Mark Cooper-Real Estate Appreciation in Colorado - 303-843-1545

Understanding property appreciation in Colorado

Over time, the value of a house will go up and down. Home values appreciate in the long term for the most part. But, in real estate there is always a certain amount of risk.

When your home appreciates you have a bigger asset to borrow against, and you'll make a greater profit when you sell. Property values in Colorado fluctuate for a variety of reasons, so how will you be sure what you're investing in right now won't depreciate the day after you close? The most important factor to consider is that you choose a REALTOR® in Colorado who recognizes the factors that drive local prices.

   


The economy is thought to be the most important factor affecting real estate appreciation. Clearly, interest rates, employment, job growth, government programs and a lot of other national determinants have a definite adjust your home's worth. But the most influential things that decide your home's value are particular to the local Colorado economy and housing market.

Let Coldwell Banker Residential Brokerage help you with your first home purchase in Colorado Location in a community - Many home buyers choose to live in regions with the most useful characteristics for homes to succeed, like a close proximity to schools, jobs, and work. So when it comes to holding their value, these communities typically appreciate better than others.

Recent sales - Your real estate agent should provide you with facts and figures on the recent home sales in the districts that you're asking about. You'll want to know average time on market, selling versus listing price and more.

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

Local economy - Is there a nice mix of business in an area, or does it rely upon just one industry? Have businesses moved into or away from an area? Are local businesses hiring? Each of these items plays a role.

It's vital to learn about the factors that affect your property's price. Click here to get an assessment of your property's value. And if you have any questions, call me at 303-843-1545 or e-mail me .

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