Friday, 23 June 2017

House Hunt for the Future

Written by Posted On Saturday, 12 March 2016 17:03

I work in a city that's seeing unprecedented growth. The local Chamber of Commerce estimates that 80 people move in a day! And when a city or area is experiencing that much growth-- or, conversely, if its population is beginning to dwindle as young people move away, a common phenomenon in more rural areas-- you should always buy with the future in mind. Future values, that is.

A home is your biggest investment, and ideally equity rises should be greater than your expected interest per year in order for your investment to yield a profit. Whenever you begin scouting neighborhoods for homes, first take a look at the zip code. You can cross-reference this with news outlets, and check to see what buildings or businesses are planned for the area. A large flux of corporate businesses and office parks can be bad for residential home values, and your home might eventually get re-zoned. Alternatively, restaurants, entertainment, cafes, and nightlife generally bring an increase to property values. And if new places are coming which suit your lifestyle, like new condo buildings, that can be a perk! 

Try to anticipate what the future will do to your values. No one can pitch it right all the time, but enough investigation can absolutely give you a better idea where things might be going than no research at all. You can also look at historical pricing trends, the average age of homes for sale in an area (lots of new homes are often a good sign) and traffic congestion patterns. 

Looking for a home in middle TN? Check out these great areas!

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Mary

Mary O’Neil is a native Nashvillan and familiar with this city and all its back roads too. She has represented sellers and buyers in middle Tennessee focusing but not limited to Green Hills, 12th South, Sylvan Park, East Nashville, Donelson, Mt. Juliet and Hermitage. You can visit her website at: http://www.searchallnashvillehomes.com/

While she has entered real estate as her second career she holds a Realtor designation with GNAR, one of 12 Realtors in Tennessee chosen for Leadership Nashville program in 2015, appointed committee chair for YPN for GNAR for 2016, twice in top 50 for Parks of Tennessee in 2015 and four times in the top sales at Wilson Group. Mary was offered a team position in 2016 and has moved to Benchmark Realty to be a part of Team Kip and also able to focus one her individual clients. She finds herself still pleased to do transactions with agents from her former offices and still feels at home with her former brokers.

Charities include:

  • Habitat for Humanity
  • Make a Wish Foundation

Prior employments include:

  • Designer for Rogan Allen Builders
  • Designer for Adam Epstein Builders

In her former career Mary was self employed for 25 years as owner of Hot Potatoes Rubbers Stamps With products featured on HGTV, covers of Southern Living and Better Homes and Garden magazines
15 years on HGTV Carol Duvall Show as most invited guest. These skills give her a keen sense of design and a real love of interiors and with her handyman skills from being an artist she has a great understanding of how homes work.

Mary lives on the Cumberland River with her husband Brian and unruly dogs Buster and Sister and a cat. Above all else Mary prides herself on her service skills and referrals from friends family and clients and would love a chance to help you buy or sell your home.

www.searchallnashvillehomes.com/
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