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Real Estate Agents questions, answered by experts

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.

Both conventional loans and FHA loans are types of mortgages, but they have a few key differences. Conventional loans are backed by private lenders without any government backing, and FHA loans are guaranteed by a government agency. FHA loans are designed to be easier for borrowers with low credit scores or income to qualify for.

Appraisals typically take 2-3 hours on-site, with reports delivered in 2-5 business days.

If you are considering buying a home with a cesspool, you will need to weigh the potential costs and hassles. Your primary decision will be whether to maintain the existing system or replace it. Maintaining a cesspool involves ongoing expenses for services like aeration, pumping, and cleaning. Alternatively, you could dismantle the system and replace it with a modern septic tank or connect to a public sewage line, which involves significant upfront costs. It is also crucial to check local and state regulations, as some jurisdictions require that cesspools be replaced before a home can be sold. Ultimately, you must decide for yourself if the financial investment and effort are worth it for the property in question.

Termite damage isn’t always a deal breaker when buying a house, but don’t dismiss it. If that’s the case, you should hire a professional termite inspection to understand the extent of the damage, type of termite, state of repairs, and whether the infestation is gone.

If the termites are gone and the current owners repaired the damage, you might want to proceed. You may even be able to use the damage as a bargaining point. However, don’t forget that home insurance policies often don’t cover termite treatment or repairs and active infestations are tricky to shift.

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