If you’re starting to feel a little cramped in your current home, you may be thinking about moving up. But what if you love your home? Or what if the market is bad and you wouldn’t make a profit if you sold now? You may begin considering constructing a home addition instead so that you can stay in your current home.
Is one better than the other?
Constructing a home addition makes more sense for a lot of families, but many factors will come into play:
Whether you stay put or move on is a personal decision, but many factors will likely influence your choice to move. If your HOA restricts you from building an addition, or you’re going to need more room than expected (say your new bundle of joy turns out to be triplets!), it might not be possible to add on.
It’s difficult to compare the cost of constructing a home addition to the cost of buying a new home because every situation is unique. Do you just need a family room addition, or an entire second story addition? Are you considering moving to a more affordable (or more expensive) area? There are many factors to consider before you can decide which makes more sense for your family.
Synergy Builders is a full-service design build firm serving the Naperville and Chicagoland suburbs with expert home remodeling services. If you’re trying to decide between constructing a home addition or buying a new home, contact us for a complimentary consultation at 630.293.8070.