Types of Value in Utah Real Estate
I was working Linda today. We were looking at some real estate in the Salt Lake City area. She asked me about value in Utah Real Estate. I asked her what she meant by value. She replied that she was wondering if the market values were increasing, decreasing or are stable right now. Of course I was able to answer that question with another questions. What neighborhood in the Salt Lake City area are you talking about?
Value will vary within the Utah Real Estate market based on the neighborhood. So, it's impossible, generally speaking, to cover the entire Salt Lake City and Summit County Real Estate market with one "fits-all-blanket." That's when I told her about another important type of value.
It's critical for all Utah Real Estate Buyers to focus on their life style and personal needs when searching for property. Make sure you are getting what you want. When I say that I mean, does it make you feel good inside when you're in the property? Does it facilitate the life style you lead?
I was working with another young couple last week. They were looking at a large, half acre lot with a house on it. The husband looked at the wife and said, "if we purchase this property then we'll be spending a lot of time taking care of it. That means we'll be able to spend less time riding our motorcycle around." The upshot was that they really liked spending weekends riding their motorcycle around Summit County so they selected another property that would allow them to have the free time they loved.