The place you bought that used to fit like a glove no longer does and someone starts dreaming about a "house addition".
Lots to consider before putting up the staging, lining up the workers and getting the permits. For the hammer and nailing to piece it together correctly from whatever is delivered for housing materials from the local lumber yard.
Will what you want to add on to the home you currently own achieve your housing needs for now and beyond?
Or will you be swimming in too much house in just a few short years ?
When the kids fly the coop and leave the nest that now has larger payments when that extra money should be going reallocated and flowing into the college accounts? Eventually you the home owner with all the extra, empty new space finds yourself swimming in the shoes of a house seller.
Reversing direction quickly to recover and recoup from the housing expense. And assuming what you created for extra housing will be found attractive and go down smoothly as it heads to a real estate closing. As you begin racketing it all back, looking for house size reduction better fit on the current housing market. When you throw it all into diet mode in the expand and contract in your home size square footage. On whatever you pay for property taxes on once or twice a year and call home sweet home... for the moment.
And what is this little add on to the house you now have going to set you back in the green stuff?
When you scream "Stretch" and something has to be done about the busting at the housing seams.
As you open up the purse or wallet wide and say "AAHHHhhhhh."
To make everyone inside the home more comfortable. For now.
What exactly is the cost once the sawdust settles and all the tradesmen pack up their house construction tools and back out of the yard for the last time? Will what you build blend in and fit the surroundings on all four sides in the local real estate market if you put the place up for sale due to a slew of life events that make selling it necessary? Often the gotta add on is because moving, relocating to a new area shows nothing much in the inventory for what you need and winter is approaching fast. So adding on to existing is the option reached for rather than building a home from stratch. Be careful how you do that delicate surgery.
Adding on to what you now have for a house. Is it even possible with present zoning, HOA's and bank approval for the home addition to bolt on what is lacking to fit your housing needs today? Lots to consider before drawing up the house sketch blueprints, the "hammer and saw horse time".
Read the full article that explores the topic of putting on a house addition to your present home.