Real Estate Math

A West Virginia seller paid $185,000 for a home 5 years ago. They sell it for $230,000. What was the total dollar appreciation?

A$35,000

B$40,000

C$45,000✓ Correct

D$50,000

Explanation

Appreciation = $230,000 - $185,000 = $45,000. Using the values given ($185,000, $230,000), apply the appropriate formula.. The correct answer is $45,000.. This is a common calculation on the West Virginia real estate exam.

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