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Real Estate Agents FAQs, answered by experts

A kitchen remodel can increase home value significantly, with a return on investment (ROI) ranging from 50% to 80%. A well-executed kitchen remodel that enhances functionality, aesthetics, and energy efficiency attracts more buyers and commands a higher selling price. Smaller remodels can have a higher ROI, since less cost is invested than what would go into major or complete remodels while still offering valuable enhancements.

By increasing square footage and functionality, resale appeal is enhanced.

Yes, adding central air can increase your home value by as much as 10%. Generally speaking, prospective buyers prefer a central AC system over a ductless system or room-by-room AC units. That’s because central air conditioning blends into the home easier than individual room air conditioners and typically has less equipment to maintain.

For homeowners who love the charm and character of historic homes, renovating is well worth the invested cost. Keep in mind, though, that historic homes often need more extensive work than you might think at first, so be sure you know exactly what needs to be done so you can decide for yourself if the time, money, and effort are worth it for you.

You may be able to negotiate an as-is purchase, but many sellers who list their homes as-is aren’t willing to lower their asking price since they’ve already accounted for the price of repairs. Homes are often listed as-is for a quick sale, so there’s a chance a seller may negotiate in order to make the sale—it never hurts to ask.

The Hondo, NM homeowners’ guide to real estate services

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