Over time, the value of a house will fluctuate up and down.
Over a long enough period of time, home values usually go up.
But, in real estate there are no "sure things".
When your property appreciates you have a more valuable asset to borrow against, and you make a larger profit when you sell.
Property values in Gilbert waver for different reasons, so how do you know what you're investing in presently won't depreciate the day after you close?
It's imperative that you go with a real estate agent in Gilbert who understands the factors that influence local prices.
A lot of people believe that the economy is the most crucial factor affecting real estate appreciation.
interest rates, employment, job growth, government programs and some other national determinants have a definite impact on your house's value.
However, your property's value and the elements that play the biggest role in its appreciation are specific to the local Gilbert economy and housing market.
Location in a community - Proximity to schools, jobs, and amenities also have a huge influence on all home buyers' decisions.
So those regions generally appreciate, or carry their value, best.
The latest home sales - You should receive data on the recent real estate sales in the districts that you're asking about from your REALTOR®. You'll want to know data like how long a house stays on the market and seller discounts.
Appreciation history - Have house prices increased or decreased over the past 5-10 years? Is the area thought of as desirable because of its location or affordability?
Economic factors - Have companies moved into or away from an area? Are local businesses hiring? Is there a nice blend of work in an area, or does it depend on just one industry?
All these play a part.