Homeowners should consider
several questions before deciding to add on to an existing home or move up in
the market to a bigger house. How much money do you have available for
remodeling your current house? How much additional space do you require? Is
there room to expand on the ground level or will the foundation of your present
home support a second floor? What will the local zoning and building ordinances
permit? How much equity do you have in the property? Are there affordable
properties for sale that would satisfy your housing needs?
Consider your neighborhood--it makes more sense
to add on to a smaller house than to over-improve the largest home in the area.
Your decision should ultimately be based on your individual needs, the extent of
the work involved and which features will add the most value. According to
industry experts, buyers are always excited by state-of-the art kitchens and