Real estate values are forever in flux.
House values appreciate in the long term typically.
But, of course, there are no "sure things" in real estate.
When your house appreciates you have a greater asset to borrow against, and you'll generate a bigger profit when you sell.
But how will you be sure what you're investing in now will appreciate over time? Property values in Fort Myers move up and down for different reasons.
It's important that you go with an agent in Fort Myers who can identify the factors that drive local prices.
The economy is thought to be the major factor impacting real estate appreciation.
After all,
interest rates, employment, business growth, government programs and quite a few other national factors have a noticeable impact on your property's value.
However, your property's value and the factors that play the most significant role in its appreciation are particular to the local Fort Myers economy and housing market.
Location in a community - Many of us prefer to live in regions with the best and most convenient characteristics for families to thrive, like a close proximity to jobs and schools.
So those regions consistently appreciate, or keep their value, best.
Recent home sales - How long are homes on the market? What was the selling price versus the listing price? A lot of data can be retrieved from public records, but a good agent with a login to the local MLS will usually be able to provide a more complete picture.
The appreciation history - Is the community thought of as desirable because of its location or affordability? Have house prices gone up or down over the last 5-10 years?
Local economy - Is there a good combination of business in an area, or does it count on just one industry? Have companies moved into or away from an area? Are local businesses hiring?
All these play a role.