For years, Virginia Beach properties didn’t see growth in terms of value possibly due to the American economy being in a slump. Thankfully, things are recovering now, and according to a report from PilotOnline.com, this time is definitely bright for owners who want to sell their homes.
For the first time in five years, property values are looking up in Virginia Beach.
Assessments are projected to rise 3.6 percent for the upcoming fiscal year, which starts July 1, according to an annual report from Real Estate Assessor Jerry Banagan. That means taxpaying property owners will contribute $481 million to the city budget for the 2014-15 fiscal year, $18 million more than this year.
The average homeowner saw a property value increase of nearly 3 percent, but Virginia Beach might not be out of the weeds just yet.
“I think it’s good news for the city. We hope the trend is reversing,” Banagan said. “But, you know, we still don’t have a really healthy real estate market yet in some price ranges.”
You can take advantage of this opportunity by having your property thoroughly checked. One of the top priorities when an inspection is conducted is that you look into your attic. The roof is basically your home’s first line of defense against harmful elements so it’s likely the first place where damage occurs.
If you leave your roof with leaks or broken shingles, you’re likely to get the cold shoulder every time a buyer steps in. If you want to make sure that your roof is in good condition before you put your home up for sale, hire a Virginia Beach roofing company that can inspect your roof, repair damage, or install a replacement if needed.
Among the trusted roofing companies in Virginia Beach that offer professional roof services is The Roofing and Remodeling Company. With our experience and expertise, we can help you maintain or even further raise your home’s value by ensuring that it is in top shape before you offer it to buyers. Give us a call today for a free estimate. (757)-903-0050
(Article and Image from “Virginia Beach: First property value increase since ’09”; April 13, 2014)