Depreciation, a loss in value over time, can impact a home’s sale price. For instance, a home purchased for $200,000 that depreciates to $150,000 after 10 years will likely sell for less than its original purchase price.
Depreciation plays a crucial role in real estate, affecting property values and investment decisions. Historically, it has been a key factor in determining tax deductions and investment strategies for homeowners and investors alike.
