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Real Estate Agents questions, answered by experts

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

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.

Ensures accurate valuation reflecting current market conditions, assisting in financial decisions.

A carport's effect on property value can be positive or negative, depending on its condition and design. A high-quality, well-maintained carport can improve a home's selling appeal and may increase its value by a few percent, especially if it is thoughtfully designed with added utility like storage space or a workshop. However, a poorly-maintained carport in disrepair can have the opposite effect and detract from the home's sales appeal and value.

Insurance companies weigh the amount of potential liabilities on your property to increase (or decrease) the cost of your home insurance. They will use several factors to decide if there are more chances for peril or injury to take place at your home. These factors include your location (whether you live in an area with high risk for natural disasters), the age and condition of your home, and whether you have any “attractive nuisances”—features that both increase the aesthetic of your home and potential for injury—like a pool or treehouse. 

The Los Chavez, NM homeowners’ guide to real estate services

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