Over time, the value of a home will fluctuate up and down. Generally, house values appreciate in the long term. But, of course, in real estate there are no guarantees.
When your home appreciates you have a greater asset to borrow against, and you'll realize a larger profit when you sell. Property values in Naples rise and fall for many different reasons, so how will you be sure what you're buying presently won't depreciate the day after you close? The most important aspect is that you go with a real estate agent in Naples who recognizes the factors that affect local prices.
The economy is assumed to be the most critical factor affecting real estate appreciation. After all, mortgage rates, employment, business growth, government programs and numerous other national factors have a noticeable effect on your home's value. But the most important things that figure your home's value depend on the local Naples economy and housing market.
Access to services - Proximity to work and schools also have a huge impact on almost all home buyers' choices. So those regions consistently appreciate, or hold their value consistently, year to year.
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 need to analyze data like time on market and seller discounts.
History of appreciation - In the past 5-10 years, have home prices risen or declined? Does location or affordability affect how desirable the neighborhood is thought to be?
Local economy - Is there a nice combination of work in an area, or does it depend on just one industry? Have companies moved into or away from an area? Are local businesses hiring? All these 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.