HOME APPRECIATION


UNDERSTANDING PROPERTY APPRECIATION



Property Values are continually changing, and house values appreciate in the long term almost always. As a property owner, there is always a certain amount of risk, and you want to be on the right side of that equation. The good news is that when your property value increases, so does your equity and potential profit. But here's the catch: how do you ensure your investment doesn't turn south overnight? Choosing an agent who understands the intricate factors that affect the Colorado Springs real estate market is key. Invest smart, and watch your equity soar.


FREE HOME VALUE ASSESSMENT!!



Many guess that the economy is the biggest factor affecting real estate appreciation. Naturally, mortgage rates, employment, job growth, government programs, and a handful of other national determinants have a noticeable effect on your home's worth. But the most influential things that determine your property's value are specific to the local Edmond economy and housing market.

Location in a community - Many consumers want to live in districts with the most accommodating factors for homes to shine, like close proximity to schools, jobs, and work. So when it comes to keeping their value, these communities usually appreciate much more reliably than areas lacking key features.

Recent sales - Your real estate agent should give you figures on the recent home sales in the regions that you're interested in. You'll want to know the average time on the market, selling versus listing price, and more.

History of appreciation - In the past 5-10 years, have home prices gone up or down? Does location or affordability affect how desirable the neighborhood is thought to be?

The local economy - Are local businesses hiring? Have companies moved into or away from an area? Is there a fair mix of jobs in an area, or does it depend on just one industry? Is the blend of commercial and residential development changing? These items play a role.

It's smart to be informed about the factors that influence your home's market price. Visit this link for an estimation of your house's value


SCHEDULE A FREE CONSULTATION TODAY!!


 

MLS Logo The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp.
All rights reserved.