Will small city homes become less valuable?

The times they are a-changing, so of course prices won't stay the same. But to say how much a commodity increases in price, but also to look at the change in the level of wage income to afford the ease of the commodity. The rise in housing prices is now not just a myth that is out of reach in the big cities, but also in the smaller cities, where most of the houses are not low-priced.

In the last two years, the housing market in small cities has received a strong boost due to de-inventorying and shanty towns, and house values have generally risen. But have you noticed that some houses, also in smaller cities, just aren't valued as highly?

The house as a commodity, the cost of completion is nothing more than all steel and concrete. The same material to build the house, but in the price is very different. In fact, from the moment the house is built, the house is in a state of depreciation. If you drive a car for 7 or 8 years, can you sell it for the same price as a new car?

The reason why a house retains its value is because it absorbs the value of the land it is attached to. Land is a scarce resource, and even more so when it is economically developed and densely populated. If a house is worth a lot of money, it must be worth the lot it is on. On the other hand, if a house is not worth that much, the first thing to look for is the location. The next thing is that the traffic condition and the surrounding facilities are also the plus or minus points.

The reason why second-hand homes in small cities are not valued highly, or do not sell well at the ideal market price, is also because most people who live in small cities own a home, or even more than one home.

Those who want to buy a house will look at new houses with more popular interior designs and more scientific and spacious floor plans, whereas most second-hand houses have outdated designs, are more costly and expensive to renovate, and may have cramped floor plans.

People who have a house still want to buy a house, mostly because of the family, then the same price, of course, choose a better condition of the new house.

The treatment of second-hand houses in small cities is also due to the fact that in the mindset of small cities, buying a second-hand house is a disgraceful act. Second-hand houses in the more traditional people's concept, is someone else used, lived in, inauspicious! Therefore, in the conservative thinking of small cities, second-hand houses, if not necessary, the popularity is very general.