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Can my new home depreciate in value?


3 Answers

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Your home will depreciate, but the land under your home will probably grow in price much faster than your home will depreciate, but it all depends on the market. So, the short answer is yes.

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If you’ve bought into an area of your city that’s only recently been developed, do a bit of digging to see what’s going to be built in the surrounding area as it may affect the value of your home.

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While it is uncommon for a home to depreciate, there are things you can do to ensure your home continues to grow in value. Choosing a good location and ensuring the home is properly maintained are fantastic ways to keep your investment growing.

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