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Real Estate Agents questions, answered by experts

A new gravel driveway—and accompanying landscaping around it—can boost your curb appeal and overall property value. On average, a newly paved driveway can boost your property value by 5–10%.

A carport's effect on property value can be positive or negative, depending on its condition and design. A high-quality, well-maintained carport can improve a home's selling appeal and may increase its value by a few percent, especially if it is thoughtfully designed with added utility like storage space or a workshop. However, a poorly-maintained carport in disrepair can have the opposite effect and detract from the home's sales appeal and value.

In most cases, installing skylights will add value to your home, making them a worthwhile investment for many homeowners. Buyers are often attracted to the aesthetic appeal of skylights, as they make rooms feel brighter, airier, and more spacious by introducing natural light without compromising privacy. Beyond aesthetics, skylights can offer monetary benefits by potentially reducing energy bills. Additionally, models that can be opened provide extra ventilation, which is particularly useful in hotter climates for allowing accumulated hot air to escape from the ceiling. However, the return on investment depends on several factors. To maximize value, it's crucial that the skylights are installed by an experienced professional to avoid risks like water damage, which can deter savvy buyers. Regular maintenance and cleaning are also important. Furthermore, choosing the right frame and glazing materials for your specific climate will enhance their performance and appeal. While skylights are generally seen as an asset, homeowners should also consider the initial cost, which averages around $1,500 for installation.

Pricing a fire-damaged house is tricky, and it’s best to involve some professionals. First, get a comprehensive repair estimate from a fire damage restoration expert. Next, have a real estate agent get you an as-repaired value for the home, which represents what the house would be worth if fully repaired. Subtract the repair estimate from the as-repaired value to get the as-is value.

Yes, Colonial homes are generally a good investment. Most home buyers who are interested in this style love its simple yet functional interior and charming exterior. Plus, if you keep up with its maintenance, some homebuyers are more willing to purchase a traditional home without the common issues found in older homes.

The Alto, NM homeowners’ guide to real estate services

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