Evaluating a neighborhood before buying a home

Chanhassen, MN. Kitchen Remodeling.

Two factors which will have an impact on real estate prices. They are, access to jobs and access to amenities. An area with a lot of employment opportunity nearby, has a very low risk factor in terms of fall in the price. Also, they are going to be the places that are convenient to get high-paying jobs.

“Buying a home that declines sharply in property value can put you underwater on your mortgage, erode your net worth and leave you unable to relocate for a new job or adapt to a change in household income.”

Read the full article: How a neighborhood holds property value

 

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