Contemporary modern home designs dominate market in Las Vegas since housing downturn ten years ago.
Contemporary modern design that are cleaner looking in design, homes that are more open with fewer walls and kitchens built for entertainment are what is now more appealing to the future home real estate buyer.
Contemporary Modern Home Designs Dominate Market
During Housing Boom A Decade Ago, Builders Replicated The Tuscan Design From California:
- Tuscan style design region of Central Italy in the Mediterranean
- Old World feel with granite
- Stone
- Travertine floors
- Interior arches
- Terracotta roof tiles
- Ornate features
- Color schemes brown and gold
Tuscan Property Design Losing Luster Since 2010
Contemporary Modern Home Designs Dominate Market
Tastes have changed to contemporary modern design and the trend for homeowners is not Tuscan style design.
Looking to sell your home or contemporary modern design your home, it’s definitely a trend now.
- Less brown and gold and reds and the clutter of heavy furniture are now not the style
Many customers want to freshen up their contemporary modern design homes and go with whiter walls and cleaner looks.
Tuscan homes Moving Slower To Sell
Tuscan styled homes in the luxury high end developments are getting passed over by people opting for new construction with a more contemporary modern design and openness.
Tuscan style designs were popular for many years and everyone wanted stone on the outside and arches in the interior of the property.
- Traditional living rooms and separate rooms are no longer what luxury high end home buyer’s want in a home
- Tuscan style home owners sell their homes quicker with a remodel
Even with the lack of resale home inventory market an older style home can sit unsold for several months.
Contemporary modern home designs are sold in a few weeks.
Seeing More Renovations
Potential in existing resale homes to do some remodel changes to make it look open and contemporary modern home designs.
The luxury high end homeowners realized they are not getting the prices they expected when they list for sale their luxury high end property that has a Tuscan style design.
New construction building has raised the bar in contemporary modern home designs.
Renovations Can Cost $75,000 or more
Some properties you cannot improve the layout and you have to evaluate where you live and what your return on investment would be.
- Do not over upgrade in your neighborhood
- Not worth it unless for homes of $500,000 to $600,000 and up
- You will get a better return if you live in more upscale areas
- Profit on your remodel is not the goal but getting the highest price for the property and not leaving money on the table
Otherwise, you have to discount
$100,000 to $150,000 can be how far off some home sellers are on their pricing valuation of their own property.
Some home sellers believe they only need to change a counter-top to get top dollar for their home but those expectations are wrong.
- Exterior stone can be mortar washed to make it more modern
- Stone can be removed and replaced with white stone
- Ornate doors and stairwells can be replaced
- Dark wood floors that can be sanded down and refinished
- Wallpaper gives modern look
- Walls can be repainted beige, gray or white
- White walls looks fresh
For people who don’t have a big budget to remodel then this option is available:
- Painting is a good alternative
- Removing heavy drapes and changing furniture pieces helps change a home
- Homes cluttered with too much furniture are not pleasing
Homeowners are inquiring about remodeling the Tuscan style of their homes.
People Starting To See Equity In Their Home
Customers did not have enough equity in their homes a few years ago but have increased over the last three years.
Customers are now seeing the increased values in the market based on upgrades.
Contemporary Modern Home Designs Dominate Market
When buying or selling Las Vegas homes for sale.
Contact an experienced Realtor!
Bob and Diana
Robert Ratliff RE/MAX Reliance
702-508-8262
Contemporary Modern Home Designs Dominate Market
