5 Home Appreciation Drivers
Realtor.com did some research, analyzed millions of listings over the past five years and here’s what they found regarding some factors that drive home value appreciation. You are invited to translate some of these national trends to the Garden State.
A home generally appreciates in value between 3 and 4 percent each year, but not every home appreciates equally. While every market is different—and appreciation is naturally affected by factors homeowners can’t control—there are certain home features that create greater appreciation than others.
Appreciation Factors:
Curious about your home’s value?
Please click below for the market update of interest to you:
Cranford
Mountainside
Summit
Westfield by Grade School:
McKinley
Washington
Wilson
Scott Gleason scott@luxuryhomesnj.com
Scott Gleason, CRS at Coldwell Banker Realty – East, NJ Luxury Homes