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Real Estate Agents questions, answered by experts

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.

Gather details of recent improvements, property documents, and any previous appraisals or inspections.

Garden windows can add value to your home and are an attractive feature for potential homebuyers. These windows add a custom look to your home and usable shelf space for homeowners with a green thumb. You’ll likely recoup your investment when it comes time to sell.

Yes, a seller is legally required to disclose any known fire damage when selling a house, including damages that were repaired. That includes damages to structural components and all major systems, as well as water damage, chemical damage, and smoke damage related to the fire. Sellers use a property disclosure statement, which is regulated by each state individually, to disclose fire damage.

Yes, the age of your home can impact its value. However, age is just one of many factors that will have an effect. An older home may be perceived as needing more work and maintenance, but if you’ve kept up with repairs or done any renovations, this will increase its value. Buyers will also consider the size of the house, location, and how nearby homes are priced. Lastly, value also depends on whether it’s a buyer or seller’s market.

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