WHAT FACTORS AFFECT VALUE OF HOME PRICES

Many factors affect value of home prices, location can be the first one and a significant factor that impact cost and resale value. Desirable neighborhoods, proximity to amenities like schools, parks, shopping centers and transportation options can increase the value of a home. The size and layout of any home to include number of bedrooms, bathrooms and overall square footage can affect value as well. Larger homes and functional layouts tend to attract more buyers and command higher prices. Condition is another of any home and plays a crucial part in determining its value. Click link to understand more about home price appreciation and depreciation /HOME-PRICE-APPRECIATION-AND-DEPRECIATION---32819---32836---Dr-Phillips-6-23079.html

Well maintained homes with updated features and modern amenities generally have higher resale values compared to homes that require significant repairs or renovations. 

UPGRADES

Upgrades are very important in adding value to your home. With desirable upgrades and amenities such as upgraded kitchens, bathrooms, energy efficient features and smart home technology, this can have a positive impact on both the cost and resale value. This ties into market conditions, it is recommended that you do not over improve. Over improving may or may not help depending on market conditions and how long you plan to be in the property. The overall state of the real estate market, including supply and demand dynamics, interest rates and economic factors can influence the cost and resale value of home. 

In a sellers market with high demand and limited inventory, home prices tend to be higher while in a buyer market, prices may be more negotiable. It's important to note these factors can vary depending on demographic and local market conditions. It's highly recommended to consult an trusted advisor and licensed appraiser to provide more detailed and specific information concerning factors that will affect value of home prices and resale value. 

TRUSTED ADVISOR

As a trusted advisor, professional realtor and retired military veteran I am here to serve you and the Dr. Phillips and Central Florida area, whether you are purchasing or for the sale of your home. In the absence of trustworthy information whether it's a housing crisis or local housing market, real estate decisions are increasingly being driven by fear, doubt and uncertainty. We as trusted advisors drive the real estate community to ensure you make the right decision.

Part of my job is to keep you informed and educated about the local housing market trends, to include common terms and videos. It is important to keep up to date on the housing market trends, don't get confused with the media, they talk national level, I can provide the most up to date local area data.

So don't let this shifting housing market delay your dreams, data reveals home values typically appreciate over time and that gives your net wort a nice boost. When you are looking for a home, look for your realtor with the heart of a teacher. If you are ready to start your journey, contact me today at 850 496-6412 to begin a new walk to homeownership and all your real estate needs.