Over time, the value of a property will go up and down. Over a long enough period of time, home values , by and large, appreciate. But, in real estate there are no "sure things".
When your home appreciates you have more equity to borrow against, and you'll see a higher profit when you sell. But how will you be sure what you're investing in right now will appreciate over time? Property values in Naples move up and down for many different reasons. Choosing a real estate agent in Naples who knows the factors that influence local prices is the most important factor.
A lot of people guess that the economy is the most influential factor affecting real estate appreciation. Naturally, mortgage rates, unemployment, job growth, government programs and numerous other national determinants have a definite influence on your house's worth. But the most significant things that figure your property's value depend on the local Naples economy and housing market.
Location in a community - Proximity to schools and work also have a huge influence on many home buyers' choices. So these regions often appreciate, or retain their value, best.
The latest home sales - You should receive stats on the recent real estate sales in the neighborhoods that you'd like to live in from your agent. You'll want to analyze data like time on market and seller discounts.
History of appreciation - In the last 5 to 10 years, have home prices increased or decreased? 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 combination of work in an area, or does it rely on just one industry? Is the mix of commercial and residential development changing? These items play 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.