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Real Estate Agents questions, answered by experts

It is almost always more affordable to buy an existing home than to build one from scratch. First of all, new construction mortgage interest rates are often higher than traditional loans. Also, when building a home, you're covering the cost of brand-new finishes, appliances, electrics, plumbing, utility hookups, and labor. Between the cost of labor and permits, building a home will often cost more in the long run.

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

Stylish drop tiles, such as wood or metal, could add value to your home if the drop ceiling hides imperfections on an old surface. However, traditional fiberboard and plastic drop ceilings can have the opposite effect, especially if new prospective buyers do not like that aesthetic. Savvy buyers may also know that drop ceilings are a go-to ceiling option in areas where leaks are an issue, given the easy access to the area above the ceiling and the ease of replacing a single tile. This could dissuade a buyer from purchasing your home.

Home additions can add significant value to a home by increasing its overall square footage and enhancing a home's functionality and appeal. Key additions such as extra bedrooms, bathrooms, or larger kitchens offer the highest returns on investment. Well-planned additions that seamlessly integrate with the existing structure and match the neighborhood's style can boost curb appeal and market value. However, the actual increase in value depends on the quality of the work, the types of additions, and the current real estate market conditions.

Much like any new siding, stucco will increase home value and curb appeal. Stucco provides an average ROI of 70%. With the average cost to stucco a house sitting at $5,700, you can expect to see a value bump of close to $4,000. Opting for a high-end stucco texture can improve value even further.

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