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Real Estate Agents questions, answered by experts

A land survey defines and records the physical aspects of a property, including its boundaries, dimensions, easements, features, and sometimes topographical information. In contrast, a land appraisal determines the property's monetary value. While an appraiser will often consult a land survey to understand the property's physical specifications, the survey itself does not determine the land's value.

Yes, coffered ceilings add value to a home. They’re a timeless addition that creates an instant focal point in a room and makes it feel luxurious, no matter the style. This can catch the eye of potential homebuyers and get them excited about the home, providing you with a return on your investment.

In most cases, installing a tennis court on your property will drive up your property taxes. Property taxes are determined, in part, based on improvements made to your property, which includes anything with a permanent foundation. Since most home tennis courts include a large concrete foundation, your property taxes will likely increase following the installation. A general rule of thumb is that if your project requires permits—like for a foundation or fencing for a tennis court—then your property taxes will be affected.

While sheds are most certainly helpful for most homeowners, unfortunately, sheds do not add value to a home or property in the traditional sense. However, if the home has limited storage or garage space, having a shed to store things like decorations or lawn equipment can certainly be a positive if you want to sell.

Foundation cracks won’t always affect your appraised value. All foundations crack due to normal settlement, so hairline cracks that aren’t leaking or uneven from side to side are unlikely to have an impact on your appraisal. Structural cracks, on the other hand, often lead to a reduced appraised value, especially if the underlying problem will cause the issue to worsen over time.

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