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Real Estate Agents questions, answered by experts

Yes, high ceilings can increase your home's value when it's time to sell. According to some studies, homes with ceilings 9 feet or higher can sell for up to 6% more than homes with lower ceilings. Buyers often have a greater perceived value of homes with high ceilings because they appreciate the extra space and modern feel. While other factors like your home's location and overall condition are more impactful, raising your ceilings can be a worthwhile investment if you plan to sell in the future.

Appraisals do not come with warranties but are considered accurate at the time of assessment. Market changes can affect values.

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

Mortgage underwriting is often the next step after an appraisal, and this process can take anywhere from a week to a month or more. The timeline depends on the mortgage lender’s requirements, how quickly the buyer gets the required documentation to their lender, and whether there are any issues during the underwriting process.

Yes, a garage apartment is generally considered a valuable asset as long as the new structure has been legally built. It's important to weigh the cost to build a garage with an apartment against the cost to convert a garage to living space if you already have a garage.

The Laguna, NM homeowners’ guide to real estate services

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