Over time, the value of a piece of real estate will go up and down.
Over a long enough period of time, house values generally appreciate.
But, of course, there are no guarantees in real estate.
When your home appreciates you have a larger asset to borrow against, and you'll see a larger profit when you sell.
Property values in Loveland change for many different reasons, so how will you be sure what you're investing in today won't depreciate the day after you close?
Choosing an agent in Loveland who is familiar with the factors that drive local prices is the most important element to consider.
What is the greatest factor impacting real estate appreciation? Many assume that it's the economy.
It goes without saying that
there are quite a few issues on a national level that affect your home's value: unemployment, interest rates, business growth, and more.
But the most important factors that determine your home's value depend on the local Loveland economy and housing market.
Access to services - Most people want homes in the districts with the best and most convenient amenities, such as our jobs and schools.
So these regions usually appreciate, or retain their value consistently, year to year.
Real estate sales trends - How long do homes typically stay on the market? Are sellers having to discount much? Some information can be obtained 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 community considered desirable because of its location or affordability? Have house prices increased or decreased over the past 5 to 10 years?
Economic factors - Have businesses moved into or away from an area? Are local businesses hiring? Is there a fair mixture of work in an area, or does it count on just one industry?
All these play a role.
Want to know if a home is still on the market, or if the price has changed? We can help. Simply fill out the information below and with no obligation to you we'll get back to you with your requested information. We guarantee your privacy.