Appreciation rates by property type in your area
The curb appeal that is possessed by a real estate property goes a long way in contributing to its appreciation rate. As much as other factors such as location are important, the way a property appears, based on the type that it was built to comply with contributes to up to 10% appreciation rates more than property types that are not considered to be appealing.
The strength of this argument is based on observation that, if a house type is not considered to be appealing by potential buyers, they will not even bother to get inside to see what the house is all about. It is therefore important for you to make sure that over everything else, making sure that your house looks good enough on the outside in a manner that will inspire many buyers wanting to purchase it, raising the competition levels and consequently appreciated rates for your house.
Making the right selection of the type of property to invest could clearly be the difference between if you are able to purchase a property that appreciates or one that does not. Therefore, whenever you purchase any property, make sure that it is one that appeals to the masses as this will directly impact its value in the future.