Understanding Naples property appreciation

Over time, the value of a piece of real estate will go up and down. Typically, home values appreciate in the long term. But there is always a certain amount of risk in real estate.

When your house appreciates you have a more valuable asset to borrow against, and you'll realize a greater profit when you sell. But how do you know what you're buying right now will appreciate over time? Property values in Naples move up and down for many different reasons. The most important part is that you choose an agent in Naples who can identify the factors that drive local prices.

The economy is thought to be the most influential factor impacting real estate appreciation. Obviously, interest rates, employment, business growth, government programs and some other national factors have a definite impact on your property's worth. However, your property's value and the elements that play the biggest role in its appreciation depend on the local Naples economy and housing market.

Let Metro Properties help you with your first home purchase in Naples Access to services - Convenient access to schools, jobs and amenities like shopping, restaurants and entertainment is important to many buyers and will greatly influence home values. So these regions typically appreciate, or hold their value, best.

Recent home sales - Are homes on the market 30, 60, or 90 days or even longer? What was the selling price compared to the listing price? Some information can be obtained from public records, but a good agent with a login to the local MLS will often provide a more complete picture.

History of appreciation - In the last 5 to 10 years, have property prices gone up or down? Does location or affordability affect how desirable the community is believed to be?

The local economy - Are local companies hiring? Have businesses moved into or away from an area? Is there a nice combination of jobs in an area, or does it count on just one industry? Is the mix of commercial and residential zoning changing? All these play a role.

It's wise to know the factors that impact your house's worth. Click here to receive an evaluation of your home's value. And if you have any questions, call me at 866-300-1550 or e-mail me .

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