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Real Estate Agents questions, answered by experts

Basement bedrooms can count toward your room count and the square footage of your home on an appraisal if they’re fully legal, which means they have proper ventilation and points of egress, as defined by your local building code. Simply partitioning off a space for a bedroom in an otherwise unfinished basement that isn’t a legal living space won’t affect your appraisal value.

Adding a second story can increase the resale value of your home, but your cost-to-value ratio might not give you the return on investment (ROI) you were looking for. Also, there are factors to keep in mind that can impact the value of your home, such as market conditions, your neighborhood, curb appeal, and functionality. If you’re hoping this project will give you a significant ROI, talk with a realtor to see what potential increase you can expect and what you can do to maximize your home’s value.

A koi pond may add value to your home if it’s a feature sellers are looking for. Like pools, ponds can affect your property value depending on their condition, whether they’re a popular selling point, and how well they’re incorporated into your home’s landscape.

Adding a detached garage can increase the home's value by a healthy amount, provided it's well-constructed, permitted, and inspected. The return on investment for a detached garage depends on the structure's size and function, as well as its quality. On average, consumers who add a detached garage can expect their home's value to increase by between $12,000 and $36,000. 

You can find ranch-styled homes around the North, West, and Midwest regions. Some of the states where they’re more common are California and Texas. However, it’s worth noting that you can technically find these houses across the country since there’s nothing stopping homeowners from building one—unless lack of land is an issue.

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