Knowing Your Properties Value

Dated: 07/21/2015

Views: 617

Know your home’s value before buying or selling

A home is the biggest investment most people will ever make in their lifetime, yet most of us know surprisingly little about our largest asset, according to the National Housing Index. Twenty-five percent of Americans think there was no growth in home values last year, when in fact, home values grew 4 percent nationally and by double digits in more than 65 metros across the country.

The divide between what homeowners thought happened to home values and what actually occurred was especially notable in Florida this past year. In 2014, home values in South Florida increased by 12 percent — or nearly $23,000 per home — yet more than a fifth (22 percent) of South Floridians didn’t think values changed at all. In Tampa, home values were up 9 percent over last year — giving homeowners an extra $12,300 in value — but 45 percent of Tampa residents still think home values remained flat or fell.

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