Can a home depreciate in value?
Buyers Answers

Generally, real property never depreciates in value, or more so, it is not very common for property to depreciate.  This is why it's a great investment.  Make sure you carefully consider location and community when choosing a home; it can effect the homes future value greatly.

If you are in a newly developed area, do some research on the construction of the surrounding areas being developed to determine if they may effect your homes value.