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Real Estate Agents questions, answered by experts

You shouldn’t see a difference in your home’s value from your local property assessor if you have asbestos. Does asbestos affect home value when you are selling the home, though? If you are planning to sell the home, most jurisdictions require you to legally disclose the presence of asbestos to any buyer. Most buyers would have reservations about purchasing a home with asbestos, so they may offer less for the home. If you hire a pro to completely remove the asbestos, you do not have to disclose to buyers that the home once had asbestos.

Ensure the property is clean, provide access to all areas, and supply relevant documents, such as recent upgrades or tax records.

Not only does adding a pergola to your landscaping add value to your home, but it also provides an excellent selling point to potential buyers who enjoy outdoor living.

The purpose of the home appraisal determines which party pays for it. You’re generally responsible for the cost if you need to know the current value of your home to refinance your mortgage, though in some instances the lender will pay for it. The buyer pays for the appraisal when they are applying for their mortgage.

In most cases, converting a wood fireplace to a gas fireplace will increase your home value because they burn cleaner, provide more warmth to your living area, and are far more convenient to use. Thanks to gas fireplace inserts that make your fireplace look like it’s full of burning logs, home buyers can still get the aesthetic appeal of a traditional fireplace plus the benefits of a gas fireplace if you make the conversion.

The Ketchikan, AK homeowners’ guide to real estate services

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