Property prices are constantly moving up and down.
Almost always, home values appreciate in the long term.
But there are no "sure things" in real estate, of course.
When your property appreciates you have a greater asset to borrow against, and you'll realize a higher profit when you sell.
Property values in Fort Myers rise and fall for a variety of reasons, so how will you be sure what you're purchasing presently won't depreciate the day after you close?
The most important aspect to consider is that you select a real estate agent in Fort Myers who understands the factors that drive local prices.
The economy is believed to be the biggest factor affecting real estate appreciation.
Naturally,
interest rates, employment, business growth, government programs and quite a few other national factors have a noticeable effect on your house's value.
However, your property's value and the aspects that play the most significant role in its appreciation depend on the local Fort Myers economy and housing market.
Location in a community - Proximity to schools, jobs, and amenities also have a huge effect on many home buyers' decisions.
So when it comes to retaining their value, these regions usually appreciate much more reliably than areas lacking key features.
The latest home sales - You should receive information on the recent real estate sales in the regions that you're interested in from your agent. You'll need to learn things like time on market and listing price as opposed to selling price.
Appreciation history - Have house prices gone up or down over the past 5 to 10 years? Is the neighborhood thought to be desirable because of its location or affordability?
Local economy - Is there a nice combination of job types in an area, or does it rely upon just one industry? Have businesses moved into or away from an area? Are local businesses hiring?
Each of these factors plays a role.