Seems like that's just standard appreciation. You replace the bits that deteriorate and conceptually lose value, so by replacing it, you just bring it up to par

Seems like that's just standard appreciation. You replace the bits that deteriorate and conceptually lose value, so by replacing it, you just bring it up to par with what it would ideally be worth since buying it. Although my father did buy his house in 96 for $80k in Canada, hasn't replaced fuck all, and it's now worth hypothetically $250k just because that's what houses are going for in the neighbourhood