Are You Really Looking For A Las Vegas Fixer-Upper?

The large number of Las Vegas foreclosures on the market certainly brings out the gold rush spirit in many first-time homebuyers.

Even though many popular television shows portray ripping walls down to the studs and tiling floors as a fun weekend warrior activity, the do-it-yourself approach of rehabbing properties for profit is more involved than Vanilla Ice makes it look.

While there are plenty of properties, and neighborhoods, in Southern Nevada that could use some TLC, many novice home rehabbers fail to consider some of the possible negative aspects of buying a fixer-upper for the purpose of making it their primary residence.

The good news is that there are Rehab mortgage programs available if you are interested in completely remodeling a home, or maybe just making a few minor energy efficient upgrades. Please check with your trusted lending professional about 203k Rehab Loans, or feel free to ask us for a referral.

Either way, the following list explains a few of the challenges home buyers need to consider before entertaining the idea of finding a Las Vegas foreclosure to rehab:

Pride in Ownership Is Delayed

The biggest thrill about buying a new house is showing it off. Housewarming parties, Christmas dinners and friends dropping by just to hang out are some of the best things about being a homeowner.

When you buy a fixer-upper, however, you’ll most likely be forfeiting most of that non-tangible joy for quite a while. After all, are you really going to have your niece and nephew spend the night in a room with just a concrete slab?

Are avocado green countertops too much for you to bear with your best friends in the room? Sure you’ll be excited to have a house, it’s just a shame you can’t share it or the full impact of your pride for a while.

Repair Time Significantly Lengthens

It doesn’t matter what the project is that you’re working on – it’s going to take longer than you thought.

The television shows and website videos we watch are deceiving. It looks like a handful of people walk in with a table saw and paint bucket and just a day or two later, they have installed new flooring, painted everything, built new furniture, found new lighting fixtures and done an artistic interpretation using granite tiles or some such thing.

The truth is there are dozens of people behind the scenes making sure TV miracles happen.

In the real world it works something more like this: You work five days a week and then you come home over the weekend ready to face a project. The first weekend, you might paint. By the time you’ve taped, primed and painted the walls in one or two rooms, your weekend is just about over.

So you head back to work for a few days and then come home and paint the next few rooms. After a month of painting you might have time to start some demo, but between the budget and the amount of time that you’re actually at home ready to rip things apart, projects take huge amounts of time, especially if you’ve never done anything similar and you’re on a learning curve.
Budget Concerns

There are two approaches to a fixer-upper.

One is to hire out the individual projects. This costs significantly more than doing the work yourself, but it is one way to be sure that things are happening at a relatively fast pace. The trick with hiring contractors is to watch your budget carefully. As you uncover walls and pull up flooring, you usually uncover new problems as well, so always budget for projects generously.

The second approach to fixing up a fixer-upper is to do the work yourself. If this is your plan, you’ll be spending less on contractors, but sacrificing more of your time. If you’re working on a tight budget, doing the work yourself is usually the best way to go provided you actually know what you’re doing. If you don’t do a good job on your repairs or you buy subpar materials, you may be lowering your home value, and that’s the opposite of your goal, so take your time and renovate wisely!

About The Author

Rebecca Garland is a freelance writer who enjoys sharing her experience with renovations and home staging in the Denver real estate market with readers. Thanks to a large fixer-upper, Rebecca has entirely too much experience with making a home look great on a thrifty budget. You can learn more about Rebecca on her website,

If you are looking for recent foreclosures or bank owned properties in the Vegas Valley, the following properties are the most recent homes listed for sale in Henderson, NV.

Please feel free to contact our office for help narrowing down your search for a Henderson Investment property or primary residence.

  1. 3 beds, 2 baths
    Home size: 1,785 sq ft
    Lot size: 6,534 sqft
    Year built: 2000
    Days on market: 2
  2. 4 beds, 5 baths
    Home size: 3,943 sq ft
    Lot size: 19,166 sqft
    Year built: 2002
    Days on market: 3
  3. 3 beds, 3 baths
    Home size: 1,883 sq ft
    Lot size: 3,920 sqft
    Year built: 1994
    Days on market: 6
  4. 3 beds, 4 baths
    Home size: 3,420 sq ft
    Lot size: 21,780 sqft
    Year built: 2003
    Days on market: 8
  5. 2 beds, 3 baths
    Home size: 1,542 sq ft
    Lot size: 3,049 sqft
    Year built: 2007
    Days on market: 9
  6. 3 beds, 3 baths
    Home size: 1,645 sq ft
    Lot size: 6,534 sqft
    Year built: 1964
    Days on market: 15
  7. 5 beds, 3 baths
    Home size: 2,460 sq ft
    Lot size: 3,484 sqft
    Year built: 2015
    Days on market: 69
  8. 4 beds, 5 baths
    Home size: 2,779 sq ft
    Lot size: 14,374 sqft
    Year built: 1987
    Days on market: 78
  9. 3 beds, 3 baths
    Home size: 1,426 sq ft
    Lot size: 2,178 sqft
    Year built: 2007
    Days on market: 79
  10. 2 beds, 3 baths
    Home size: 2,039 sq ft
    Lot size: 4,791 sqft
    Year built: 2006
    Days on market: 82
  11. 4 beds, 3 baths
    Home size: 2,617 sq ft
    Lot size: 6,098 sqft
    Year built: 2000
    Days on market: 113
  12. 3 beds, 2 baths
    Home size: 1,440 sq ft
    Lot size: 7,840 sqft
    Year built: 1969
    Days on market: 156
  13. 3 beds, 3 baths
    Home size: 1,622 sq ft
    Lot size: 2,178 sqft
    Year built: 2005
    Days on market: 171
  14. 5 beds, 5 baths
    Home size: 6,757 sq ft
    Lot size: 16,552 sqft
    Year built: 2005
    Days on market: 213
  15. 4 beds, 3 baths
    Home size: 2,096 sq ft
    Lot size: 4,356 sqft
    Year built: 1989
    Days on market: 234
  16. 5 beds, 4 baths
    Home size: 3,694 sq ft
    Lot size: 4,356 sqft
    Year built: 2008
    Days on market: 268

See all Foreclosures - Henderson.
(all data current as of 3/21/2018)

Listing information deemed reliable but not guaranteed. Read full disclaimer.