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If you are looking for a city to buy and sell homes, or work your way to a successful career in real estate, San Francisco could be the perfect place for you.
But you have to be observant of how the market behaves in certain seasons. Know that while houses and properties in some suburbs are of great demand, there are specific areas where the values of houses and properties steadily fluctuate. You also have to know your statistics and demographics because every year there is a rise in rental costs and home value. Even a simple window replacement in San Francisco can increase the market price.
Another area to check is the homebuilders’ confidence, as contained in this update from SF Gate:
“Looking ahead, as the spring home buying season gets into full swing and demand increases, builders are expecting sales prospects to improve in the months ahead.”
The index measuring their confidence in home sales over the next six months rose to 57, highest since January.
Housing, while still a long way from the boom of the mid-2000s, has been recovering. Residential construction has grown at double-digit rates over the past two years and contributed about one-third of a percentage point to overall economic growth in both 2012 and 2013.
More people are finding opportunities in city, are earning high and would be willing to pay for a decent house. It goes to say that a properly-maintained home will certainly fare well in the San Francisco real estate market. A big factor in increasing a home’s value is its façade. If given a proper renovation, the value of a home can potentially increase by as much as 50 percent.
Home builders are sure taking note of this and are working with home improvement experts to be able to present pleasant homes. Highly-recommended in its field of expertise is the The Bay Area Window, a San Francisco window replacement contractor that installs the stylish and durable Renewal by Andersen® brand.
(Article Excerpt and Image from US homebuilder confidence edges up in April, SF Gate, April 15, 2014)