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Real Estate Agents questions, answered by experts

Some of the home repairs with the highest ROI that can improve appraised value include exterior paint, new exterior doors, new windows, landscaping, kitchen and bathroom renovations, new flooring, new interior paint, finishing a basement, home additions that add to the square footage, and replacing major components, like the roof, heating and cooling equipment, and the water heater. Upgrades to home energy efficiency are also a big hit with buyers and can add significantly to value, as are smart home integrations.

Mold can greatly impact your home's appraisal and lower your selling price if your home's on the market. Home appraisers take mold into account when figuring out a property's overall value. Mold will lower your home's price because it poses a health risk to household members and can compromise the structural integrity of the house. Mold will require remediation, which in extreme cases can be costly, so that is factored into your home's appraisal as well.

No, home improvement loan rates typically do not drop during certain times of the year. Interest rates go up and down based on economic conditions rather than on the time of the year. Some banks may offer slight rate discounts around the same holidays every year, but this is a marketing decision rather than a decision based on the time of the year. If you want to use a home improvement loan to fund your remodeling project, the best option is to shop around at different banks for the best rates.

Adding a deck is great for entertaining guests during the summer and can increase your home value. The ROI ranges between 60% and 70%, making building a deck one of the better home improvement projects if you plan to sell your home. The investment will also have a higher return if the deck adds square footage to your property.

Adding a deck to your home will increase its overall value. Per Remodeling magazine's 2023 Cost vs. Value Report, building a deck is a top 15 home improvement task. Installing a wooden deck has an average return on investment (ROI) of 52%, while building a composite deck offers almost 40% ROI. The amount of value a deck adds to your home depends on deck size, type, material, age, and how well you maintain it.

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