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Real Estate Agents questions, answered by experts

Just as a kitchen remodel can increase home value, so can a new kitchen island. A kitchen island provides extra counter space, increased eye candy, and improved functionality that will likely impress prospective home buyers. You can expect an ROI of about 60% to 80% of the cost of your kitchen island installation, though this depends on the overall design of the fixture. 

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.

Yes, appraisals are often used for property tax appeals, estate planning, and determining market value.

Local regulations dictate how big an ADU can be, and there may also be restrictions on the percentage of the main residence’s square footage an ADU can have. In most cases, an ADU must be smaller than the main residence, but check with your local building authority to confirm restrictions on ADU size.

In short, yes, a pond can add to your home’s value. However, whether it adds value will depend on the condition and aesthetic of your pond. Having this feature already built into a yard’s home can be appealing to homebuyers who value its aesthetic and would prefer not to build it themselves. But if it is not kept in good condition, it could turn buyers away.

The Hondo, NM homeowners’ guide to real estate services

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