What does appreciation mean in real estate?

Author
MyProperty
South Africa's #1 independent property portal

Appreciation is how much your property's value increases over time

There are many reasons why appreciation happens - it may result from inflation, increased job opportunities in your local property market, and overall property development in your town. You can raise the appreciation value with home improvements.

It can also be a valuable tool for a homeowner or investor to increase their property value by making a few home improvements. Not all home improvements will add value to your property but studies have shown that improvements to kitchens and bathrooms are a smart choice.

This is the opposite of depreciation, which is a decrease over time

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