I'm in Canada so with a grain of salt. My house is 45y old, and it was a cheap house to begin with. All the maintenance is done, roof replaced, stucco redone, w

I'm in Canada so with a grain of salt. My house is 45y old, and it was a cheap house to begin with. All the maintenance is done, roof replaced, stucco redone, we've done renos, elec is up to code. However when you look at the yearly appraisal, the house value keeps dropping year by year. They add a little line here and there to keep into account the renos done in the last 5 years. The only thing that grows is land value, which more than makes up for the house. I can totally see that were we not in a pressured market, value would go done; and America is not at a saturation point where land is a big concern as a rule.