Understanding Dunedin property appreciation

Home prices are forever in flux. Normally, house values appreciate in the long term. But there is always a certain amount of risk in real estate.

When your home appreciates you have a greater asset to borrow against, and you'll produce a greater profit when you sell. There are numerous reasons why property values in Dunedin move up and down. So, how will you be sure what you're purchasing presently will appreciate over time? Choosing an agent in Dunedin who recognizes the factors that affect local prices is the most important element to consider.

Many assume that the economy is the most important factor impacting real estate appreciation. It goes without saying that mortgage rates, unemployment, business growth, government programs and numerous other national determinants have a noticeable influence on your house's value. But the most important issues that decide your home's value are particular to the local Dunedin economy and residential market.

Let Hot Homes Realty help you with your first home purchase in Dunedin Access to services - People typically want homes in the regions with the easiest access to amenities, such as our schools and jobs. So these areas typically appreciate, or retain their value, best.

The latest home sales - What's the time on market? Are sellers needing to discount much? Some information can often be retrieved from public records, but a good agent with a login to the local MLS will usually be able to provide a more complete picture.

History of appreciation - In the last 5-10 years, have home prices increased or decreased? Does location or affordability affect how desirable the neighborhood is believed to be?

The local economy - Are local businesses hiring? Have businesses moved into or away from an area? Is there a fair mix of jobs in an area, or does it depend on just one industry? Is the mix of commercial and residential development changing? Each of these items plays a role.

It's worthwhile to be informed about the factors that affect your house's worth. Click here to get an estimation of your home's value. Call me at (727) 455-5510 or e-mail me if you have any questions at all. I'd love to hear from you.

Hot Homes Realty

310 Causeway Blvd.
Dunedin , FL 34698