How to maintain property values...

HOW DO I MAINTAIN THE VALUE IN MY PROPERTY?


I could research stats and look up what the economists are stating however I won't delve that deeply into this subject. It doesn't really seem there is too much most can do to save the value of their homes. Since a property in your neighborhood, subdivision, building may sell at a rock bottom price tomorrow and cause a shift downward in all the values.



That sounds pessimistic I'm sure. And it sounds a lot like we have no control over the market or even the sale of our own property right? While we may find it publicized daily that the market is slowly recovering the truth remains it is a 'Buyer's Market' and if you are selling property you may want to put your "best foot" so to speak, forward. People are looking for a bargain but more for less doesn't always equate to better deal if your property requires "more work" to call home. Consider the Short - Sale process. So unpredictable and most times very lengthy. Is the property worth the wait?



Value may very well translate into "what is it worth to me" and be considered a perspective not a hard number.

• Is this property worth selling?
  


• Should I do the work myself or have a professional make repairs? Is it worth the costs to hire a professional instead of putting the property on the market "As Is"?
  


• Is the property worth being purchased in current condition?
  


• As a Buyer, do I have the means to afford making the repairs after purchase?
  


• Do I have the money to maintain this property while waiting for it to sell? (Taxes, condo Fees, CDD, HOA, etc.)
  


• How long will the property be on the Market?
  


• Is this property worth buying?
  


• How long has this property been on the Market?
  


• Has this property been neglected? Is it worth the expense?
  


• Can I save enough for down payment and closing costs?
  


• It's a second home, I'm not a cash buyer will I get financed?
  


• Are condos worth the purchase?
  

And the list does go on and on.

Your feedback and perspectives are appreciated.

Be sure to preview this AWESOME new project - Mint at the Riverfront. Closings begin Sept. 21st. It's been almost 4 years. Is it worth the wait?? Prices have dropped, is it worth the purchasing now or shoud I sacrifice my 20%? Those are the questions I hear concerning this project. The best deals are made now. This is the last new construction building in the Brickell area for the next 5-10 years. It's beautiful, exquisite and contemporary. The association is backed by FDIC. It doesn't get much better than this.

http://www.mintatriverfront.com/ Image courtesy of Miami Condo Investments.