When you’re buying or selling in the near future, taking a home’s value into consideration is important. As a seller, having a higher value means you can get more money for your home. If you’re buying, knowing that home values are expected to rise means you’re making a good investment.
The home value projections for the next few years show that they should be on the rise. The highest projections are calling for an annual increase of around 5.6 percent and an overall increase of 10.6 percent more than 2007’s peaks by 2018. In general, home values are expected to be higher than their peak in April 2007 before the housing market crisis occurred. They might even go higher than $200,000 by late 2018. Experts are also predicting a 4.5 percent home value appreciation for the US market in 2014.
What does all this mean for you? If you’re selling, you don’t have to worry about losing money on your home or not getting as much for it as you’d like. With home values on the rise, you should have no trouble getting more money for your house. When it comes to buying, you’re pretty much guaranteed to make a sound investment. Even if home values stop rising or start falling back a bit, there are other ways for you to boost your home’s value down the road before you eventually sell it.
No comments:
Post a Comment