Advantages of Buying a Condo in Downtown Las Vegas: Ditch the Maintenance and Build Equity

living room opens to industrial kitchen

Perhaps you’re a young person or couple who has been renting for years, but you want to start building equity. However, you’re priced out of the single-family home market. Plus, owning a house just seems too overwhelming with all the upkeep. Or maybe you’re an empty-nester wandering around a large house and you’re ready to right-size your life. And the idea of a vacation home now tops your bucket list.

No matter your life-stage, if you want a low-maintenance home where you can build equity while enjoying luxury features like resort pools and onsite fitness centers, a condo is for you.

Lower Down Payment

If you’re a first-time homebuyer, you don’t have the advantage of using the sale of a previous property to put toward the purchase of a new home. Plus, rising rents have probably eaten into your ability to save for a down payment. As a result, opting for a condo, often with a lower required down payment, can make homeownership more affordable.

Lower Utility and Maintenance Fees

The cost to maintain a condo is almost always lower than the cost to maintain a large single-family home. After all, in a condo you’re not paying for those high-ticket items like a new roof, or weekly yard maintenance. While these costs do come out of the HOA fees, you are sharing that cost with a number of condo-homeowners. Best of all, you’re not responsible for mowing the lawn or exterior upkeep, leaving more free time to enjoy your life.

Affordability

One reason condos appeal to a diverse group of homebuyers is that the cost is typically lower than that of a single-family home. Of course, prices do vary, especially according to location and the level of luxury, but generally, condos are more affordable than single-family homes.

Living Life to Its Fullest

While condos make it easy for residents to lock and leave without worry, amenities can make day-to-day life feel like a vacation. Condo ownership can come with perks that could cost a small fortune to include in a single-family home. A perfect example of an amenity-rich environment is Juhl in downtown Las Vegas.

Juhl homebuyers enjoy such luxury amenities as including:

Full-service concierge
Onsite dry cleaning
Two-story fitness center with a pool and Las Vegas Strip views
Resort pool with cabanas, a spa, and a firepit
10th-floor vino deck with Strip views
Co-op working lounge
Alfresco movie theater
Private pet walk
Summer kitchens and grilling stations
24-hour security
Electric car charging stations

Location Is Key

You’ve heard the phrase, “Location, Location, Location.” It’s everything when it comes to real estate, and it’s a primary value proposition of buying a condo.

Condos are often recognized for their close proximity to city life and all of the exciting features that come with it. And when that location is downtown Las Vegas, you’ve definitely doubled-down on both excitement and convenience.

For example, attracting millennials, empty nesters, and retirees, Juhl’s ideal downtown Las Vegas location epitomizes modern urban living. Spanning an entire city block, Juhl makes urban living an everyday joyful experience. A leisurely stroll from Juhl will find coffee shops for catching up with friends, a rich DTLV dining scene, and Brewery Row where a growing number of artisan breweries are gaining a loyal following. Living city life at its best also means a visit to downtown Las Vegas’ Arts District brimming with art galleries, eateries and bars, museums, and live theatre.

In addition to being within walking distance to both world-class and neighborhood-centric entertainment, restaurants, art galleries, nightlife, and shopping, just minutes from Juhl, sports fans can cheer on the city’s professional sports teams, from the Las Vegas Raiders at Allegiant Stadium to NHL’s Vegas Golden Knights, WNBA’s Aces, Las Vegas Lights and MiLB’s Las Vegas Aviators. If Broadway is more your thing, the nearby Smith Center For The Performing Arts offers a blend of performances – from dance and music to first-run attractions and Broadway shows.

Ready to Learn More About Condo Living In Las Vegas?

If you’re ready to learn more about the advantages of buying a condo in downtown Las Vegas check out Juhl’s flexible floor plans ranging from the low $300,000s to the $600,000s!