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Real Estate Agents questions, answered by experts

Yes, appraisals are often used for property tax appeals, estate planning, and determining market value.

In most cases, you can expect home automation to boost your home value. This technology makes the homeowner’s life easier and more comfortable, and some provide increased safety and protection. Buyers will likely recognize value in security systems and utility monitors, as well as comfort-focused upgrades that save on electric bills while keeping interior rooms at the desired temperature and humidity. On average, you can expect a 50% and 75% return on investment on home automation services, and potentially even more if the automation reduces homeowner’s insurance.

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. 

Adding a well can increase your home value by as much as 10%, especially if you live on a property without a connection to municipal water. But you’ll want to hire a skilled well and pump contractor for installation because an improperly installed well could actually decrease the property value.

Appraisals do not come with warranties but are considered accurate at the time of assessment. Market changes can affect values.

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