Gosh! I would love to have a home with a small yard - I'm tired of cutting grass!

The point is that every one and every family has different priorities. If the home works for you, there will be others like you. You can always have your agent research the turnover rate in that particular neighborhood, or in similar neighborhoods, to see how much demand there is for similar homes.

As an appraiser that covers this area, we see more people looking to buy properties with backyards right now than not. I guess the amount of time you hold the property will determine whether or not you get your return on the investment. If you had one of each type of property right now on the market, which would you expect to sell first?

You can visit our site for more information about the vauation of properties if you like.

Jane Gopez
West Coast Services

Ad,

Congratulations........for considering your future home's resale value prior to purchasing it. This is something we preach to our customers as well as a factor that is often overlooked.

The absence of a large yard can be a positive as well as a negative factor. Obviously, some people enjoy a large yard and the flexibility it offers residents. On the other hand, there is the faction that may view the small yard as a plus because it's less for them to think about maintaining.

If all of the homes in the community have similar yard demensions we don't feel the smaller sized lot will be a factor. People were obviously attracted to the community for other reasons: golf, club house, security, location, value, etc etc.

Hope this is helpful.......

AD - a local agent can give you better perspective, but in general - yes, I think these properties will hold their value for some time.

Hi A.D.

Historically, if you are talking about a short term investment, 1 - 4 years of ownership, than I would say probably not. If however, you are talking about living in the home 5 to 7 years before you look to sell then, it may hold it's value or even increase.

Over time, an investment made in Real Estate, if held for longer than a couple of years, in a normal market, will perform as well or better than any other investment.

Where homes are concerned, you should absolutely be looking at your financial future, but you also need to remember that the most important consideration in a new home purchase is whether the home works for you and your family.

Happy homeowners are made out of people who find the home that works for them.

Good luck with your future homeownership. Take care and have a great day!

Tisza Major-Posner, Realtor, IVPG Realty (909) 837-8922