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Real Estate Agents questions, answered by experts

The short answer is yes. Room additions almost always increase a home's value. But just how much they increase it varies by the materials you choose, the type of room you build, and other factors. For instance, adding a sunroom will yield you a 49% return on your investment, while adding a primary suite results in a 63% return on your investment.

Countertops play a significant role in determining your home's resale value. High-quality, stylish countertops can attract potential buyers and increase the overall appeal of your property. Desirable materials like granite, quartz, or marble often command a higher resale price. On the other hand, outdated or damaged countertops can deter buyers and lead to lower offers. Investing in attractive, durable countertops can be a smart move to boost your home's resale value.

Provides additional space and enhances property appeal, potentially increasing resale value.

Land doesn’t depreciate in the same way that a house, vehicle, or other property does, but it can lose value based on various factors. Environmental changes, nearby development, zoning changes, and economic downturns can all cause land to lose value over time. Value is a comparative figure, so as other related factors change, so can land’s value.

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.

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