Is there an age when houses start to depreciate in value?

Answer 1

Depreciation of home value is influenced by several things. Some you can control,like maintenance and upgrades, and some you can't,like a sewer plant moving in next door. Typically, if you keep you home updated with new carpeting,paint and replace the mechanicals(hot water heater,furnace,ac unit) and roof when it needs it, your house will increase in value. If the value of homes drops in the area then yours will slide back also. If your house looks like you have taken care of it then it will stay above the rest of the homes that don't.

Answer 2

It only depreciates if you do not keep up with improvements and care of the place, well take that back in todays housing bubble because of the over value of houses some are going to go down. THis is because they where speculated and overpriced to begin with. In the long run no there is only so much land we cannot make anymore.

Answer 3

This question also seems to ask if new houses are better than old houses. Way back when houses were built with wood from trees that were a few hundred years old over many months by people who meant for the building to last. If they are well maintained, old houses can last hundreds of years. Some already have!

Answer 4

I think what you mean is does an old run down house decrease in value. The answer is no it just doesn't go up in value as fast as the other well kept ones in the area. In fact if it turns into a dump it's only worth land value for the area which is still more then what the owner originally paid for it.

Answer 5

No such thing. A home can lose value just because surrounding properties are losing value, even it is totally updated.

Answer 6

no...isn't that an interesting point. as long as they are well-maintained, and the neighborhood does not decline, they will just appreciate.

Answer 7

No.