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Real Estate Agents questions, answered by experts

Yes, adding a composite deck, such as one made from Trex, can significantly increase your home's value. It is a valuable home renovation for recouping costs, with some estimates for return on investment (ROI) ranging between 60% and 70%. More recently, Remodeling's 2024 Cost vs. Value Report suggests a deck addition has an ROI of 82.9%, with an average resale value of nearly $14,600. A new deck makes your yard more functional, enhances the landscape's aesthetic, and can entice prospective buyers. The investment may have a higher return if the deck adds usable square footage to the property.

Both conventional loans and FHA loans are types of mortgages, but they have a few key differences. Conventional loans are backed by private lenders without any government backing, and FHA loans are guaranteed by a government agency. FHA loans are designed to be easier for borrowers with low credit scores or income to qualify for.

Yes, built-in bookshelves can be worth the investment and can add value to your home, especially when constructed from high-quality, timeless materials like luxury hardwood. They offer a practical and stylish storage solution that utilizes wall space effectively. While they cost more than store-bought units, the custom fit and potential to increase your property's resale value make them a desirable feature for many buyers, particularly for homeowners with large book collections. For the best return on investment, consider having them professionally built.

Installing a new home theater or upgrading your current one will likely add value to your home, as many prospective buyers will consider it an exciting bonus feature. However, the value of a home theater is subjective and depends on the buyer, so there’s no guarantee that it’ll increase your home sale value. Keep in mind that home theaters typically have a return on investment rate of about 65%.

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.

The Vanderwagen, NM homeowners’ guide to real estate services

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