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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.

A new gravel driveway—and accompanying landscaping around it—can boost your curb appeal and overall property value. On average, a newly paved driveway can boost your property value by 5–10%.

Yes, siding orientation can affect a home’s resale value, but in what way and by how much really depends on the prospective buyer. For instance, some buyers prefer the more modern appearance that vertical siding offers, so having it can increase your home’s value in their eyes. However, other buyers prefer the classic, more common appearance of horizontal siding, so having vertical siding can decrease your home’s value in their eyes. 

Pricing a fire-damaged house is tricky, and it’s best to involve some professionals. First, get a comprehensive repair estimate from a fire damage restoration expert. Next, have a real estate agent get you an as-repaired value for the home, which represents what the house would be worth if fully repaired. Subtract the repair estimate from the as-repaired value to get the as-is value.

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.

The Shiprock, NM homeowners’ guide to real estate services

From average costs to expert advice, get all the answers you need to get your job done.