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Real Estate Agents questions, answered by experts

It depends on the location of the home and, more particularly, the region’s climate. For example, a Florida homeowner can rest assured they won’t lose money at resale if their home doesn’t have a fireplace. However, buyers in Minnesota or other northern states known for frigid winters might offer a lower price if the home doesn’t come equipped with another way to stay warm.

A home inspection evaluates the property visually to determine whether there are any structural problems that the current homeowner must repair before selling. A home appraisal is a thorough evaluation of the property and its surrounding area to determine its current market value, which informs homeowners of the value of their home to help set the asking price. The appraisal will guide the mortgage company’s lending decision.

Yes, an RV garage can add value to a home. In most cases, homeowners can expect to see a return on investment (ROI) of 65% on a new RV garage. This isn’t quite as high as a regular garage, but it still increases the value of your home.

The age of the well, installation methods, and maintenance logs can affect your home insurance premiums and any potential future claim. Mortgage companies can request proof of water quality before they approve the loan. Review all well information, including the Shared Well Agreement, before you make an offer to purchase.

You can be present during a home appraisal, but it’s best to stay out of the appraiser’s way. Make yourself available, but don’t engage or interrupt, and don’t discuss value or your target sales price. If possible, have your agent present in the house instead of being present yourself.

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