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Real Estate Agents questions, answered by experts

Yes, a well-built fence can increase your home value as it improves your property’s curb appeal and also provides enhanced security. Online studies show that fences have a 50% recovery rate, meaning investing $10,000 in a new fence can potentially increase your property value by $5,000 in the end. The number may fluctuate depending on the quality, material, and design of your fence.

In cases where an appraisal comes in lower than an offer price, sellers might opt to lower their asking price to meet the appraisal, especially if the market is slow, and replacing the offer with a higher one may take a long time. Sellers can also offer to make repairs to boost the appraised value, hire another appraiser to get a second opinion, or just move on to another offer that isn’t contingent on the buyer getting a mortgage or an appraisal inspection.

You may be able to negotiate an as-is purchase, but many sellers who list their homes as-is aren’t willing to lower their asking price since they’ve already accounted for the price of repairs. Homes are often listed as-is for a quick sale, so there’s a chance a seller may negotiate in order to make the sale—it never hurts to ask.

Yes, an RV garage can add value to a home. In most cases, homeowners can expect to see a return on investment (ROI) of 65% on a new RV garage. This isn’t quite as high as a regular garage, but it still increases the value of your home.

Tiny homes may depreciate and be more challenging to sell because of their size, customization, and unique space. If your tiny home is on wheels, depreciation can happen in the same way that cars and RVs do. If your tiny home isn’t structurally sound, the resale value will also be lower. 

The Quay County, NM homeowners’ guide to real estate services

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