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Real Estate Agents questions, answered by experts

Yes, adding a composite deck, such as one made from Trex, can significantly increase your home's value. It is a valuable home renovation for recouping costs, with some estimates for return on investment (ROI) ranging between 60% and 70%. More recently, Remodeling's 2024 Cost vs. Value Report suggests a deck addition has an ROI of 82.9%, with an average resale value of nearly $14,600. A new deck makes your yard more functional, enhances the landscape's aesthetic, and can entice prospective buyers. The investment may have a higher return if the deck adds usable square footage to the property.

Ranch-style homes are typically larger and more rectangular than most bungalows' small, square footprints. The floor plans for these two home styles are often different, too, with ranch home bedrooms placed along a hallway off the central living space and bungalows having their bedrooms directly off the main area without hallways.

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.

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.

Yes, gas fireplaces can increase your home's value by as much as 12%. They are a sought-after feature because they burn cleaner, provide more warmth, and are more convenient than wood-burning fireplaces. Modern gas inserts can also provide the traditional aesthetic appeal that buyers like. To ensure the highest return on investment, perform regular maintenance and schedule annual professional inspections.

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