Over time, the value of a home will fluctuate up and down.
Property values appreciate in the long term typically.
But, of course, in real estate there is always a certain amount of risk.
When your home appreciates you have a larger asset to borrow against, and you'll make a greater profit when you sell.
But how will you be sure what you're investing in this year will appreciate over time? Property values in Flowery Branch shift for a variety of reasons.
It's imperative that you select a real estate agent in Flowery Branch who can identify the factors that affect local prices.
Many think that the economy is the biggest factor impacting real estate appreciation.
It goes without saying that
there are quite a few factors on a national level that affect your home's value: unemployment, interest rates, quarterly earnings reports, and more.
However, your home's value and the factors that play the most significant role in its appreciation are particular to the local Flowery Branch economy and housing market.
Access to services - Proximity to jobs and schools also have a huge effect on most home buyers' decisions.
So when it comes to keeping their value, these regions consistently appreciate much more reliably than areas lacking key features.
Prior home sales - How quickly are houses selling? Are sellers having to discount much? A lot of data can be retrieved from public records, but a good agent with a login to the local MLS will often provide a more complete picture.
The appreciation history - Is the area thought to be desirable because of its location or affordability? Have property prices increased or decreased over the past 5-10 years?
Local economy - Is there a fair mixture of jobs in an area, or does it rely on just one industry? Have businesses moved into or away from an area? Are local companies hiring?
These items play a role.