An increase in the value of a home is called

Question

Quizplus · Accepted Answer

Appreciation refers to an increase in the value of a property over time due to various factors such as market demand, improvements made to the property, and the overall state of the economy. Depreciation, on the other hand, refers to a decrease in value, while amortization refers to the process of paying off a loan over time. Equity refers to the difference between the value of the property and the outstanding mortgage amount. Therefore, the correct answer is A) appreciation.

An Increase in the Value of a Home Is Called