Over time, the value of a house will go up and down.
Over a long enough period of time, house values normally go up.
But there are no guarantees in real estate.
When your house appreciates you have a more valuable asset to borrow against, and you'll see a better profit when you sell.
Property values in Arcadia vary for various reasons, so how will you be sure what you're purchasing this year won't depreciate the day after you close?
Choosing an agent in Arcadia who knows the factors that drive local prices is the most important factor to consider.
Many assume that the economy is the most critical factor affecting real estate appreciation.
there are numerous factors on a national level that impact your home's value: unemployment, interest rates, quarterly earnings reports, and more.
However, your house's value and the elements that play the biggest role in its appreciation are specific to the local Arcadia economy and housing market.
Access to services - Being close to schools, jobs and amenities like shopping, restaurants and entertainment is a priority to many buyers and will greatly influence home values.
So these communities often appreciate, or keep their value, best.
The latest home sales - You should receive information on the recent real estate sales in the regions that you'd like to live in from your REALTOR®. You'll want to learn things like how long a house stays on the market and asking price as opposed to selling price.
The appreciation history - Is the neighborhood considered desirable because of its location or affordability? Have home prices risen or declined over the past 5 to 10 years?
Local economy - Is there a good mixture of work in an area, or does it count on just one industry? Have businesses moved into or away from an area? Are local businesses hiring?
All these play a role.