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Real Estate Agents questions, answered by experts

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.

Artificial grass can add value to your home, particularly in drought-prone areas where traditional lawns are difficult to maintain. Artificial grass averages between $3 and $11 per square foot, and most homeowners see a return on their initial investment for artificial grass installation.

Land doesn’t depreciate in the same way that a house, vehicle, or other property does, but it can lose value based on various factors. Environmental changes, nearby development, zoning changes, and economic downturns can all cause land to lose value over time. Value is a comparative figure, so as other related factors change, so can land’s value.

While it's smart to save up about 25 percent of the price of a home—to cover the down payment and closing costs—many loans require between less than 3% down to qualify. In either case, you'll need between 3 and 6 percent for the closing and moving costs as well as a strong financial history for mortgage approval.

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.

The La Plata, NM homeowners’ guide to real estate services

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