Home prices are forever in flux.
Typically, property values appreciate in the long term.
But, of course, there is always a certain amount of risk in real estate.
When your house appreciates you have more resources to borrow against, and you'll make a higher profit when you sell.
There are different reasons why property values in Naples waver. So, how can you be sure what you're purchasing this year will appreciate over time?
The most important thing is that you select an agent in Naples who understands the factors that drive local prices.
What is the number one factor affecting real estate appreciation? Many think that it's the economy.
It goes without saying that
interest rates, unemployment, business growth, government programs and several other national factors have a definite influence on your house's value.
But the most important factors that determine your house's value are specific to the local Naples economy and housing market.
Access to services - Proximity to schools and jobs also have a significant influence on many home buyers' choices.
So when it comes to retaining their value, these communities typically appreciate the best.
Real estate sales trends - How quickly are houses selling? What was the final sales amount versus the asking price? Some information can be obtained from public records, but a good agent with access to the local MLS will usually be able to provide a more complete picture.
History of appreciation - In the past 5 to 10 years, have property prices risen or declined? Does location or affordability affect how desirable the neighborhood is considered?
Local economy - Is there a nice mix of business in an area, or does it rely on just one industry? Have businesses moved into or away from an area? Are local companies hiring?
Each of these factors plays a part.
Are you looking to sell your house? Let us help you. Just fill out as much of the information below that you want and we'll get right back to you, with no obligation to you. We guarantee your privacy.