Regardless of the type of market we are experiencing, most buyers are interested in knowing how they can choose a home that will appreciate in value.
Austin, TX (PRWEB) November 30, 2011
Real estate search website, Homes.org, recently polled real estate professionals actively working in markets around the country, to gauge what has the most affect on home appreciation today. The questions posed generated significant interest among industry insiders whose clients have expressed concern over whether or not real estate is a sound investment given the instability over the last several years.
"Regardless of the type of market we are experiencing, most buyers are interested in knowing how they can choose a home that will appreciate in value. Although there is no specific formula which enables us to make such a determination, as much relies on the actual Real Estate Market we are experiencing, educated decisions can be made to at the very least provide a good sense of future appreciation," explains Jennifer Daywalt, Top Realtor since 2004 at RE/MAX Results Realty in Collegeville, PA.
Top Factors that are Affecting Home Appreciation in the U.S. Today
The points below were determined to have the most impact on a properties potential for appreciation.
- Growth and Investment in the Area
- School Systems
- Neighborhood Statistics
- Condition/Easy Cosmetic Improvements to Make
- Comparison to Surrounding Homes
- History of the Area
- Floor Plan
- Foreclosures in the Area
The research found that some factors affecting appreciation, such as foreclosure rate of a neighborhood, are a direct result of the recession while others, like location, have traditionally affected home values. Yet other factors, such as the floor plans or layouts, are a result of trends that have steadily become more popular with home buyers and will likely be more desirable when it comes time to resell.
The majority of the factors identified are things that are difficult to impossible to change about a home once it's purchased as well as neighborhood-specific, rather than property-specific factors. Real estate professionals across the board stress that understanding these factors that affect appreciation and applying that understanding during the home search process will improve a buyer's odds of choosing a home with the best possible appreciation potential.
To view more information on the top factors that affect home appreciation today or for more information about Homes.org, please visit: http://www.Homes.org
Homes.org is a fast growing real estate search portal that offers users much more than MLS listings. Homes.org gives users access to a rich collection of resources, including but not limited to, real estate listings, home owner finance tools and home service tools. Homes.org brings buyers, sellers and renters important information about the current markets and intelligent tools by partnering with real estate professionals from around the country. Homes.org is a subsidiary of Star Nine Ventures, Inc. headquartered in Austin, TX.
About Star Nine Ventures®
Star Nine Ventures® is an Austin-based, marketing-driven venture creation company targeting a wide range of national business-to-consumer online marketplaces. Star Nine's core mission is to build businesses that provide exemplary consumer experiences and unparalleled customer service.