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Real Estate Agents questions, answered by experts

Yes, adding a pergola can add value to your home and provides an excellent selling point for potential buyers who enjoy outdoor living. Pergolas may have a 50% to 80% return on investment. To add more value, choose a structure made from durable, long-lasting materials and have it professionally installed. Extra features like a motorized roof, smart louvers, and heaters or misters may also give you a better return on investment.

The difference between a mobile home and a trailer home is primarily between construction standards and usage. Mobile homes built after 1976 meet HUD safety regulations, offering more durability and livability. Trailer homes, an older term, often refer to smaller, lightweight units primarily designed for temporary travel or camping.

Yes, an elevated deck can increase a home's resale value. Homeowners can expect a 65% return on investment from the cost of a second-story deck installation. For example, if you spend $5,000 to install a second-story deck, that deck will add $3,250 to the value of your home.

Land doesn’t depreciate in the same way that a house, vehicle, or other property does, but it can lose value based on various factors. Environmental changes, nearby development, zoning changes, and economic downturns can all cause land to lose value over time. Value is a comparative figure, so as other related factors change, so can land’s value.

Your home insurance company may allow you to use an appraisal instead of an inspection when you apply for coverage. Keep in mind that despite this, an appraisal is far less detailed than the different types of home inspections available and may not reveal potential risks that you’ll want to know about.

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