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Buying a Fixer Upper House in Las Vegas

Real estate terms, you’ve heard plenty of them, but may not entirely know what some may mean. One good example of a common, but often misunderstood, real estate term is “fixer-upper house”. If you’re planning on owning one of these houses, here’s some important information you need to know.

Definition

First, what is a “fixer-upper”? Simply put, a fixer-upper is a property that needs to be repaired or fixed. Owners can redecorate, redesign and reconstruct any aspect of the house.  However, most of the time, this house can be used as it is. Buyers who are interested in raising the property’s value, after they have fixed or repaired it, will be interested in these types of houses. This practice is also known as “flipping”, flipping the value of the house through renovations and repair.

Any time is a good time to buy a fixer-upper house in Vegas, but, depending on the condition of the house, it could also mean more expenses on the repairs. Sometimes, the damages are minimal, which makes it easier to save money.

The Cost of Repairs for a Fixer-Upper

fixer-upper home

Buying a fixer-upper house can be a good investment, but how much does it cost? Truth is, prices may vary since some properties may need more repair than others. In order to know how much it will cost you, it’s best to have the house undergo a proper assessment. This can help you see if improvements make sense, given the price you bought the property at.

What is the Best Kind of Fixer-Upper House to Buy?

First-time fixer-upper buyers usually want a property that’s in good condition and has minimal damage to fix. However, the best kind of fixer-upper is the one that has peeling wall paints, torn and worn carpets. In short, houses that have these kinds of problems are the ones worth buying. These types of properties can be easily fixed and turned back into a pristine condition. These types of house are the ones that usually sell like hot cakes in the market.

Not All Fixer-Upper Houses are the Same

If you are new to buying fixer-upper houses in Las Vegas, it is important to understand that not all houses are the same. Not all properties are profitable in the future once they’ve been repaired. Before jumping right into buying a fixer-upper, here are a few important things you should know:

  • Location – It is important that you keep the location of the house in mind. You don’t want to buy a house in the middle of nowhere, right? It would be a hassle for you and your buyer. Keep in mind that location is important, so as you go around and look for houses, make sure that it’s at an ideal location. Near an intersection or close to a landfill? That’s a no-go! A house that is located near or next to a school is also a big no. In short, look for a house that is located in places that are desirable. Ask yourself if you would like to live in that location if you are going to sell it. If you can’t see yourself living in such a place, what makes you think that your buyer would? Makes sense, right?
  • House’s layout – Always check the house’s configuration. This will help you determine if that three-bedroom house is appealing to buyers or if they’d want something else. The layout of the house is just as important as its location. Buyers will always look at how a house looks on the inside and whether or not it is a practical purchase for them. A fixer-upper house that has a bad layout may mean more difficulty selling, so make sure you check it well. Also, consider the type of buyers you are targeting. What works for couples without children may not work for those who have children and vice versa.

Let’s Talk About Vegas

Las Vegas is notorious for its busy nightlife, casinos, and strip bars. Thus, the name Sin City was coined. While the state is known for being a gambling haven for many tourists, a lot of these people seemed to be enjoying the place and have even found themselves buying properties. Now, this sounds like a good idea, but have you asked why a lot of people are purchasing fixer-upper houses there? If you are planning to get one in the future or already looked into it, here are a few good reasons why you should have one in Vegas:

It’s home to many rich people as well as luxurious houses. In fact, Las Vegas has been growing rapidly these past few years. In a few years time, the value of a property will skyrocket. With the ever-increasing population and people moving to this part of the state, it’s not surprising that a lot of them will be looking for a place to stay temporarily or permanently. So, investing in a fixer-upper house in Las Vegas as early as now is a good idea! If you plan on getting profits in the future, invest now.

Now that you know why a lot of people are moving and buying fixer-upper houses there, is it really a good deal? How will you know if your investment is as promising as you hoped it would be?

Signs of a Bad Fixer-Upper House Investment

The idea of putting your money in an investment sounds like a good plan, but what if it goes sideways? Before you decide to purchase a house and repair it for increased profits, you should know what to look for. There are a few things you need to keep in mind when you are looking into a fixer-upper house in Las Vegas and you must avoid them at all cost. Here are five bad signs that in a fixer-upper house:

  1. The layout is poor – Keep in mind that a house’s layout is important since you will be weighing the pros and cons if it’s a practical house to flip. If at first glance the house looks oddly designed, don’t purchase it. Always check the floor plans first so you can tell if the placement of the rooms is practical. If the floor plan is bad, there’s a big chance that you might have to reconstruct everything in the future. This just adds more expenses in your budget, let’s try an avoid that.
  2. Bad foundation – A good house to fix usually requires minimal changes. It usually doesn’t require a lot of changes and if there’s any, it shouldn’t require a lot work. However, if the house you are looking into has a pretty bad foundation (also known as the base or frame of a house), you might need to add to the property. Foundations with cracks are poorly constructed; it’s just a sign that says “This investment isn’t worth buying”.
  3. If the house is being forced to be sold – You can always tell that something is up when the seller of the house is literally forcing you to buy it. It could be due to a lot of reasons other than gaining profits, but a house being sold should not be forced upon anyone who isn’t sure about the place. So, if you feel like that owner of the house is “dying” to sell it, walk away. You might just be walking into a financial disaster even if you try to fix the house and sell it.
  4. The house is in a poor location – Again, location is important. Make sure that the house you are trying to buy is not located in a railway area where future owners might not like, near an intersection where traffic is crazy, or there are more abandoned houses than there are actual neighbors. This could be a sign that you won’t get your money back as quickly as you expected if you choose to buy the fixer-upper houses in Las Vegas.
  5. The house is sold “as is” – While some houses that are sold “as is” are great, there are plenty of reasons why it’s not always a great investment. It could be that, the house has major repairs to be done, it has been abandoned for a long time, or the foundations are not as reliable. However, if you want to invest your money in a house that is sold “as is”, then be sure to examine and appraise the house properly. That way, you know if you can still profit from it or not.

Conclusion

With its fast-growing economy, Las Vegas is pretty much an ideal place to live in. If you are planning to buy a fixer-upper house and want to invest in that property, then go ahead. Knowing the costs of repairs is important, this way you can prepare for the reconstructions you’ll have done in the future. Don’t forget to watch out for the signs mentioned above, this way you can avoid poor investments in the future.

jesse phalin
jesse phalin
01:29 18 May 21
Thank you, Thank you, Thank you! Went above and beyond assisting me through this process. Helped me move my things and even let me leave what I wasn’t taking with me. Thanks for all of the hard work.
Kelly Stewart
Kelly Stewart
21:27 08 May 21
My husband handled the process but felt good dealing with this local company and they did not try to change price after seeing the house. They actually offered higher once they saw our home. Had 5 companies come our to give us bids and they all were bait and switch. They beat everyone’s offers too. We tried to list before and couldn’t sell. I don’t know why anyone would work with head aches of real estate agents and paying commissions, banks, inspectors and the time to close only to walk away with the same money. Thank you Ryan and Jamie.
degan Stewart
degan Stewart
21:23 08 May 21
Thank you guys so much. Jamie is so sweet and on it. Ryan Is one of the most genuine people I’ve met in Vegas. They did what they said they’d do when they said they would and kept us in the loop the whole time
Brian Higgins
Brian Higgins
22:00 04 May 21
Thank you guys so much for everything. Ryan and Jamie Helped me find a place to get out of our old place. It was so nice to have the moving company just handle everything for me.
Sheila Winn
Sheila Winn
19:05 09 Apr 21
I struggled with the idea of selling my house to a "flipper". This company was fair, professional and extremely helpful every step of the way. I never had to wait for a response from Kelly Schnippel when I had a question or concern.I personally would recommend them to anyone looking to get a fair price for their property all the while getting kindness, professionalism and assistance from the buyer.Thank you Kelly Schnippel! I appreciate YOU and your team!Sheila Winn
Valerie Grijalva
Valerie Grijalva
17:30 27 Feb 21
Casey and his team will handle your transaction with the upmost professionalism and class like no other. Their knowledge in real estate will exceed your expectations and you won't be disappointed from beginning to end with their communication and systems to ensure your goals are met. I highly recommend Casey and his team!
Ann Reback
Ann Reback
18:51 25 Feb 21
Thank you for your professional and personal help in this process. You and your team have been so knowledgeable, responsive, courteous and kind...understanding my goals and executing each step in a timely and professional manner! THANK YOU! I will recommend you and your team to friends and others in our community.
Aviv Ben Shimon
Aviv Ben Shimon
16:38 25 Feb 21
Jess Lapensee
Jess Lapensee
16:31 25 Feb 21
From start to finish the selling process was quick and easy!
Eyal Karban
Eyal Karban
16:22 25 Feb 21
The best team in the business!Really helped us to cash out our home, very fast, very professional, great price, thank you!
jevim kale
jevim kale
04:17 27 Jan 21
Best experience with We Buy Any Vegas House. Extremely knowledgeable about home selling process and marketing. Wonderful people to work with. Highly recommend if you are looking to sell your home in Las Vegas NV.
Kate 7Timmons7
Kate 7Timmons7
01:02 26 Nov 20
We were looking to sell our home and called We Buy Any Vegas House so we could get more information. We spoke to Casey Ryan. Ryan was informative, answered our questions, and he went out of his way to give us the best advice on selling our home. Kelly was also helpful and was quick to answer any questions we had.We recommend calling We Buy Any Vegas House to anyone interested in selling their home.
Towik Jes
Towik Jes
05:36 16 Nov 20
I recently helped my parents sell their home due to unforeseen events and We Buy Any Vegas House.com made the process smooth and easy. Their company offered a very reasonable price for my parents home and they closed in 30 days as promised. Look no where else!
Alexa Pughlet
Alexa Pughlet
04:15 17 Sep 20
We Buy Any Vegas House is a very good company to work with, they were very professional and knowledgeable about their business. They made it very easy to work with them. If i ever had to sell my house again I would definitely call them first. Thank you guys for helping me out in my time need.
Pauletta Smith
Pauletta Smith
21:08 02 Sep 20
I contacted them on 8/06/2020 and had my check in my hand on 9/01/2020! They were fast, professional, and gave me a very fair offer for my property. I had to get out of my house pretty quick because of a medical problem and I was able to do most of the paperwork on line. The title company they worked with was great. Very fast and very thorough. No snags. Easy transaction! Signed all the papers and had my money 5 days later. I would recommend them to anybody. Plus...packed and took what I needed and left the rest. No cleaning or trying to find someone to take what I didnt want. Awesome! Thank you.
James Aimery
James Aimery
05:11 08 Aug 20
We Buy Any Vegas House was a great business team. Staff were helpful, friendly and responsive. I was able to sell my house within 2 months in an area where real estate agents are struggling with many properties on the market for much longer periods. I would recommend them to anyone thinking of selling.
Wayne Romerobel
Wayne Romerobel
03:57 30 Jun 20
These guys are the best place to sell your house in Las Vegas. They gave me a fair price and closed quick for maximum convenience. These people are professional, efficient, and extremely friendly.
Lynne M
Lynne M
04:52 24 Jun 20
I have nothing but positive things to say about this company! I needed to sell a house quickly after a death in my family. I spoke with several Cash for Houses Companies in Las Vegas and settled on We Buy Any Vegas House. Everyone was very sensitive about my situation, helpful, answered all my questions and extremely responsive when I called. Ryan and Kelly were awesome!After we settled on a price everything went super smoothly in escrow and again if I had any concerns or questions there was immediate feedback. Also the fact that I was able to do this remotely as I live in California was extremely helpful! I am so grateful for all the help I received during a very challenging time in my life.
Frank Lyod
Frank Lyod
04:21 12 Jun 20
Great team! Glad we chose We Buy Any Vegas House team who understood the market of real estate in our city. They gave us a fair cash offer for our home. We accepted and closed very quickly. We are happy with the outcome and the way we were treated from start to finish.
Sharla Olivaresretento
Sharla Olivaresretento
04:20 28 May 20
Had a really great experience working with We Buy Any Vegas House.com! I really needed to sell my house in Las Vegas and they helped out. Thank you so much!!
Tom Cruz
Tom Cruz
04:11 12 May 20
If/when I do decide to list my home, We Buy Any Vegas House will be the first place I call. They are professional, helpful, and friendly. They provided a lot of helpful information during the course of our business.
Robinson Hunk
Robinson Hunk
04:31 25 Apr 20
We Buy Any Vegas House buyers is a great blessing to my family. Our house was actually sold very fast, in just 7 days processed. Thank you so much!
Florinda Shuff
Florinda Shuff
04:42 08 Apr 20
Las Vegas home buyers has been great to work with. They’re very knowledgeable in real estate and always do what they say. I highly recommend We Buy Any Vegas House.
Florinda Shuff
Florinda Shuff
04:53 21 Jan 20
I got an amazing job offer down in Las Vegas and needed to sell my house fast. First, they explained everything to me and how it all works (selling your house for cash). The process was pretty easy and quick which I appreciated greatly!!
Freddy Aleman
Freddy Aleman
18:47 27 Dec 19
My wife and I recently bought a home from Casey Ryan. The home we purchased is located in Centennial Hills. Gorgeous remodel. Casey and his team did a great job of designing the home. We ran into a couple of issues shortly after moving in. Casey had his people out quickly during Christmas week to make a couple of repairs. He gave my wife and I peace of mind during a chaotic holiday week and for that we will always appreciate him. I would recommend a Casey Ryan home to my friends and relatives.
Angela Rienstra
Angela Rienstra
21:06 26 Dec 19
I needed to sell my house from out of state ASAP. I looked into some other larger name companies and was disappointed with their turn-around time and lack of customer service. I'm so grateful to have found Ryan (and Kelly)! They understood my time crunch and moved heaven and earth to buy my house at a fair price and closed by the promised date. They were with me every step of the way and offered world class service! 100% would recommend to anyone!
Sue Kuckelmann
Sue Kuckelmann
17:02 16 Nov 19
We couldn’t be more pleased with the service provided. From start to finish the team was professional and extremely helpful. All the deadlines were met or exceeded even when I was in Arizona and my husband was in Las Vegas. I would recommend them to anyone who is looking to sell in Las Vegas.
Sam Thompson
Sam Thompson
17:47 25 Oct 19
Great people and very professional. Treated me and my situation fairly and with care.
Mandy Majano
Mandy Majano
01:49 07 Oct 19
They did exactly what they said they would. Great company! Highly suggest!
Anthony Montonini
Anthony Montonini
01:31 07 Oct 19
Thank you guys. We were selling our house to Casey And Ryan and there was some HOA liens that totaled over $40k and they met with the HOA board with me and got them reduced to less than $5k so I walked away with $35k more than I thought I was going to. True professionals!
Nicole Dur
Nicole Dur
01:20 07 Oct 19
My grandma needed help selling after my grandpa passed :( anyways I found them through google and they really treated her like their own family. And let us leave a lot of the stuff she had accumulated over 40 years in the house. Thank you Casey and Ryan!!
pat rolman
pat rolman
01:13 07 Oct 19
These guys have true character. We signed agreement to buy my house then my situation changed and they didn’t force me to move forward. Then 2 months later I needed to sell it and they helped me find a new place any everything. They are really Great people.
That_one_random_ Crafter
That_one_random_ Crafter
00:06 24 May 19
This was so easy Casey was very helpful and kept in contact through the entire process thank you again for everything. Highly recommend this company.
Lela Leedham
Lela Leedham
03:08 22 Feb 19
Great experience working with Casey and Ryan. We would recommend them anytime. They are very knowledgeable and very professional.
Emily Binder
Emily Binder
21:16 18 Feb 19
Jennifer Gibbs
Jennifer Gibbs
19:58 18 Feb 19
A very impressive operation. Very professional and knowledgeable. They follow up when they say they will. Very helpful Team. If you're looking for a fast and fair cash offer on your home, these are the guys to call!
Mario Elizondo
Mario Elizondo
19:58 18 Feb 19
Very professional and a pleasure to work with.
Danny O'Bannon
Danny O'Bannon
19:53 18 Feb 19
I called 5 different companies from google trying to find a company that would pay the most for my rental and their offer was higher than the others. Extremely streamlined process. Easiest transaction I’ve done
Ross Greene
Ross Greene
18:04 17 Feb 19
Ryan & Casey were great to work with! Absolute pro's in the business. I would definitely recommend them. If only I could give them more than 5 stars. Hope to work with them again soon! Thanks guys!
Pam Dickerson
Pam Dickerson
23:53 15 Feb 19
Excellent customer service! Helped us through the entire process. Highly recommend!
steve Balsacker
steve Balsacker
19:35 14 Feb 19
Me and my wife had gone through a divorce and we wanted a quick way to get rid of our property so we could just move on with our lives, Thankfully Ryan came in and helped us out, I didn't have the time to deal with the headache of people coming in and out as well as all the repairs that were needed. He gave me top dollar for my home and I was out in 7 days!
jason almeida
jason almeida
16:52 14 Feb 19
We have seen their signs around town and thought it was a scam, we decided to give them a call and I couldn't have been happier with our experience. They were professional and knowledgable, they paid for all closing costs and even helped with our family move. Great guys and great company! Thanks again!
Peter Floratos
Peter Floratos
04:51 14 Feb 19
This team handles their business right. They are a pleasure to work with.
Tyler Hubbs
Tyler Hubbs
04:38 14 Feb 19
Ryan and Casey treated me with patience and respect during the whole transaction! Very trustworthy and explained each and every question I had!! I would highly recommend We Buy Any Vegas House!!
Avraham Metal
Avraham Metal
01:58 14 Feb 19
As a Real Estate Agent I have sold properties to Casey and his Team. They are men of their word and have never let me down.
Dena Shapiro
Dena Shapiro
01:29 14 Feb 19
What an AWESOME experience!! Casey and Ryan are THE BOMB!! They either answer their phone ALWAYS or respond within minutes. They originally called to see if I wanted to sell but I wasn't interested in selling. However, my neighbor had to sell immediately so I referred them to her, she accepted their offer & they closed escrow within weeks. It would've been A LOT sooner but there were delaying issues on the seller side. Anyways, they got it closed & EVERYONE is happy!! Thank you so much Casey & Ryan :). YOU'RE THE BEST!!!
Ron Lorenzo Woods
Ron Lorenzo Woods
00:51 14 Feb 19
Great team with quick and professional service!
karina giraldo
karina giraldo
00:36 14 Feb 19
Knowledgeable, fair, and professional. I loved working with Casey. I did my research before selecting a company, and I’m so happy I went with them!
Cody R
Cody R
00:27 14 Feb 19
Casey runs a great company that's honest, easy to deal with, and is always fair. I'd absolutely work with him again!
Whitney Carter
Whitney Carter
21:42 08 Feb 19
Grateful to have worked with such a great company! Long story, short they really did help me through a tough time. No need to get into details, but this company really knows what they are doing. Thank you for all of your help with my home. Highly HIGHLY recommend!
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