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Real Estate Agents questions, answered by experts

Xeriscaping can absolutely increase your home value, but the return on investment (ROI) depends on where you live and how prevalent xeriscaping is in your area. In drought-prone climates, xeriscaping can boost your curb appeal and make your home more appealing to buyers due to the reduced maintenance and watering costs. However, in areas where xeriscaping isn’t the norm, some buyers may be willing to pay less for a xeriscaped property if they don’t like the appearance.

Yes, a bump-out in any room, whether it’s the bedroom, bathroom, or kitchen, increases home value. Bump-outs add square footage and create a more modern, appealing look, which are proven ways to increase home value. On average, bump-outs offer an ROI between 30% and 50%. 

The purpose of the home appraisal determines which party pays for it. You’re generally responsible for the cost if you need to know the current value of your home to refinance your mortgage, though in some instances the lender will pay for it. The buyer pays for the appraisal when they are applying for their mortgage.

Yes, wood floors are among the most desirable flooring options, and most homebuyers are willing to pay more for homes with high-quality wood floors installed. Wood floors are relatively easy to repair, maintain, and clean, and buyers may pay a premium for the convenience and natural beauty of wood floors, especially if they’re new or in good condition. You can reasonably expect a return on investment of around 75% or more when you upgrade to wood floors, depending on the quality and type of wood.

Increases livable area and enhances aesthetic, often boosting property appeal.

The Carrizozo, NM homeowners’ guide to real estate services

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