Understanding property appreciation in Saint Helena Island

Real estate prices are continually changing. Over a long enough period of time, home values normally go up. But there are no guarantees in real estate, of course.

When your house appreciates you have a more valuable asset to borrow against, and you get a greater profit when you sell. But how do you know what you're purchasing right now will appreciate over time? Property values in Saint Helena Island change for a variety of reasons. Choosing a real estate agent in Saint Helena Island who can identify the factors that influence local prices is the most important thing.

   


Many guess that the economy is the number one factor impacting real estate appreciation. Naturally, there are a handful of issues on a national level that affect your house's value: unemployment, interest rates, business growth, and more. However, your home's value and the features that play the most significant role in its appreciation are particular to the local Saint Helena Island economy and housing market.

Let ERA Evergreen Real Estate Company help you with your first home purchase in Saint Helena Island Location in a community - Being close to schools, employment and amenities like shopping, restaurants and entertainment is a priority to many families and will greatly influence home values. So when it comes to keeping their value, these areas typically appreciate better than others.

Recent sales - Your REALTOR® should give you facts and figures on the recent real estate sales in the districts that you'd like to live in. You'll want to know average time on market, selling versus listing price and more.

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

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

It's worthwhile to learn about the factors that influence your property's value. Visit this link for an assessment of your home's value. And if you have any questions, call me at 8438129795 or e-mail me .

ERA Evergreen Real Estate Company 121 Dataw Drive Saint Helena Island, SC 29920
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