Should You Add On, Or Move On?

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Should You Add On, Or Move On?
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• Once you start outgrowing your current abode, it
  can be tough to know whether adding another story
  or at least a couple more rooms would make
  more financial sense than moving to a larger
  property. And sometimes its more about how much
  you love your existing home, and whether moving
  elsewhere will leave you unhappy and yearning to
  return.
• If your home no longer has space for your growing
  family, should you add on, or move on? Lets take
  a closer look at the dilemma

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• Would you be better off financially if you added
  on to your current home?
• If you like your neighborhood and dont already
  have the biggest or most expensive property in
  it, then its safe to say that youd probably be
  better off adding on to your home, then buying a
  new property elsewhere.
• But why?
• While homeowners who remodel and invest in an
  addition, dont always recoup their entire
  investment, they can usually be expected to make
  a good percentage of it back (typically between
  60 and 80), as their remodeling boosts the value
  of their home.

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• Do you love your neighborhood and existing home?
• If you do, then moving elsewhere could be a real
  gamble your kids could end up going to a school
  they dont like, while you may have less access
  to local amenities, or not feel as safe. Loving
  your neighborhood and being settled and happy
  right where you are, could make adding rooms on
  to your home, the more realistic and advantageous
  choice.
• What should you do before making the decision to
  add on?
• You should carry out an internet search of homes
  for sale in your area and see if the asking price
  varies significantly between 4 and 5-bedroom
  homes. Check to see whether adding a new master
  bathroom or another useful room could help you
  sell your home quicker in comparison to what
  exists on the current market.

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• When should you move on?
• If you already have one of the largest and nicest
  homes in your neighborhood, it might make more
  sense to look at moving, as few people will be
  willing to pay the original price plus the cost
  of the home improvements youve carried out.
• Can a realtor help you decide?
• Someone who knows the local market inside out is
  a good person to seek advice from, and a realtor
  can help you determine your potential rate of
  return, to make the decision to add on, or move
  on, a little clearer, if not easier.

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• Talk to your local construction company
• Its important to remember that while you may
  wish to add on to your home, there may be health,
  zoning or wetland regulations that preclude you
  from doing so, or at the very least, limit your
  opportunities. A reputable local construction
  company will be able to help you with this
  aspect, so talk to them at the earliest, before
  you make any plans.
• The decision to add on to your home or move to
  another property, may not always be an easy one,
  but talking to the right people before you make
  any decisions, can help your choices seem a
  little more straightforward.

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• RZ Construction Group Inc is a fully inclusive
  construction contractor in Queens NY. From
  initial design to final clean up, our results
  speak for themselves. We are fully licensed,
  insured, and bonded to provide both commercial
  and residential construction services to
  customers in Astoria and the surrounding area.
  Proud to serve New York State for 25 years. No
  job is too small nor too big. If you are looking
  for a general contractor in Astoria NY or want to
  know more about our wide range of professional
  but affordable construction and repair services,
  reach out to us at [phone].