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No, the appraisal value comes from an appraiser and is a professional opinion of value based on property location and condition, while the market value is determined solely by what buyers are willing to pay for your home. Lenders normally use appraised values to ensure they’re staying within target loan-to-value (LTV) ratios—the market value is simply what the home sells for. Appraised value can sit above or below market value.

Modular homes can go up or down in value depending on a few factors. In areas where real estate is appreciating, the value of modular homes is likely to increase, and vice versa. Additionally, the value of modular homes depends partially on the area. In cities where every other home is stick-built, modular homes might be considered a functional obsolescence, in which case they could be less desirable and go down in value. In either case, though, modular homes can still be a good investment, especially since they provide housing at a lower upfront cost.

While there's not a lot of definite research, some experts suggest that an in-ground or wall-mounted basketball hoop can add value to your home by increasing curb appeal. In addition, having a basketball hoop is an attractive feature of a house since it promotes physical activity, especially for children.

Yes, home additions almost always increase a home's value and can be a good investment by enhancing both its utility and square footage. The actual return depends on several factors, including the type of addition, quality of work, and local market conditions. Key additions like extra bedrooms, bathrooms, and larger kitchens tend to offer the highest returns. For example, adding a primary suite might result in a 63% return on investment, while a sunroom may yield around a 49% return. For the best results, additions should be well-planned to integrate seamlessly with the existing structure.