Over time, the value of a property will go up and down.
House values appreciate in the long term by and large.
But, of course, there are no guarantees in real estate.
When your property appreciates you have a larger asset to borrow against, and you'll make a bigger profit when you sell.
Property values in Loveland move up and down for various reasons, so how will you know what you're buying today won't depreciate the day after you close?
The most important part is that you choose a real estate agent in Loveland who is familiar with the factors that drive local prices.
A lot of people believe that the economy is the number one factor affecting real estate appreciation.
mortgage rates, employment, job growth, government programs and many other national determinants have a noticeable effect on your property's value.
But the most influential issues that figure your home's value depend on the local Loveland economy and residential market.
Access to services - Convenient access to schools, employment and amenities like shopping, restaurants and entertainment is a big deal to many buyers and will greatly influence home values.
So when it comes to holding their value, these areas often appreciate better than others.
Recent home sales - Are homes on the market 30, 60, or 90 days or even longer? Are sellers having to discount much? Some information can be retrieved from public records, but a good agent with a login to the local MLS will usually provide a more complete picture.
The appreciation history - Is the neighborhood considered desirable because of its location or affordability? Have house prices risen or declined over the past 5-10 years?
Economic factors - Have companies moved into or away from an area? Are local companies hiring? Is there a fair combination of work in an area, or does it rely on just one industry?
Each of these things plays a role.