What to consider when looking to add more space for you and your family.
Adding more square-footage with an addition on your existing home?
Keep the following things in mind when planning…
–Know the Rules: Each City, Town, and Village is going to have height restrictions, buildings lines, design covenants, and historic district preservation may be required
–Plan Positively and Expand Efficiently: Consider building materials. Matching existing surfaces and textures could get pricey and may not flow together correctly. Check out reengineered and new release materials for new ideas and ways to save money
–Stay in Scale: when adding square footage, consider the properties around yours. Just because your adding square footage doesn’t mean you will be adding value to your home. Consult a real estate professional and a market specialist to make sure your investment will have a solid return
Adding square footage by purchasing a bigger home? Keep these couple thoughts when weighing the Pros and Cons….
What is your current property worth? Having a real estate professional give you advice on what your property is worth can be a valued professional opinion and allow you to make a sound decision on what is best for you and your family
Interest Rates: Current Rates are at an all time low. It may be worth purchasing a bigger property after a long term cost analysis of interest rates on your current and potentially new mortgage.
Market Condition: Is the neighborhood you want to move in to a “Sellers Market” or a “Buyers Market”. Moving on can be exciting and scary all at the same time. Knowing the market conditions can be helpful when making a decision.