Las Vegas, Nv Real Estate For Sale - Mls# 167ff248-D77 Is A 3 Bedroom, 3 Bath Home Priced At $1,100

You Have Got To See This Adorable New Home Listing In Las Vegas:

Property Details For: 6524 Belgrave Hall Lane Las Vegas, NV 89122
Type:	Single Family
Price:	$1,100
Bedrooms:	3
Baths:	2.5

See full detail for Listing: 167FF248-D77

Address: 6524 Belgrave Hall Lane Las Vegas NV 89122

Here is some additional information about 6524 Belgrave Hall Lane Las Vegas NV 89122:

Beautiful 1500 Sq. Ft. Two-Story Home In Quiet Family Community. Lots Of Space, 3 Bedroom W/Loft, 2.5 Bath. Very Clean, All Appliances Included. Ready To Move In!

Here is what Trulia.com has to say about the area: Average price per sqft in Las Vegas, NV went down 90.12% to $77/sqft from prior quarter

Real Estate Market Update In Las Vegas, Nv

Median sales price in Las Vegas, NV went down 4.00% to $108,000 from prior quarter

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Today's Real Estate Update For Las Vegas, Nv

1,777 price reductions in Las Vegas, NV

Today It Looks Like There Is Some Movement In Las Vegas, Nv

Average price per sqft in Las Vegas, NV went down 90.12% to $77/sqft from prior quarter

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Today's Real Estate Update For Las Vegas, Nv

5 upcoming open houses in Las Vegas, NV

As Foreclosures Grow, So Does Mold

NPR reports, as huge numbers of foreclosed homes continue to work their way through the real estate pipeline, another problem is blossoming — mold.  In most homes, as residents go in and out and the seasons change, natural ventilation sucks moisture up to the attic and out through the roof. It's called the "stack effect." And in many parts of the country, it's driven by air conditioning in the summer and heat in the winter.

But no one is going in or out of most foreclosed homes — regardless of climate — and the effects can be devastating.  In some states, it's estimated that more than half of foreclosed homes have mold and mildew issues. Realtors across the country say they're seeing the problem in everything from bungalows to mansions.

Realtors say they don't think banks mean to incur thousands of dollars in mold damage just to save on monthly utility bills. But the mold problem appears largely to be a manifestation of the foreclosure crisis. Bills go unpaid, houses sit vacant, and the whole process takes much longer than anyone wants.  Charges of faulty paperwork have slowed the pace of foreclosures in recent months, and that may be exacerbating the mold problem as those houses sit and bake through the long, hot summer.

High Demand For Low Risk

A new report released by HotPads.com, a national housing search engine, shows that rental listing prices across the US climbed 7.4 percent while for sale listing prices retreated 8.8 percent since this time last year (April 2010 - April 2011).  First-quarter data shows a reversal of the broader trend -- rental prices fell 1.8 percent and sale price rose 3.5 percent -- but the report emphasized that the first-quarter trend is likely attributed to seasonal patterns in the housing market.

Further, HotPads' most recent Rent vs Buy Ratio analysis, an indicator of home price stability calculated by dividing an area's median house price by annual rent, shows that several states may be entering a 'buyers' market. The 10 states with the lowest Rent-Buy ratios, represented in the accompanying map, appear to have the most favorable conditions for buying instead of renting. 

Five Inexpensive Ways to Make Your Rentals Green

Going green was once just a good idea for being environmentally friendly. Now, it’s one of the hottest amenities. In fact, 60 percent of renters seek out environmentally-friendly homes and apartments. A green community is very attractive to the modern prospect and 17 percent of renters won’t even considering renting an apartment that isn’t green.

By going green, you could have an edge on other communities in your area that haven’t yet made the switch. Perhaps an even more impressive incentive is that 25 percent of prospects said they’d be willing to pay more for a green rental.  Earning the *green* moniker for your community is easier than you might think. Granted, choosing energy efficient appliances is a crucial step. But, if you’re not ready to make the investment in energy efficient appliances, consider these five low-cost ways to work towards earning the green title. (Source: Michelle Peters, PropertyManagementInsider)


1. Install low, flat shower heads
The average single family home uses 69.3 gallons, with showers accounting for 16.8 percent of total indoor water use. Low, flat shower heads reduce water use by an average of 50 percent for a household. This can mean hundreds of dollars of savings a year and up to 450 pounds of carbon dioxide saved.
Your cost? Less than $10.00 per shower head.


2. Install programmable thermostats
Lowering your thermostat just two degrees in the winter will save 6 percent of heating-related CO2 emissions. This eliminates 420 pounds of CO2 per year for a typical single family home (source). A simple switch on the thermostat of just a degree or two can mean over a hundred dollars in savings for the renter each year.
Your cost? $40 and up.


3. Offer recycling bins
This may seem like a no-brainer, but offering recycling options for tenants is crucial to attracting environmentally-conscious prospects, so it needs to be mentioned. By offering bins in your community you can also inadvertently encourage other tenants to recycle.
Your cost? $10 and up.


4. Install permanent air filters
Most of us regularly replace our air filters. But did you know that keeping air filters clean reduces energy consumption by 5 percent (source)? If you want to make this a marketable community asset, buy permanent air filters that can be washed and reused instead of thrown away.
Your cost? About $20 each.


5. Install motion-sensor lights
Installing motion sensor lights can reduce energy consumption by as much as 50%, which equals a huge savings on the monthly energy bill (source). Motion sensor lights can also help promote a safer living environment for tenants by adding an additional security monitor in their apartment. Any possible intruders will trigger the lights. Dimming lights save on the energy bill and conserve bulb life.
Your cost? $10-$15 each.


What steps have you taken to “green up” your properties? What kind of cost savings have you realized? Share your ideas and results in the comments below.

Home Warranty vs. Putting Money Aside

As summer approaches in Las Vegas, HVAC becomes a primary concern to all landlords. Adding central air conditioning to an existing forced-air heating system or installing a new HVAC system in a 2,000-square-foot house averages $3,500 -$4,000, and can be done by two technicians in 2-3 days, with little or no change to the existing ducting.  Keep in mind that with the new EPA laws governing renovation and work completed on a house built prior to 1978 there is a lot more cost involved in making repairs.  This cost will be most likely passed on by the contractor to the homeowner.  The cash reserve required for your rental property will vary with the style and size of the home.  A good rule of thumb is to keep at least 4x the monthly rent in a cash reserve. 


Depending on the home warranty, standard plans run about $300-$400 per year and typically cover the electrical operation of the HVAC, including the evaporative cooler.  Premium plans most often include code upgrades and mismatched systems and run between $500-$600 per year.

As you can see, it doesn't take much to have a home warranty make sense.  However, make the decision based on the age of the property and if you've already invested in rehabbing the existing systems.  Energy prices are already soaring; there's no need to throw more dollars out the window.