Property Value Appreciation in Annapolis

Annapolis home prices: Need some help understanding why they appreciate?

Over time, the value of a property will fluctuate up and down. Property values appreciate in the long term usually. But, in real estate there are no "sure things".

When your property appreciates you have a greater asset to borrow against, and you'll see a bigger profit when you sell. There are various reasons why property values in Annapolis go up and down. So, how will you know what you're investing in right now will appreciate over time? It's important that you pick a real estate agent in Annapolis who understands the factors that drive local prices.

Find My Home's Value

The economy is thought to be the biggest factor impacting real estate appreciation. It goes without saying that interest rates, employment, business growth, government programs and numerous other national factors have a measurable impact on your house's value. However, your home's value and the factors that play the most significant role in its appreciation are specific to the local Annapolis economy and housing market.

Let Berkshire Hathaway Home Services PenFed Realty help you with your first home purchase in Annapolis Location in a community - Proximity to schools and work also have a significant effect on most home buyers' decisions. So when it comes to keeping their value, these regions often appreciate the best.

The latest home sales - You should receive figures on the recent real estate sales in the regions that you're interested in from your REALTOR^®. You'll want to know things like time on market and seller discounts.

History of appreciation - In the past 5 to 10 years, have property prices gone up or down? Does location or affordability affect how desirable the community is believed to be?

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

It's wise to be informed about the factors that play into your home's worth. Click here to get an assessment of your property's value. And if you have any questions, call me at 410-647-8000 ext. 817 or e-mail me .

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Are you looking to sell your house? Let us help you. Just fill out as much of the information below that you want and we'll get right back to you, with no obligation to you. We guarantee your privacy.

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