Welcome to the SarasotaLiving.com Blog

2019-08-21 16:34:24
5 factors that can help predict neighborhood values

Sarasota Real Estate

How do you predict the value of a neighborhood? While no one can say for sure how home values in your Sarasota neighborhood will rise or decline over time, there are big-picture economic factors that you can look for to help get a handle on where they may be going.

1. Major regional employers. If a community depends upon one or two large companies for a high percentage of local employment, you can bet that as the company fares, so will the neighborhoods. While   “company towns” are hardly the norm these days, don’t overlook the possibility.


2. The number of properties currently for sale. Sometimes there’s nothing wrong with a neighborhood just because the inventory (i.e. the number of homes on the market) is high. Other times, something may be amiss. If you’re seeing street-after-street of “FOR SALE” signs, ask questions.


3. Major construction. Is that a new school they’re building, or is it a supermax prison? Did they clear that land for a new shopping center, or is it a new loop for the interstate? Certain types of construction can improve home values while others can hurt. Getting in touch with the local planning commission as well as the local newspaper’s business section (or website) can help illuminate what’s behind those bulldozers and cement mixers.


4. Rental density. People who own the homes they live intend to take better care of them. Also, it’s preferable to have long-term neighbors versus high-turnover tenants. Absentee landlords or seasonally rented properties can also be a drag on a neighborhood. Get a feel for the rental density and the direction it’s heading. Rental density matters.


5. Environmental conditions. One industrial accident that poisons a water supply is enough to annihilate home values. How susceptible is the region to extreme weather? Don’t rule out environmental liabilities or benefits.


Nobody’s crystal ball is perfect, but to ignore major macroeconomic factors is dangerous. Even if you’re only planning on staying in a location for 5 - 7 years, do yourself a favor and try to position yourself to make, not lose money, on your home with these tips in mind. 


Have questions about a neighborhood in Sarasota? I’m happy to help. Get in touch today: Robert Paul, PA - Broker-Associate 941-312-1108 Rob@SarasotaLiving.com #SarasotaRealEstate #SarasotaLiving #RobertPaulPA #HelpingYouWriteTheNextChapterOfYourStory

Blog Archive
2019-09-23 04:01:52
How to Make Your Home Baby-Friendly

2019-09-18 10:29:54
Donʼt let your online life sabotage your real one!

2019-09-18 10:28:00
2 Things to Consider Before Buying a Townhome

2019-09-06 16:17:56
3 Things Buyers Forget to Check During a Home Search

2019-09-06 09:59:56
Before Disaster Strikes

2019-09-04 10:42:42
Cutting Back? Options for Your Timeshare

2019-08-26 03:41:52
How Downsizing Frees Up Your Cash

2019-08-21 16:34:24
5 factors that can help predict neighborhood values

2019-08-21 16:33:14
3 Reasons Your Real Estate Agent WANTS You To Bother Them

2019-03-06 05:20:09
7 Signs a Bedroom Has Gone Bad

2019-03-06 04:57:13
Black Stainless Steel: Is It The Next Big Thing?

2019-03-06 04:52:12
Don't Be Afraid Of The Seller's Disclosure

Comment on this Article

Your Name:
Your Email:
Verify:  Please enter the numbers shown to help eliminate spam.