According to a recent Mynd report, 43 percent of adults under the age of 40 are considering becoming “rentvestors” — the act of prioritizing buying an investment property (while renting a home) before a primary residence, in order to shore up the funds needed to purchase their dream homes.
Whether Millennials and even Gen Z are looking to build wealth through real estate – either through “rentvesting” or through the purchase of a primary home – both generations are looking for similar attributes in a home. According to a “This Is What Gen Z and Millennials Are Looking For in Real Estate,” first-time buyers are comfortable with the fact that their first home may not be their dream home, but instead is an opportunity to build wealth. “As a result, millennials are more open to multifamily housing options, like condos and quadruplexes, as their first home.”
Both generations are seeking out neighborhoods with great communities that fit their lifestyles and homes that are easy to maintain and move-in ready, featuring technology and open–concept kitchens. When it comes to aesthetics they want a property that can be decorated or renovated to match their design and style. Gen Z want their homes to be Instagram-ready. Each generation is willing to relocate to areas that offer more for their investment, warm weather, and access to outdoor activities.
For Millennials and Gen Z pursuing real estate investments and places to call home, the old adage location, location, location is no longer good enough. They are changing that focus to a new perspective: Location, Lifestyle, Leisure.
Location remains a major factor to consider when investing in a condo or any property. Is the neighborhood walkable? Are amenities like retail outlets, restaurants, cultural centers, and other conveniences easily accessible? Is the area experiencing growth or renaissance?
Located on Bonneville Ave. in downtown Las Vegas, Juhl is a modern loft-style condo community that spans an entire city block. Situated in the heart of downtown Las Vegas, Juhl’s vibrant lifestyle is created by an abundance of restaurants, bars, shopping, arts, craft breweries, coffee hubs, and entertainment venues. Some notable nearby developments include the expanding Arts District; Symphony Park – home of The Smith Center for the Performing Arts; the Las Vegas Medical District; the Innovation District that is fostering tech growth, and more.
Just minutes from Juhl are Las Vegas’ professional sports venues including the Las Vegas Raiders at Allegiant Stadium; NHL’s Vegas Golden Knights at T-Mobile Arena, WNBA’s Las Vegas Aces at Mandalay Bay, Las Vegas Lights FC at Cashman and MiLB’s Las Vegas Aviators at Las Vegas Ballpark.
Leisure options are equally central, contributing to health, wellness, and a balanced lifestyle. Juhl homeowners have access to world-class amenities including:
The availability of these leisure facilities, along with safety features like secure entry doors, touchless access control system to building and parking garage, and 24-hour security, completes the upgraded urban lifestyle many Gen Z and Millennials seek.
With Juhl, you can own an investment property that meets your financial goals while also fitting your lifestyle.
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 that can be personalized to fit your needs today and transformed to meet future lifestyles. Move-in ready featuring contemporary kitchen, new stainless-steel appliances and granite countertops, 10–foot ceilings, large windows, and terraces, Juhl residences range from the low $300,000s to the high $600,000s featuring 800 to 1,998 square feet of living space including one- and two-bedroom flats, two-story Brownstones and live-work residences.
Juhl offers a number of flexible financing programs including:
Juhl also offers a zero percent down financing program for medical professionals. Buyers can add to their investment property portfolio with 15% down and the purchase of one to four units.
For more information on Juhl’s modern loft-style condominiums and flexible financing programs call 702-840-5320.