Your property start to appreciate from the purchase price?

[Rendy Richiez]

When you buy a property does it start to appreciate from the price you bought it? If yes does it has a top and final appreciation price?. Newbie here!!

[Canesha Edwards]

@Rendy Richiez

Buying a property does not mean it will automatically appreciate. The location of the property, planned developments, school system, etc play a part in a property’s appreciation growth.

Appreciation comes in two forms. Natural and forced.

Natural appreciation happens over time as the area changes. Forced appreciation happens through renovations.

Properties can also lose value. I’m sure you’ve seen the market is crashing posts. I don’t recommend investing based on appreciation growth. The past 2 years we’ve seen unprecedented growth in the housing market, but house prices have not historically grown by such large percentages in a short period of time.

Best,

Canesha