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This Is How Your Charlotte Home Appreciates Over The Years

February 5th, 2021

Wondering how much your home is going to appraise for over the next few years?

Buying a home can be exciting. Trying to find the perfect house one that fits the budget and all of the criteria buyers tend to have for their living situation.

But selling a home? It can be a little complicated to know when to sell, how to sell, and how much is reasonable to expect to get for the home.

Well, the rate of appreciation varies MASSIVELY by city, suburb, and even neighborhood... but the average in the U.S. is around 3.8% per year.

This means that we might expect a Charlotte home that's currently worth $200,000 to be worth $207,600 at this same time next year. Three years from now that house might be worth about $223,677.

That's the magic of real estate appreciation.

If you've owned your home for a long time, though, then maybe it's appreciated enough and it's a good time to sell. After all, there is a point where a home's age starts to negate its appreciation value if you're making a lot of repairs or updates to your home, then it's likely that the appreciation rate of your property is waning.

Still, you'll have to consider your market and your neighborhood to get a better idea of how much your home in Charlotte is going to appreciate over the next 5-10 years.

(And to be clear, there's no guarantee of appreciation... especially if the market takes a turn.)

Hopefully, this info helps you make the best possible decision with your Charlotte home!

If you do want to sell, though, then give us a call at (704) 461-0576 or simply fill in the quick form below. We've been helping home sellers for a long time in Charlotte and we can make you a fair cash offer and close in as little as two weeks. We'll even pay all closing costs!

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Finding a place you can call home can be a very lengthy and tiring process. For me, this was an important milestone in my life and I needed someone who not only understood my goal but also has the knowledge, experience and patience to help me reach this goal. Bright was very involved in the entire process; scheduling property visits, working with the financial institution, lawyer’s office, property inspectors, all the way to negotiating the property price down, etc. Having Bright on my side as a buyer made the process smooth and enjoyable for me, and I’d strongly recommend him to anyone looking to buy or sell a property. Abdul Baba
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