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Real Estate Agents questions, answered by experts

Yes, landscaping costs are generally a worthwhile investment that can increase your property value. Landscaping can boost your home's value by up to 30% by improving its curb appeal, which can help it sell faster and for a higher price. Specific projects have a high return on investment (ROI); for example, revamping a front walkway can offer a 100% ROI, while a pristine, well-manicured lawn can deliver an impressive 217% ROI. In addition to the financial returns, you also get to enjoy the improvements, especially with features like an outdoor living area.

No, the appraisal value comes from an appraiser and is a professional opinion of value based on property location and condition, while the market value is determined solely by what buyers are willing to pay for your home. Lenders normally use appraised values to ensure they’re staying within target loan-to-value (LTV) ratios—the market value is simply what the home sells for. Appraised value can sit above or below market value.

Artificial grass can add value to your home, particularly in drought-prone areas where traditional lawns are difficult to maintain. Artificial grass averages between $3 and $11 per square foot, and most homeowners see a return on their initial investment for artificial grass installation.

A home sauna may be considered a luxury item by some homebuyers, which can provide a good return on investment. However, whether it increases your home's value ultimately depends on the buyer, as some may not want to take on the extra costs and maintenance associated with heating and upkeep.

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.

The Alto, NM homeowners’ guide to real estate services

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