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Real Estate Agents questions, answered by experts

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.

Garden windows can add value to your home and are an attractive feature for potential homebuyers. These windows add a custom look to your home and usable shelf space for homeowners with a green thumb. You’ll likely recoup your investment when it comes time to sell.

Under the right circumstances, removing your popcorn ceiling can have a favorable ROI exceeding 80%. The ROI depends on several factors, such as the size of your ceiling, where the texture is located in your home, the state of the housing market, and whether the ceiling contains asbestos.

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.

Installing a new home theater or upgrading your current one will likely add value to your home, as many prospective buyers will consider it an exciting bonus feature. However, the value of a home theater is subjective and depends on the buyer, so there’s no guarantee that it’ll increase your home sale value. Keep in mind that home theaters typically have a return on investment rate of about 65%.

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

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