Home Appreciation - Lauren Stratton Realty

Home Appreciation

Need help understanding how Wake County and surrounding area homes appreciate? Home values are continually changing. Almost always, house values appreciate in the long term. But there is always a certain amount of risk in real estate.

When your home appreciates you have a greater asset to borrow against, and you’ll produce a higher profit when you sell. There are various reasons why property values in Wake County and surrounding areas go up and down. So, how do you know what you’re investing in presently will appreciate over time? The most important element to consider is that you select an agent who can identify the factors that affect local prices.

 

What is my home worth?



The economy is believed to be the number one factor affecting real estate appreciation. Obviously, there are a lot of issues on a national level that affects your house’s value: unemployment, mortgage rates, inflation, and more. But the most significant issues that decide your home’s value are specific to the local triangle area economy and housing market.

Location in a community – Many of us wish to live in areas with the most useful amenities for families to thrive, such as a close proximity to schools and work. So these regions usually appreciate, or carry their value consistently, year to year.

Prior home sales – How quickly are houses selling? Are sellers having to discount much? Some information can often be retrieved from public records, but a good agent with access to the local MLS will often be able to provide a more complete picture.

Appreciation history – Have house prices risen or declined over the past 5 to 10 years? Is the area thought to be desirable because of its location or affordability?

Local economy – Is there a fair mixture of work in an area, or does it rely on just one industry? Have businesses moved into or away from an area? Are local businesses hiring? All these play a role.

Client Testimonials

Lauren was very attentive and seemed to handle everything with ease throughout the whole process. She went above and beyond several times for us, which we really appreciated. We're now enjoying our new home!

The Whitlocks

Lauren made the process entirely too easy. It was seamless. I would highly recommend her to anybody that I know that's even considering looking for a home because she catered to every single need that I had, and she is a sweetheart. Thank you, Lauren!

Jacob Monk

Lauren is an amazing REALTOR® and will be our go-to real estate professional if we need one again. All my family and friends will be sent to her! She was very detailed and knew a lot about the property and the surrounding area. Could not ask for a better agent! 

Douglas Kemp

Lauren was an excellent REALTOR® - we couldn't have made our purchase without her, and forever grateful for her help in finding our "forever home"!

Diane Kennedy

Let's Connect

We're social! Connect with Lauren Stratton Realty on all the popular social media channels.

Newsletter Sign Up

Sign up to receive periodic updates from Lauren Stratton Realty including local Triangle event info, real estate tips, and fun contests and giveaways!

Please enter a valid email address.
Something went wrong. Please check your entries and try again.
Scroll to Top