Adding your house or buying a bigger one?

You should consider several questions before making a choice between adding on to an existing home or moving up in the market to a bigger house.
- How much money is available, either from cash reserves or through a home improvement loan, to remodel the current house?
- How much additional space is required?
- Would the foundation support a second floor?
- 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 housing needs?