Understanding Flushing property appreciation

Property values are forever in flux. Over a long enough period of time, home values normally go up. But, in real estate there are no guarantees.

When your home appreciates you have a larger asset to borrow against, and you'll realize a better profit when you sell. Property values in Flushing go up and down for many different reasons, so how do you know what you're buying this year won't depreciate the day after you close? The most important factor to consider is that you choose a REALTOR^® in Flushing who is familiar with the factors that affect local prices.

Find My Home's Value

Many assume that the economy is the most influential factor affecting real estate appreciation. It goes without saying that there are several issues on a national level that alter your home's value: unemployment, mortgage rates, business growth, and more. But the most influential things that decide your house's value are specific to the local Flushing economy and housing market.

Let K Land Realty Inc. help you with your first home purchase in Flushing

Let K Land Realty Inc. help you with your first home purchase in Flushing

Access to services - Many of us want to live in areas with the most conducive factors for homes to grow, like a close proximity to schools and work. So when it comes to keeping their value, these areas often appreciate much more reliably than areas lacking key features.

Recent home sales - You should receive stats on the recent real estate sales in the districts that you'd like to live in from your real estate agent. You'll need to analyze things like time on market and listing price as opposed to selling price.

The appreciation history - Is the area thought to be desirable because of its location or affordability? Have home prices risen or declined over the last 5 to 10 years?

Local economy - Is there a fair blend of work in an area, or does it rely upon just one industry? Have companies moved into or away from an area? Are local businesses hiring? These items play a part.


	Learning the factors that influence your house's financial worth is important. Click here to get an assessment of your house's value. Have any questions? Please feel free to call me at 347-751-5288 or e-mail me.