> Land is what should appreciate, not the building built on top of it, which should deprecate.
That’s not entirely true. A home structure is worth what the materials + labor - depreciation are worth. A home can depreciate far more slowly that the cost of labor and materials rising. Not to mention that renovations will occur over time essentially removing some depreciation and adding to labor + materials to build a similar structure.
A well maintained home should hold its value well over time.
That’s not entirely true. A home structure is worth what the materials + labor - depreciation are worth. A home can depreciate far more slowly that the cost of labor and materials rising. Not to mention that renovations will occur over time essentially removing some depreciation and adding to labor + materials to build a similar structure.
A well maintained home should hold its value well over time.