Over time, the value of a property will fluctuate up and down.
Over a long enough period of time, house values normally go up.
But, of course, there are no guarantees in real estate.
When your house appreciates you have a bigger asset to borrow against, and you'll create a greater profit when you sell.
But how will you know what you're investing in today will appreciate over time? Property values in Loveland fluctuate for many different reasons.
It's important that you pick a REALTOR® in Loveland who knows the factors that affect local prices.
Many believe that the economy is the most important factor impacting real estate appreciation.
there are several factors on a national level that influence your home's value: unemployment, mortgage rates, the stock market, and more.
But the most influential factors that decide your home's value depend on the local Loveland economy and housing market.
Location in a community - Being close to schools, employment and amenities like shopping, restaurants and entertainment is a big deal to a lot of us and will greatly influence home values.
So when it comes to retaining their value, these communities usually appreciate the best.
Recent home sales - You should receive information on the recent real estate sales in the areas that you're interested in from your REALTOR®. You'll need to learn figures like how long a house stays on the market and seller discounts.
Appreciation history - Have house prices increased or decreased over the past 5-10 years? Is the neighborhood considered desirable because of its location or affordability?
Economic factors - Have businesses moved into or away from an area? Are local businesses hiring? Is there a fair mixture of business in an area, or does it rely upon 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.