Q: I would like to know if my home has appreciated in the 10 years since it was purchased. What factors may affect its value?

A: Many people are wondering about the value of their homes. There are many factors that can influence value, including;

  • Neighborhood - if the homes in your neighborhood are well-maintained, it can help your home hold its value or appreciate consistently through time. Even such intangibles as friendly neighbors or low noise levels can affect property values.
  • Community - good schools can have a positive impact on property values, along with responsive city services, low crime rates and thriving businesses. Having such amenities as a library, parks and walking trails nearby also help property values.
  • Roads and transportation -  if the roads are maintained properly and offer convenient access to the businesses, shopping and attractions, your property value will tend to be higher.

Call me for a comparative analysis to give you a reasonable idea of your home's value in today's market. I can also provide selling prices of similar homes in your area.