Over time, the value of a property will go up and down.
Over a long enough period of time, house values generally go up.
But there are no "sure things" in real estate.
When your home appreciates you have a greater asset to borrow against, and you'll generate a higher profit when you sell.
Property values in Loveland change for many different reasons, so how will you know what you're investing in now won't depreciate the day after you close?
The most important factor is that you choose a REALTOR® in Loveland who can identify the factors that affect local prices.
Many guess that the economy is the most critical factor affecting real estate appreciation.
It goes without saying that
there are a handful of issues on a national level that affect your house's value: unemployment, mortgage rates, business growth, and more.
However, your property's value and the factors that play the most significant role in its appreciation are specific to the local Loveland economy and housing market.
Location in a community - Most people want homes in the areas with the most accommodating places we go often or everyday, such as our schools, jobs, and shopping.
So these regions typically appreciate, or keep their value, best.
Trends in home sales - What's the time on market? Are sellers having to discount much or offer concessions A lot of data can be retrieved from public records, but a good agent with access to the local MLS will usually be able to provide a more complete picture.
Appreciation history - Have home prices risen or declined over the last 5-10 years? Is the community thought to be desirable because of its location or affordability?
The local economy - Are local companies hiring? Have companies moved into or away from an area? Is there a fair mixture of job types in an area, or does it rely upon just one industry? Is the mix of commercial and residential development changing?
Each of these items plays a role.