Like many conversations, people sometimes steer conversations with me at some point to real estate. Everyone is always interested in how the market is performing and how home values are progressing in their area.Â I never mind speaking about the industry I love, except on this one particular day.
I was speaking with a group of neighbors answering their questions when all of the sudden one of the neighbors spoke up with her non-interest saying I really could care less. The value of my house is going to be my kid's issue when I die. I was floored and it took all I had to bite my tongue (which I did) and say nothing and hold my quick-witted mouth which sometimes gets away from me.
What I wanted to tell her is that with all the signs leading to longer lives, the changes of her living in her house without moving to an assisted living community were few and far between. I felt like that was probably going to be no question that she would long outlive the days of owning that home here in the neighborhood. In fact many of her neighbors had been relocated to such facilities and with the high costs associated with living in these assisted living communities, they've needed the funds from the home sell to pay the costs. When you find yourself in this type of situation, it is imperative to realize with associated rents in the $5,000 range it's amazing how important home values actually become.
I guess she could have simply been saying she wasn't interested in the topic but I find it hard to believe that no matter how old we get, home values still remain an important aspect with homes still remaining the highest ranking investment most people ever hold.
A very important tool to have when searching for a new home is the ability to compare potential new areas to what you already know. Comparing the two zip codes empowers the buyer to feel more confident about their decision to move to a given area. At Dewey Blanton Real Estate, we have that very tool available and we share it with each and every client but also wanted to share this with everyone.
You can simply go to our newsletters or visit http://deweyblanton.housingtrendsenewsletter.com/dispneighborhood.cfm?loadid=52&id=3281# to obtain this comparison information on your own time.