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Real Estate Agents questions, answered by experts

Adding a second story can increase the resale value of your home, but your cost-to-value ratio might not give you the return on investment (ROI) you were looking for. Also, there are factors to keep in mind that can impact the value of your home, such as market conditions, your neighborhood, curb appeal, and functionality. If you’re hoping this project will give you a significant ROI, talk with a realtor to see what potential increase you can expect and what you can do to maximize your home’s value.

Fresh baseboards can increase a home’s value because they refresh the look of your walls. This can make a good impression on buyers and potentially boost your home’s resale value. This is particularly helpful if your existing baseboards are in bad shape, which can age the look of your walls. 

Consider also investing in the cost to install shoe molding for an extra-polished look that can further boost resale value.

A fireplace can increase a home's value by as much as 12%, with some reports indicating that homes with fireplaces list for around 13% more than the median sale price. Fireplaces are both functional and aesthetically pleasing, adding a charm that many homebuyers find desirable. The actual return on investment depends on the fireplace's size, type, and material.

However, a fireplace can detract from a property's value if it is unusable, not up to code, or in need of immediate repairs. The type of fireplace also matters; custom electric fireplaces and inserts can add value, while freestanding units that can be removed have less impact.

A land survey defines and records the physical aspects of a property, including its boundaries, dimensions, easements, features, and sometimes topographical information. In contrast, a land appraisal determines the property's monetary value. While an appraiser will often consult a land survey to understand the property's physical specifications, the survey itself does not determine the land's value.

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.

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