Real estate values are constantly moving up and down.
Over a long enough period of time, house values , for the most part, go up.
But, in real estate there are no guarantees.
When your home appreciates you have more resources to borrow against, and you'll produce a larger profit when you sell.
Property values in DuBois shift for many different reasons, so how do you know what you're purchasing now won't depreciate the day after you close?
The most important aspect to consider is that you pick a REALTOR® in DuBois who can identify the factors that drive local prices.
A lot of people believe that the economy is the most influential factor impacting real estate appreciation.
mortgage rates, unemployment, job growth, government programs and numerous other national determinants have a measurable impact on your house's worth.
But the most influential issues that figure your house's value depend on the local DuBois economy and housing market.
Access to services - Proximity to schools and jobs also have a great effect on many home buyers' decisions.
So these areas often appreciate, or keep their value, best.
Recent sales - Your agent should provide you with facts and figures on the recent home sales in the regions 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 thought of as desirable because of its location or affordability? Have home prices gone up or down over the past 5-10 years?
The local economy - Are local companies hiring? Have businesses moved into or away from an area? Is there a nice combination of jobs in an area, or does it rely upon just one industry? Is the blend of commercial and residential zoning changing?
These items play a part.