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Real Estate Agents FAQs, answered by experts

The purpose of the home appraisal determines which party pays for it. You’re generally responsible for the cost if you need to know the current value of your home to refinance your mortgage, though in some instances the lender will pay for it. The buyer pays for the appraisal when they are applying for their mortgage.

Yes, a new roof will add value to your home, often providing a return on investment (ROI) of between 60% and 70%. Not only will a new roof boost curb appeal, but savvy homebuyers will also know that a new roof means they won’t have to worry about roof leaks and related damage for years after closing. They’ll also know that they’ll save money by potentially having decades before they need to worry about paying for repairs or replacement.

Yes, installing a tennis court can be a worthwhile home improvement project that adds value to your property. The potential increase in value can range from $20,000 to $150,000, and in some cases, the return on investment can cover more than 60% of the installation cost. However, the impact on value heavily depends on the size of your property. For homes with multiple acres, a tennis court is often a valuable amenity. In contrast, for homes on smaller lots, installing a court can decrease the property's value because it consumes a significant portion of the usable yard space. It's crucial to consider your property size and the remaining usable yard before proceeding.

It can, especially with the rising popularity of treehouses that go beyond the ones designed for kids. Adults can now use them as office spaces, yoga studios, or quiet treetop retreats. That said, a treehouse can appeal to families with children or adults who might want to convert it into a space of their own. Depending on the buyer, they may be willing to pay extra for the unique feature.

Having a Level 2 charger can increase your home value, especially as electric vehicles become more popular. Homebuyers who have EVs or are interested in getting one will appreciate the convenience of a ready-to-use charging station. The added value can vary based on location and buyer preferences.

The Tucumcari, NM homeowners’ guide to real estate services

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