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Real Estate Agents questions, answered by experts

You should aim to have three or more bedrooms for the best resale value, and having four bedrooms is considered the gold standard. Having just two bedrooms is a functional obsolescence for larger family sizes, so a minimum of three bedrooms is ideal. Adding square footage from additional bedrooms will almost always be worthwhile, though, and can easily provide an ROI of 70%.

A property valuation, sometimes called a comparative market analysis or CMA, provides a real estate expert’s opinion on how much your property will sell for. It takes many things into consideration, like the condition and location of the home, but ultimately, all that matters for a property valuation is what a buyer might be willing to pay for the property. An appraisal is more concerned with determining the value. A valuation is to estimate what you’ll get for a property, while an appraisal helps a lender establish loan-to-value ratios and loan amounts.

A good return on flipping a house ranges from 10% to 20% of the after-repair value. Many investors aim for a profit margin of at least 15% to ensure their efforts and risks are worthwhile. This percentage accounts for costs like repairs, financing, holding costs, and closing fees, while also providing a solid profit.

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

Yes, a tile roof will increase the value of your home more than an asphalt shingle roof. Not only do tile roofs look nicer and add more to your curb appeal, but buyers will understand that roof tiles last longer than most other materials, so they can expect minimal maintenance and a long roof lifespan after closing, which often means they’ll be willing to pay more for a home with this roof option.

The Glorieta, NM homeowners’ guide to real estate services

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