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Real Estate Agents FAQs, answered by experts

An addition like a garage can increase your home value significantly, but it’s also quite expensive to convert a carport into a garage. In some cases, you may see just a small boost to home value. With that being said, a carport conversion can add value to your experience as a homeowner long before you sell. Garages are useful for security reasons and storing vehicles, plus they can serve as a convenient place for storage and as workspaces or even living spaces.

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.

Termite damage isn’t always a deal breaker when buying a house, but don’t dismiss it. If that’s the case, you should hire a professional termite inspection to understand the extent of the damage, type of termite, state of repairs, and whether the infestation is gone.

If the termites are gone and the current owners repaired the damage, you might want to proceed. You may even be able to use the damage as a bargaining point. However, don’t forget that home insurance policies often don’t cover termite treatment or repairs and active infestations are tricky to shift.

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.

No, radon mitigation systems do not decrease home value or make a home harder to sell. In areas where homes experience similar radon exposure risks, a radon mitigation system is viewed as an improvement. Potential homebuyers often opt to buy a home with a radon mitigation system already installed to reduce the risk of cancer for their families.

The Angel Fire, NM homeowners’ guide to real estate services

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