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Real Estate Agents questions, answered by experts

The difference between a mobile home and a trailer home is primarily between construction standards and usage. Mobile homes built after 1976 meet HUD safety regulations, offering more durability and livability. Trailer homes, an older term, often refer to smaller, lightweight units primarily designed for temporary travel or camping.

If your pipes are deteriorating and leading to frequent repairs or ongoing leaks, it's worth it to repipe your house. Faulty pipes can lead to costly problems, like leaks, water damage, and mold growth. Investing in new piping can buy you anywhere from 50 to 100 years or more of stellar plumbing while saving you from repairs and expensive water bills, so it's a worthy endeavor. Not to mention, new plumbing can increase the overall value of your home.

Yes, granite can increase the value of your home since it’s considered a high-quality, durable material. It’s also easy to care for and can withstand years of wear and tear, so potential buyers may hold your home in higher regard if you have granite countertops.

If you’re selling a home and the appraisal comes in lower than an offer, you’re effectively getting more for your home than it’s worth. If you’re a buyer, it means you may be overpaying. Some buyers may try to reduce their offer amount to match the appraisal, but if they signed an agreement already at the offer price and the agreement didn’t make the sale contingent on the appraised value, there’s often no option to negotiate. Keep in mind that a low appraisal may push your loan-to-value ratio too high, meaning a lender may not give you a mortgage.

Adding a second story can increase the resale value of your home, but your cost-to-value ratio might not give you the return on investment (ROI) you were looking for. Also, there are factors to keep in mind that can impact the value of your home, such as market conditions, your neighborhood, curb appeal, and functionality. If you’re hoping this project will give you a significant ROI, talk with a realtor to see what potential increase you can expect and what you can do to maximize your home’s value.

The Sand Point, AK homeowners’ guide to real estate services

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