If you’ve been thinking for some time about buying a property in Apple Valley, NOW is the best time to buy. Apple Valley Lake is one of the top 7 lake destinations here in Ohio. You might be considering having your second home here and might be wondering about the price ranges of homes at Apple Valley.

The prices of homes in Apple Valley OH vary depending on the location, size, home amenities, and the current market. Offshore homes range around $125,000 to $350,000. Golf Course front homes are at $275,000 to $325,000. Lake view homes average around $250,000 to $350,000. Lakefront homes are at $550,000 to $1,400,000. 

What are the Factors that Affect the Prices of Homes in Apple Valley?

Several factors can affect the prices of homes in Apple Valley:

• Location

• Size

• Home Amenities

• Home Age and Condition

• Renovation Potential

• The Current Market

• Economic Factors

Location

Based on location, homes are classified as lakefront homes, lake view homes, golf course front homes, golf course view homes, and homes without an amenity view. Lakefront homes are the most expensive but allow you to get the most out of Apple Valley Lake. Homes without an amenity view, on the other hand, lets you be a part of the Apple Valley community more affordably. 

Size

A home’s value is commonly estimated at a price per square foot. This is the sales price divided by the square footage of the home. For instance, this home is a 2,457 square foot house that’s being sold for $259,900. The price per square foot would be around $170.

Aside from the price per square foot, another factor that matters when determining a home’s value is its livable space. Garages, attics, and unfinished basements are generally not counted in usable square footage. For instance, a 1,500-square-foot home with a 300-square-foot garage means having only 1,200-square-feet of livable space.

Home Amenities

Bedrooms and bathrooms are most highly valued, so the more beds and baths a particular home has, the higher it’s worth. However, these are not the only home amenities that are valuable in an Apple Valley home. For example, a home with a dock where one can easily access the lake, swim, fish, or play watersports such as this home, is highly desirable. Updated homes are also priced higher than homes that are sold as they were originally built.

Home Age and Condition

While older homes may be more affordable than newer ones, they may also require a significant amount for repairs. Buying either a newer home or an older one, both have its advantages and disadvantages. 

Some buyers are willing to pay more for a home that is move-in-ready. This is one reason why most buyers include an inspection contingency in their contract so that they can negotiate repairs and avoid any major expenses following the sale.

Renovation Potential

Homes that have a higher potential for expansion such as homes on a big lot, may have a higher value than homes with limited potential. Some homebuyers and investors highly consider a home’s potential for growth — the possibility of adding an extra bedroom or extra story, the potential to increase the floor space, or the potential to add a pool or outdoor patio. 

The Current Market

Prices of homes can also vary depending on the status of the current market. In a buyer’s market, the prices of homes are somewhat lower, since there are more homes on the market. In a seller’s market, however, the prices of homes are priced higher.

While “timing the market” may not always be a good idea when shopping for your Apple Valley home, knowing what the current market is can give you an advantage.

Economic Factors

Economic factors can also affect the price of real estate not only in Apple Valley but in the whole country in general. If the economy is experiencing strong growth, employment, and labor conditions, more people can afford to purchase a property, which leads to rising property values. However, some unforeseen situations can lead to a sudden downturn in the economy, which in turn might lead to adjustments in real estate valuations.

How to Find the Right Apple Valley Home for You?

Since the price of an Apple Valley home depends on a lot of factors, to find the right Apple Valley home, you need a clear picture of the things that you really want in a vacation home -- your non-negotiables. 

How much can you invest in a vacation home without sacrificing your lifestyle and finances? This will be the main consideration when you look for your second home in Apple Valley Lake.

Will you be renting out your vacation home? Do you want a home big enough to entertain friends and family? Do you want to be able to swim, fish and enjoy watersports as often as you like? Your purpose for having a second home near Apple Valley Lake will help you find clarity and give you an idea of your priorities in a vacation home. 

Is the location a big deal for you? Would you like to see the view of the beautiful Apple Valley Lake the moment you wake up in your home? Do you prefer to be just footsteps away from the lake? Or, would you not mind if your home is within walking distance from the lake, but you’ll still get access to all the amenities of living in Apple Valley more affordably?

Are there specific must-haves in your dream home? Listing this down will help you and your real estate agent narrow down your search. It will also give you a clearer picture of some items that you can let go to find a more affordable home in Apple Valley.

Are you into DIY projects and consider home renovation a welcome challenge?  

Why is NOW the Best Time to Buy a Home in Apple Valley?

If you have been considering buying a home in Apple Valley and are in a position to take advantage of the current market conditions, now is the time to organize your finances, connect with an experienced real estate agent, and start looking for your dream vacation home.

Aside from the financial advantages, it is now more convenient to shop for a home even if you’re not in the area. Tools such as online listings, virtual presentations, remote virtual tours, online video conferencing, and electronic execution and delivery of documents make it possible to facilitate transactions in the comforts of your home.

Call or text us, Toth and Team, at 740-390-0735, so we can assist you in finding the vacation home you’ve been dreaming of in Apple Valley.