Property values are forever in flux.
By and large, home values appreciate in the long term.
But, of course, there are no "sure things" in real estate.
When your house appreciates you have a bigger asset to borrow against, and you make a larger profit when you sell.
Property values in Dublin change for many different reasons, so how do you know what you're investing in right now won't depreciate the day after you close?
It's imperative that you choose an agent in Dublin who knows the factors that drive local prices.
What is the number one factor impacting real estate appreciation? Many think that it's the economy.
Obviously,
mortgage rates, unemployment, job growth, government programs and several other national determinants have a measurable influence on your house's worth.
However, your house's value and the features that play the biggest role in its appreciation are particular to the local Dublin economy and housing market.
Location in a community - Convenient access to schools, jobs and amenities like shopping, restaurants and entertainment is a big deal to a lot of us and will greatly influence home values.
So those communities consistently appreciate, or hold their value consistently, year to year.
The latest home sales - What's the time on market? What was the selling price versus the listing price? A lot of data can be retrieved from public records, but a good agent with a login to the local MLS will usually provide a more complete picture.
History of appreciation - In the last 5 to 10 years, have property prices risen or declined? Does location or affordability affect how desirable the area is considered?
Economic factors - Have businesses moved into or away from an area? Are local businesses hiring? Is there a fair mixture of job types in an area, or does it rely on just one industry?
All these play a part.