Why is it that cars and most other vehicles only ever depreciate in value, whereas homes generally appreciate continuously?
In: Economics
Home values go up with inflation, land values go up slightly beyond inflation, and usually the cheaper but most obvious things add the most value. Things that add value or at least replace lost value fresh paint in neutral colors, keeping a house clutter free when selling retail with an agent, painting cabinets, putting in nicer looking but still low cost countertops if the old ones are dated, replacing outdated fixtures, fixing/replacing things that are worn out. These spendy wall teardowns, kitchen reorganizations, full bathroom redos, stone countertops are spendy and usually don’t return what you put into them.
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