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Real Estate Agents questions, answered by experts

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.

The difference between a mobile home and a trailer home is primarily between construction standards and usage. Mobile homes built after 1976 meet HUD safety regulations, offering more durability and livability. Trailer homes, an older term, often refer to smaller, lightweight units primarily designed for temporary travel or camping.

Yes, a new roof will add value to your home, often providing a return on investment (ROI) of between 60% and 70%. Not only will a new roof boost curb appeal, but savvy homebuyers will also know that a new roof means they won’t have to worry about roof leaks and related damage for years after closing. They’ll also know that they’ll save money by potentially having decades before they need to worry about paying for repairs or replacement.

Yes, landscaping costs are generally a worthwhile investment that can increase your property value. Landscaping can boost your home's value by up to 30% by improving its curb appeal, which can help it sell faster and for a higher price. Specific projects have a high return on investment (ROI); for example, revamping a front walkway can offer a 100% ROI, while a pristine, well-manicured lawn can deliver an impressive 217% ROI. In addition to the financial returns, you also get to enjoy the improvements, especially with features like an outdoor living area.

Having a garage installed certainly adds to the value of your home. The consideration is not whether it adds value, but for many, they want to know if adding a garage yields a return on their investment or ROI. While garages can add anywhere from 5% to 20% of the total value of your property, that doesn’t mean that they return 5% to 20% of the money invested in building them. Most homeowners build garages for a purpose but know that you can recover your investment when you sell or refinance.   

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