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Real Estate Agents questions, answered by experts

You should always calculate real estate development costs on a case-by-case basis, so there’s no specific formula to estimate your total. You should speak with a local construction manager to see what you’ll need to do in terms of clearing and leveling the land, connecting utilities, and pulling permits for construction. A professional will be able to get you an accurate estimate for land development.

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.

While there’s technically no limit to the dollar amount you can borrow for a home addition, the standard limit is around 80% of the value the addition is expected to add to your home. That means you could feasibly borrow up to $80,000 if an appraiser determines that the addition or bump out will add $100,000 in value to your property. You might also be limited by your debt-to-income ratio or credit score.

While sheds are most certainly helpful for most homeowners, unfortunately, sheds do not add value to a home or property in the traditional sense. However, if the home has limited storage or garage space, having a shed to store things like decorations or lawn equipment can certainly be a positive if you want to sell.

Yes, marble floors do increase home values. In fact, if you install marble flooring in your home, you can expect to double your investment. Homebuyers love marble, like other types of stone flooring, because it’s timeless, beautiful, wears well, and is considered a luxury product. Marble is expensive to install, but if your house and location attract buyers looking for luxurious, upscale vibes, adding marble flooring can only raise your property value and give you a great return on your investment.

The Steele, ND homeowners’ guide to real estate services

From average costs to expert advice, get all the answers you need to get your job done.