Depreciation, a loss in worth over time, can affect a house’s sale value. For example, a house bought for $200,000 that depreciates to $150,000 after 10 years will probably promote for lower than its unique buy value.
Depreciation performs an important position in actual property, affecting property values and funding selections. Traditionally, it has been a key consider figuring out tax deductions and funding methods for householders and traders alike.
