Get matched with top real estate agents in Hondo, NM

Yes, marble floors do increase home values. In fact, if you install marble flooring in your home, you can expect to double your investment. Homebuyers love marble, like other types of stone flooring, because it’s timeless, beautiful, wears well, and is considered a luxury product. Marble is expensive to install, but if your house and location attract buyers looking for luxurious, upscale vibes, adding marble flooring can only raise your property value and give you a great return on your investment.

Ideally, you’d never pay more than the appraised value for a home, but there are some instances where it makes sense to do so. For example, if your current living arrangements are no longer viable and you need a place to move into quickly, paying more than the appraised value might be in your best interest to secure a new home. Additionally, if you’re buying in a hot market, overpaying for the home might be necessary to overcome the competition.

Modular homes can go up or down in value depending on a few factors. In areas where real estate is appreciating, the value of modular homes is likely to increase, and vice versa. Additionally, the value of modular homes depends partially on the area. In cities where every other home is stick-built, modular homes might be considered a functional obsolescence, in which case they could be less desirable and go down in value. In either case, though, modular homes can still be a good investment, especially since they provide housing at a lower upfront cost.

Historically, Tudor homes originally stemmed from the 15th and 16th centuries, while Victorians appeared during Queen Victoria's reign in the 19th century. The design and structural differences are significant as well. The many types of Victorian architecture—such as Italianate architecture—typically feature ornate trim, wood siding, wraparound porches, and tall towers on top, such as belvederes. On the other hand, Tudor-style homes feature white stucco exteriors with exposed wooden rafters marking the house frame both inside and out.