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Property Values

Influencing Factors

You've heard “Location, Location, Location”. That is the biggest determining factor for property values in the Lakes and Mountain Regions of New Hampshire. Our towns and cities are located within the counties of Belknap, Carroll and Grafton. Each town has their own value range in property. In Meredith, you could have a basic house built 40 years ago that would sell for $300,000.00.

Put that same house on a hilltop with fantastic views and the home could become worth $500,000.00 or if it is located on one of our lakes it might have a value of $1,000,000.00 or more. It is often times not the dwelling, but the location that will have the most bearing on the value. Even lakefront values vary greatly depending upon the size of the lake, the exposure to the sun, the views and whether or not the property has a boathouse and or natural sand beach.

Returns on Your Investment

While most places in the United States have experienced a housing boom that has led to a dramatic increase in property values over the past 2-3 years, New Hampshire’s Lakes and Mountain Regions has experienced an upward growth for over 30 years.

Housing remains fairly affordable in the area with top of the line newly built homes, some with views, costing no more than $300,000.00. In parts of the Lakes and Mountain Regions, some homes for sale are still under $200,000.00. This area probably will not see the peak of home values for another 15 years as we hit the tail end of the baby boomer era. More and more buyers are buying homes now for personal use and as an investment with the plan of making the Lakes and Mountain regions their retirement destination. Certainly there are peaks and valleys in values over time. However, the statistics show that property values over time have increased and have proven to be a wise addition to investment portfolios. Move here for the beauty of the area, and buy your home for the potential earnings.

With the advent of the internet, many people have been able to make their permanent move here earlier than anticipated, making our area a great place to work and play at the same time. In New Hampshire’s Lakes and Mountain Regions, return on investment is not only a financial consideration, but a lifestyle consideration as well.

Interest Rates

Interest rates will affect the value of real estate. In a market like ours where the percentage of cash buyers is much higher, this can have less of an impact in retention of value in the face of the changing interest rates.

None the less, interest rates impact value. Today’s interest rates are some of the lowest in history. Rates are expected to decrease in the coming months which will make securing a 30 year fixed rate mortgage more attractive than ever.

When interest rates are low, as they have been for a while, more people can afford to buy. When there is more demand (buyers) than supply (homes), the price of the item goes up. When there is more supply (homes) than demand (buyers), the prices go down. The same holds true on a greater scale for homes. If interest rates go up, thereby eliminating potential buyers, a seller might have to drop the price of a home to have more potential buyers. Of course there are other factors in our economy which impact real estate values. But when all is said and done, securing a low interest rate 30 year loan is available now for those long term planners.

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