It is no secret that owning a home builds your financial wealth when purchased at the right time. Our New Port Richey real estate market is Hot right now with affordable homes and Florida is seeing a 7% increase in value annually over years past. This means that over the next 5 years your home could increase in value substantially which will yield you higher net proceeds when you sell. Keep in mind I don’t have a crystal ball and this rate of increase may change but it is safe to say that if you buy a home in Florida in the next few years, you will not lose money on your investment. Let me give you a little snap shot of Port Richey Florida over the last 2 years. The average 2 bedroom 2 bath home in Port Richey was selling for $50,000-$60,000 during the first quarter of 2016 we are seeing these same homes selling for $75,000-$85,000 and higher depending on additional size and features. Receiving a $10,000 increase in your homes value per year is very good for those who bought during that time. Now is a great time to contact me to receive a list of New Port Richey homes for sale and see just how affordable the New Port Richey Lifestyle can be.
Homes in other areas like New Port Richey and Trinity Florida where larger homes are prevalent, you will see the same rate of increase over these years which correspond with the 7% increase in value. A 3 bedroom pool home in certain areas of Trinity Florida which sold in 2013 for $120,000 would likely sell today for $150,000 or more depending on the homes features and upgrades. You can safely invest in Florida real estate and be confident that you will not lose money on your future re-sale like some people did during the housing “Bubble” of the early 2000’s.
My team and I are here to answer any questions you have about real estate or planning a relocation to Florida. Let my experience and knowledge work for you.
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