Better Homes & Gardens/The Masiello Group
Beth Rohde Campbell
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Understanding property appreciation in the Seacoast New Hampshire Area

Over time, the value of a home will go up and down. Usually, house values appreciate in the long term. But, of course, there are no "sure things" in real estate.

When your house appreciates you have a bigger asset to borrow against, and you make a higher profit when you sell. Property values in the local area go up and down for different reasons, so how will you be sure what you're purchasing today won't depreciate the day after you close? The most important thing to consider is that you pick a real estate agent who knows the factors that influence local prices.

   



The economy is assumed to be the most important factor affecting real estate appreciation. After all, there are quite a few issues on a national level that change your property's value: unemployment, mortgage rates, business growth, and more. But the most significant factors that decide your home's value are particular to the local economy and residential market.

Let Better Homes and Gardens/The Masiello Group help you with your first home purchase in Durham Access to services - Proximity to schools, jobs, and amenities also have a significant influence on most home buyers' choices. So those areas typically appreciate, or carry their value, best.

Recent home sales - How long do homes typically stay up for sale before closing? Are sellers having to discount much? Some information can be obtained from public records, but a good agent with a login to the local MLS will usually be able to provide a more complete picture.

The appreciation history - Is the community thought to be desirable because of its location or affordability? Have house prices increased or decreased over the past 5 to 10 years?

The local economy - Are local businesses hiring? Have companies moved into or away from an area? Is there a fair blend of job types in an area, or does it depend on just one industry? Is the blend of commercial and residential development changing? All these play a part.

It's vital to learn about the factors that affect your home's price. Visit this link for an evaluation of your property's value. Call me at (603)397-1218 or e-mail me if you have any questions at all. I'd love to hear from you.