Home prices are forever in flux.
Over a long enough period of time, home values generally go up.
But, of course, in real estate there is always a certain amount of risk.
When your home appreciates you have more equity to borrow against, and you'll see a greater profit when you sell.
Property values in Naples shift for many different reasons, so how will you be sure what you're buying right now won't depreciate the day after you close?
It's critical that you go with a REALTOR® in Naples who understands the factors that drive local prices.
A lot of people are convinced that the economy is the most critical factor impacting real estate appreciation.
It goes without saying that
there are many factors on a national level that influence your home's value: unemployment, mortgage rates, business growth, and more.
But the most important things that decide your house's value depend on the local Naples economy and residential market.
Location in a community - Being close to schools, employment and amenities like shopping, restaurants and entertainment is a priority to many us and will greatly influence home values.
So when it comes to holding their value, these communities usually appreciate the best.
Trends in home sales - What's the time on market? Are sellers needing to discount much? A lot of data can be retrieved from public records, but a good agent with access to the local MLS will often be able to provide a more complete picture.
The appreciation history - Is the neighborhood considered desirable because of its location or affordability? Have home prices gone up or down over the last 5 to 10 years?
The local economy - Are local businesses hiring? Have businesses moved into or away from an area? Is there a good blend of business in an area, or does it count on just one industry? Is the blend of commercial and residential development changing?
All these play a part.