Over time, the value of a house will fluctuate up and down.
Normally, house values appreciate in the long term.
But, of course, there is always a certain amount of risk in real estate.
When your property appreciates you have more equity to borrow against, and you get a bigger profit when you sell.
Property values in Dublin shift for a variety of reasons, so how do you know what you're buying today won't depreciate the day after you close?
Choosing an agent in Dublin who knows the factors that affect local prices is the most important thing.
The economy is thought to be the major factor impacting real estate appreciation.
Clearly,
there are some issues on a national level that adjust your home's value: unemployment, mortgage rates, consumer confidence, and more.
However, your house's value and the elements that play the biggest role in its appreciation are particular to the local Dublin economy and housing market.
Access to services - Many consumers prefer to live in areas with the most convenient features for households to do well, like a close proximity to jobs and schools.
So these communities generally appreciate, or carry their value, best.
Recent home sales - You should receive reports on the recent real estate sales in the neighborhoods that you're interested in from your REALTOR®. You'll need to analyze data like how long a house stays on the market and seller discounts.
History of appreciation - In the last 5-10 years, have house prices gone up or down? Does location or affordability affect how desirable the community is thought of as?
The local economy - Are local companies hiring? Have businesses moved into or away from an area? Is there a fair combination of job types in an area, or does it count on just one industry? Is the mix of commercial and residential zoning changing?
These items play a part.