Over time, the value of a piece of real estate will go up and down.
House values appreciate in the long term in most cases.
But there are no guarantees in real estate, of course.
When your house appreciates you have a more valuable asset to borrow against, and you make a bigger profit when you sell.
Property values in Cape Coral vary for different reasons, so how can you be sure what you're investing in now won't depreciate the day after you close?
The most important factor is that you pick an agent in Cape Coral who knows the factors that drive local prices.
Many are convinced that the economy is the top factor impacting real estate appreciation.
It goes without saying that
mortgage rates, unemployment, job growth, government programs and many other national determinants have a definite effect on your house's worth.
However, your home's value and the components that play the most significant role in its appreciation are specific to the local Cape Coral economy and housing market.
Access to services - Many of us prefer to live in areas with the best and most convenient amenities for households to do well, like a close proximity to jobs and schools.
So those communities usually appreciate, or keep their value, best.
Recent home sales - You should receive stats on the recent real estate sales in the neighborhoods that you're interested in from your real estate agent. You'll need to learn things like how long a house stays on the market and asking price versus selling price.
The appreciation history - Is the area considered desirable because of its location or affordability? Have property prices risen or declined over the past 5-10 years?
Local economy - Is there a nice blend of business in an area, or does it depend on just one industry? Have businesses moved into or away from an area? Are local companies hiring?
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.