the best places to build in Las Vegas.
Ready to explore your options? Contact Virtue Real Estate Group today and let’s find your dream home!
