Should I Add On or Buy a Bigger Home?
Not sure whether it's better to add on to your current home or sell and buy a bigger home? Consider these questions before making a choice:
- How much money do you have available, either from cash reserves or through a home improvement loan, to remodel your current house?
- How much additional space is required? Would the foundation support another floor or does the lot have room to expand on the ground level?
- What do local zoning and building ordinances permit?
- How much equity already exists in the property?
- Are there affordable properties for sale that would satisfy your additional housing needs?
Ultimately, the decision should be based on your individual needs, the extent of work involved, and what will be the best use of your money.
If you have any questions or need help weighing your options, please contact our office to talk to an experience and licensed professional. If we don't answer right away, we'll get back to you fast!