Depreciation, a loss in worth over time, can impression a house’s sale value. As an illustration, a house bought for $200,000 that depreciates to $150,000 after 10 years will seemingly promote for lower than its authentic buy value.
Depreciation performs a vital position in actual property, affecting property values and funding choices. Traditionally, it has been a key consider figuring out tax deductions and funding methods for owners and buyers alike.
