Best real estate agents near Moab, UT

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.

Foundation cracks won’t always affect your appraised value. All foundations crack due to normal settlement, so hairline cracks that aren’t leaking or uneven from side to side are unlikely to have an impact on your appraisal. Structural cracks, on the other hand, often lead to a reduced appraised value, especially if the underlying problem will cause the issue to worsen over time.

While it's smart to save up about 25 percent of the price of a home—to cover the down payment and closing costs—many loans require between less than 3% down to qualify. In either case, you'll need between 3 and 6 percent for the closing and moving costs as well as a strong financial history for mortgage approval.

Yes, high ceilings can increase your home's value when it's time to sell. According to some studies, homes with ceilings that are 9 feet or higher can sell for up to 6% more than homes with lower ceilings. While other factors like your home’s location and condition are more impactful, homes with high ceilings have a greater perceived value. Buyers often appreciate the extra space and modern feel that high or vaulted ceilings provide, making it a potentially worthwhile investment.