The surge of Nashville, TN houses doesn’t seem to be stopping anytime soon, as residents note that one day they drive by an empty lot and the next day there’s a construction project. With the increase in home prices, new buildings, and a booming population, it’s time to move to Music City before costs go up any more.
Prices Moving Higher
Nashville is still very affordable compared to other parts of the country, but recent years have seen a movement toward consistently rising home prices. Average costs for a single family home are still under $300,000 yet as the quality of neighborhoods continue to be improved and homes are remodeled and updated, there’s a good chance that prices will rise above this mark.
If you currently live in Nashville, it might be tempting to cash in on the equity in your home and make some extra money. However, real estate is usually intended to be a more long-term type of investment, and the longer you stay in your current house, the better chance you’ll have for it be worth even more later on.
Contractors Can’t Keep Up
People will tell you that it seems like there’s a new home being built on every street in Nashville. While that might seem like an exaggeration, there’s definitely a swing toward utilizing every empty lot available both downtown and in the suburbs.
These newly constructed homes often include every modern amenity you could hope for, allowing Nashville, TN houses to truly be the cream of the crop. Buyers of these newly constructed homes also have the option to pick custom colors and finishes during the process, thus increasing the appeal.
Looking For A Realtor
Because of the hot real estate market, some in Nashville might have a hard time finding a realtor that’s right for them. Although there are plenty of individuals in this field, the number of people moving to Nashville keeps growing year after year, so their time can be a bit more limited.
That’s not to say that you should work with the first available realtor you find though. Rather, it will pay off in the long run to make sure you find someone who will understand your needs and goals as they pertain to real estate. Working with the right agent will lower your stress level and ultimately put you in a better position to find the home you’re looking for.
Let Hōmage Properties Help!
Our team of real estate experts has it all when it comes to real estate transactions. We work with individuals who are looking to sell their current home, those who are buying a new one, and even people who are interested in real estate investments.
Not sure if working with us is the right move for you? Give us a call, or at the very least, check out our frequently asked questions page to learn more about how we can help. We’ve been serving residents of Nashville for years and can’t wait to help you with your real estate dreams!