This article discusses the advantages and factors that should be considered when choosing to build a home addition versus buying a larger one.
Choosing to extend the size of your current home via building a home addition is frequently a better decision than selling your home and buying a larger one. In addition to making financial sense, in many cases it also offers other advantages. For example, if you like where you live and/or have children in a school system that they enjoy, building a home addition can preserve these ties.
Need more living space for the family. Sometimes building a second floor addition makes more sense than building a room addition of the side of the home.
When contemplating building a home addition onto a single story house, frequently the question comes up on what makes more financial and practical sense? Is it better to build out with a room addition, or build up with a second floor addition?
The short answer is, if you have the land it is probably better to build out than to build up.
Need more living space for the family. Sometimes building a second floor addition makes more sense than building a room addition of the side of the home.
When contemplating building a home addition onto a single story house, frequently the question comes up on what makes more financial and practical sense? Is it better to build out with a room addition, or build up with a second floor addition?
The short answer is, if you have the land it is probably better to build out than to build up.
I believe that now is probably the strangest time for economics I’ve ever seen in my lifetime. I’m seeing homeowners finance homes at 130% of value and eventually losing their investments.
We see troublesome times in our future’s national security. Prices for fuel are at an all time high. Bond prices have remained low for years which tells us that the real safe investments are not moving at all.
We can see that the Securities and Exchange commission are now constantly uncovering private acts of insider trading when just a few years ago, the SEC hardly existed. This tells us that we as middle-income investors will probably lose a lot of our money because of ruthless stock market thieves.
