Philip Rich
Leslie Kay

Appreciating property values in Omaha

When your house appreciates you have more equity to borrow against, and you'll generate a greater profit when you sell. Property values in Omaha move up and down for numerous reasons, so how do you know what you're buying right now won't depreciate the day after you close? Choosing an agent in Omaha who can identify the factors that influence local prices is the most important factor to consider.

A lot of people believe that the economy is the major factor affecting real estate appreciation. Naturally, mortgage rates, employment, business growth, government programs and several other national factors have a definite effect on your home's worth. However, your home's value and the aspects that play the most significant role in its appreciation are particular to the local Omaha economy and housing market.

Access to services - Many of us decide to live in areas with the best and most convenient elements for families to shine, such as a close proximity to schools, jobs, and work. So those communities generally appreciate, or hold their value, best.

Recent home sales - You should receive statistics on the recent real estate sales in the neighborhoods that you're asking about from your real estate agent. You'll want to know figures like how long a house stays on the market and listing price versus selling price.

History of appreciation - In the past 5 to 10 years, have property prices increased or decreased? Does location or affordability affect how desirable the community is believed to be?

Economic factors - Have companies moved into or away from an area? Are local companies hiring? Is there a fair combination of jobs in an area, or does it count on just one industry? Each of these factors plays a part.