Ann Arbor home values are always changing, it is important to stay informed about the changes in your home’s price.
What causes a home to change value?
A lot of things could cause your home to fluctuate in value. Typically, what causes a home to change value is the state of the real estate market as a whole. When demand for property increases, home value increases too. Ann Arbor home values is typically high, because of the desirability of the city of Ann Arbor.
An individual property can change in value because of changes to the property made by the home owner. Adding a garage, pool, bedroom or making other changes to a property can increase it’s value. Conversely, fire, demolition, and damage from poor maintenance can potentially decrease a home’s value.