- The first step is a basic reality check - assess if your remodeling plan is feasible. Check your building codes and ordinances. Consult with a qualified contractor and/or architect with experience in your area. You’ll also need to know what structural requirements are necessary if you’re planning to build above the ground floor.
- The next step is to obtain an estimate of the cost. The very same contractor or architect can help you determine how much you’ll need to spend in order to create the additional space you need.
- The last step is to investigate the current real estate market and determine what is available that meets your needs. The market is still quite favorable to buyers who are looking to trade up, and you can take advantage of interest rates that remain low. You’ll also find that the market is somewhat softer at the higher end, with a broad selection of homes offering very attractive options to meet your needs. At this level you’ll often find that a new home might give you much more than your current home ever could - even with the improvements you’re planning.
It’s essential to know what your project will cost, so you can understand everything that’s involved and what the net gain will be when the dust settles. With this information in hand, you may decide that it’s simply not worth the cost or effort to add on.
It also helps to keep tabs on the market and look at larger homes as they become available. Knowing what’s on the market will ultimately help you decide whether to stick with your current home and add on, or to trade up to a new home that offers everything you need, right from the day you move in.
Call us to discuss this very important stage of home ownership. We will also be happy to refer you to professionals for your home improvement needs. We look forward to helping you!
*The beautiful home featured above is 1508 Barnsley Drive, located in the Berkshire neighborhood at Winslow Park. Call us if you would like to view this home and make it yours!
*The beautiful home featured above is 1508 Barnsley Drive, located in the Berkshire neighborhood at Winslow Park. Call us if you would like to view this home and make it yours!
Chris and Don, Team Day
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