Over time, the value of a house will fluctuate up and down.
Usually, house values appreciate in the long term.
But, of course, in real estate there is always a certain amount of risk.
When your home appreciates you have a larger asset to borrow against, and you'll make a bigger profit when you sell.
But how can you be sure what you're buying this year will appreciate over time? Property values in Rolling Hills Estates fluctuate for different reasons.
The most important aspect is that you pick an agent in Rolling Hills Estates who knows the factors that drive local prices.
A lot of people believe that the economy is the greatest factor affecting real estate appreciation.
there are numerous issues on a national level that change your house's value: unemployment, mortgage rates, the stock market, and more.
But the most significant factors that determine your house's value are specific to the local Rolling Hills Estates economy and housing market.
Access to services - Proximity to schools and jobs also have a significant impact on many home buyers' decisions.
So these regions generally appreciate, or retain their value, best.
Recent sales - Your real estate agent should give you data on the recent real estate sales in the regions that you'd like to live in. You'll want to know average time on market, selling versus listing price and more.
The appreciation history - Is the area thought of as desirable because of its location or affordability? Have property prices risen or declined over the past 5-10 years?
Local economy - Is there a fair 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.