Property values are forever in flux.
Over a long enough period of time, property values usually appreciate.
But, of course, in real estate there are no "sure things".
When your home appreciates you have a larger asset to borrow against, and you'll see a greater profit when you sell.
But how will you know what you're investing in today will appreciate over time? Property values in Naples go up and down for different reasons.
The most important factor to consider is that you pick a REALTOR® in Naples who can identify the factors that influence local prices.
A lot of people guess that the economy is the greatest factor affecting real estate appreciation.
interest rates, unemployment, business growth, government programs and a lot of other national factors have a noticeable impact on your home's value.
But the most influential factors that determine your home's value are specific to the local Naples economy and residential market.
Access to services - Many consumers prefer to live in areas with the most convenient characteristics for families to do well, such as a close proximity to schools, jobs, and work.
So these communities usually appreciate, or carry their value, best.
The latest home sales - You should receive reports on the recent real estate sales in the areas that you're asking about from your agent. You'll want to analyze figures like time on market and seller discounts.
Appreciation history - Have property prices risen or declined over the past 5-10 years? Is the neighborhood believed to be desirable because of its location or affordability?
The local economy - Are local companies hiring? Have businesses moved into or away from an area? Is there a fair mix of jobs in an area, or does it depend on just one industry? Is the mix of commercial and residential zoning changing?
Each of these factors plays a part.