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Real Estate Agents questions, answered by experts

Factors considered in a property appraisal include its size, location, and overall condition, as well as recent comparable sales (comparables) and current market trends.

An addition like a garage can increase your home value significantly, but it’s also quite expensive to convert a carport into a garage. In some cases, you may see just a small boost to home value. With that being said, a carport conversion can add value to your experience as a homeowner long before you sell. Garages are useful for security reasons and storing vehicles, plus they can serve as a convenient place for storage and as workspaces or even living spaces.

Yes, it could be worth buying and remodeling an old house. You can potentially purchase an older house for a lower price than a newer house. With less of an upfront investment, you can devote more of your budget to the remodeling work. If you’re thinking of remodeling an old house and then reselling it—called house flipping—focus on projects that deliver the best ROI for home improvements.

Insurance companies weigh the amount of potential liabilities on your property to increase (or decrease) the cost of your home insurance. They will use several factors to decide if there are more chances for peril or injury to take place at your home. These factors include your location (whether you live in an area with high risk for natural disasters), the age and condition of your home, and whether you have any “attractive nuisances”—features that both increase the aesthetic of your home and potential for injury—like a pool or treehouse. 

A heated driveway can increase your home's value, particularly in regions that experience heavy snowfall and freezing temperatures, making the feature highly desirable to potential buyers. The value added is often greatest if you plan to sell within two to five years of installation, as the technology will be current. If you don't plan to sell for 15 years or more, an aged system may not be a significant selling point. However, even installing the basic components without activating the system can still add value by giving a future buyer the option to complete the installation.

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