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I am looking to make a home purchase in Indian Land, SC and had a few questions.
I have heard that the schools are really great, is this correct?
What sort of appreciation is the local real estate market looking at recently? I am purchasing a 6 year old 2500 sq ft home in the belair subdivision, and plan to upsize in approximately 5 years, as our income and family increase in size (hopefully) and want to make sure that the home I purchase will appreciate enough that at the very lease I can break even on the home purchase and cover real estate commissions.
Does the local market trends in the area appear to make that look possible?
There's no guarantee the house will appreciate if only because no one knows what the market will be like in 2019. If you'd have told people in 2005 that the house they were purchasing would be worth LESS in 2009, no one would have believed you.
In general, our markets have faired well, but prices definitely flattened and dropped a bit for a 3-year period from 2009-2011. And improvements since then have been mild, at best - some homes going for what they are truly "worth" (a relative term if ever there was one) and other selling for much less than they are worth. A few here and there have sold over asking price from what I've seen.
We bought our first house in NJ in 2001 and planned on living in it at least until our kids (not even born yet) finished elementary school (we bought 1/10th of a mile from the best elementary school in the area). We moved to South Carolina before our younger child turned 2. Didn't even have a chance to have our kids ATTEND the school down the block from our house.
On the other hand, when we moved here, we owned land in Fort Mill and intended to build a custom home, so we bought a house based on what we needed for the immediate future, with plans to be out in two years. Here we are - eight years later - in the same house. We love it, and have no plans to move until the kids finish high school.
One thing I've learned - don't buy a house with an eye towards resale. Buy the house you want to live in. Worry about resale when the time comes (whether it's 5 years or 25 years). You SAY you'll sell in five years, but you never know. You may sell in 2. Or 20.
The schools in Indian Land are fine. Not as highly regarded as Fort Mill, but still better than the rest of South Carolina.
I am looking to make a home purchase in Indian Land, SC and had a few questions.
I have heard that the schools are really great, is this correct?
What sort of appreciation is the local real estate market looking at recently? I am purchasing a 6 year old 2500 sq ft home in the belair subdivision, and plan to upsize in approximately 5 years, as our income and family increase in size (hopefully) and want to make sure that the home I purchase will appreciate enough that at the very lease I can break even on the home purchase and cover real estate commissions.
Does the local market trends in the area appear to make that look possible?
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