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Real Estate Agents questions, answered by experts

An estimate is more informal than a quote. Estimates are based on the contractor's prior experience, and they are expected to be off by 10% to 15% of the actual project cost and timeline. Quotes are more formal and require far more detailed information outlining the scope and cost of the project, including a thorough inspection of the area where the contractor will work. This is because the quote is expected to become a binding contract while an estimate does not have this expectation.

A home sauna may be considered a luxury item by some homebuyers, which can provide a good return on investment. However, whether it increases your home's value ultimately depends on the buyer, as some may not want to take on the extra costs and maintenance associated with heating and upkeep.

Yes, a new roof will add value to your home, often providing a return on investment (ROI) of between 60% and 70%. Not only will a new roof boost curb appeal, but savvy homebuyers will also know that a new roof means they won’t have to worry about roof leaks and related damage for years after closing. They’ll also know that they’ll save money by potentially having decades before they need to worry about paying for repairs or replacement.

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.

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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